FDI Spillovers in the China's Automotive Industry
- 주제(키워드) Spillovers , FDI , Automotive Industry , China
- 발행기관 고려대학교 국제대학원
- 지도교수 오정훈
- 발행년도 2013
- 학위수여년월 2013. 8
- 학위구분 석사
- 학과 국제대학원 국제학과
- 원문페이지 73 p
- 실제URI http://www.dcollection.net/handler/korea/000000045258
- 본문언어 영어
- 제출원본 000045763397
초록/요약
China is one of the largest recipients of Foreign Direct Investment (FDI) in the world. Since 1980s, the Chinese government has chosen the introduction of FDI as a development path for automotive industry. However, it is difficult for the host country to get core technologies through formal technology transfer arrangements. Nevertheless, FDI is expected to bring about technology spillovers through various channels. Spillovers from FDI have been regarded as one of the most efficient means for technology dissemination. Therefore, it is practically important to study FDI spillovers in China’s automotive industry to acquire advance technologies and thus promote industrial development. This paper has two purposes. First, it is to identify historical development and characteristics of FDI in China’s automotive industry. Second, more importantly, it is to analyze spillovers from FDI. Theoretical analysis is used in the study to demonstrate transmission mechanisms of FDI spillovers. Also, influencing factors of spillovers are analyzed. Case studies are applied to give detailed illustrations and explanations. Over the years, FDI has increased rapidly in China’s automotive industry. Spillovers from FDI occur through demonstration effect, competition effect, linkage effect, and training effect, which contribute to the development of automotive industry in China. Still, limitations exist. After combining theories with the practice in China, this thesis provides policy implications for the government to make foreign auto firms commit more to their joint ventures. It also urges the Chinese automakers to enhance their absorptive capability, to which human capital is the key.
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Table of Contents
I. Introduction 1
II. Literature Review 4
2.1 FDI and Spillovers Theories 4
2.1.1 FDI Theories 4
2.1.2 Spillovers Theories 8
2.2 Recent Studies on Spillovers of FDI in the China’ Automotive Industry 10
III. FDI in the China’s Automotive Industry 12
3.1 Historical Development of FDI in China’s Automotive Industry 12
3.1.1 FDI before WTO (1983-2001) 12
3.1.2 FDI after WTO (2001-present) 14
3.2 Characteristics of FDI in the China’s Automotive Industry 19
3.2.1 Scale of FDI in the China’s Automotive Industry 19
3.2.2 Source of FDI in the China’s Automotive Industry 21
3.2.3 Utilization Types of FDI in the China’s Automotive Industry 22
IV. Spillovers of FDI in the China’s Automotive Industry 24
4.1 Four Channels of FDI Spillovers 24
4.1.1 Demonstration Effect 25
4.1.2 Competition Effect 27
4.1.3 Linkage Effect 30
4.1.4 Training Effect 32
4.2 Case Studies of Shanghai VW and Shanghai GM 35
4.2.1 Shanghai Volkswagen 37
4.2.2 Shanghai General Motors 43
V. Influencing Factors of FDI Spillovers 51
5.1 Technological Gap 51
5.2 Efficiency of the Domestic Financial Market 53
5.3 Country of Origin 55
5.4 FDI Motivation 57
5.5 Absorptive Capacity of China’s Automotive Industry 59
VI. Conclusion 62
References 64
