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### 外资进入自由化如何影响中国制造业生产率

1. 南开大学经济学院国际经济研究所 跨国公司研究中心 中国特色社会主义经济建设协同创新中心 天津市卫津路94号南开大学 300071
• 出版日期:2020-01-10 发布日期:2020-01-21
• 通讯作者: 方森辉(通讯作者):电子信箱:nkfangsenhui@163.com E-mail:nkfangsenhui@163.com
• 作者简介:毛其淋:电子信箱:maoqilin@nankai.edu.cn
• 基金资助:
国家自然科学基金项目（71773055）、国家社科基金重大项目（18ZDA078）、国家社科基金后期资助项目（19FJYB049）的资助

### How Does FDI Inflow Liberalisation Affect Chinese Manufacturing Productivity?

Mao Qilin, Fang Senhui

• Online:2020-01-10 Published:2020-01-21

Abstract: Drawing on the quasi-natural experiment relative to China's FDI deregulation in 2002, this paper adopts the difference in differences (DID) technique to investigate the impact of FDI inflow liberalisation on manufacturing productivity and its channel of action. The study finds that:(i) on average, FDI inflow liberalisation has a certain negative and statistically significant spillover effect on the productivity of domestic firms, however, there exists obvious differences between the negative spillover effect intensities for the two types of FDI inflow policy adjustments; (ii) a good institutional environment tends to strengthen the positive effect of FDI inflow liberalisation on the productivity of domestic firms; and (iii) FDI inflow liberalisation significantly increases the aggregate productivity of the manufacturing industry through the resource reallocation effect, while, on the other hand, the additional mechanism test indicates that the efficiency of reallocating resources in employment and withdrawing inefficient firms are important channels through which FDI inflow liberalisation promotes aggregate productivity growth in the manufacturing industry. This paper makes significant contributions by objectively and precisely assessing the economic effects of FDI inflows, while presenting crucial implications for the adjustment of FDI policies in developing countries.