The role of foreign direct investment in China's post-1978 economic development

Chen, Chung; Liu, Chang; Zhang, Yimin

doi:10.1016/0305-750x(94)00143-m

Cited by 241 publications

(112 citation statements)

References 3 publications

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“…A possible Z variable is the scale of research and education activities of local universities, according to studies by Jaffe (1989), Acs, Audretsch, and Feldman (1991), Mansfield (1995), and Lynskey (2009) However, the studies of foreign direct investment in China tend to support the argument that there are such effects (Chen et al 1995;Ran et al 2007). Moreover, find that knowledge spills over from foreign firms' R&D activities to high-tech firms.…”

Section: Correlates Of Productivitymentioning

confidence: 99%

Development of Science and Technology Parks in China, 1988–2008

Zhang

Sonobe

2011

Economics

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In order to investigate the effectiveness of science and technology industrial parks (STIPs), this study examines data on high-tech firms within and outside the STIPs in China, while paying special attention to the issues related to agglomeration and congestion. The main finding is that the negative effect of congestion on productivity is highly likely to outweigh the positive productivity effect of agglomeration economies within the STIPs but not among hightech firms outside the STIPs. The paper also finds that the productivity of high-tech firms, whether within or outside the STIPs, are positively associated with foreign direct investment and the academic activities of local universities in the same city. JEL O3; O4

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Section: Correlates Of Productivitymentioning

confidence: 99%

Development of Science and Technology Parks in China, 1988–2008

Zhang

Sonobe

2011

Economics

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“…and, how FDI was related with a vertical approach, where investors were looking for new resources-e.g., labor-in order to export, mainly, manufacturing products to HICs? Chen, Chang and Zhang (1995) have looked to this topic, relating FDI with Chinese economic development, and, among other conclusions, have highlighted the positive effects perceived, firstly mainly on coastal provinces, and how this positive perception was an important contribution toward a successful political and economic reforms implementation. These authors have given special attention to Deng Xiaoping post-1978 reforms, and underlined how important was the development of Special and Economic Zones (SEZs)-in Guangdong and Fujian provinces.…”

Section: Economic Reforms Inward Fdi and Exportsmentioning

confidence: 99%

“…Furthermore, these authors have mentioned the introduction of a law which has created a legal framework to Wholly Owned Subsidiaries (WOS) and moreover a law of FDI encouragement and incentives was approved. Among other reforms, during the 80's, the joint ventures life-time period was increased and Chinese civil law was changed introducing a new legal framework for foreign-invested enterprises (FIEs) (Chen et al, 1995;Dées, 1998;Cheng & Kwan, 2000;Tuan & Fung-Yee Ng, 2002;2002a;Sun, Tong & Yu, 2002;Huang, 2003).…”

Section: Economic Reforms Inward Fdi and Exportsmentioning

confidence: 99%

China Inward FDI and Chinese Exports to High-Income Countries (HICs): A Historical Perspective Based on Bibliometric Method

Dias¹,

Makalengva²

2013

IBR

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PR China is capturing FDI mainly from the overseas Chinese territories and from High-Income Countries (HICs); this last group is also the most important Chinese export-market. Adopting an inductive methodology, based on the bibliometric method, our purpose is the understanding of which were the determinants that led to attract inward FDI and, later, to increase exports from PR China to HICs. Taking into account the time frame 1980-2010, 367 different publications were collected. Using the ISI Web of Science and the HistCite Software 10 research papers were the basis for a bibliometric diagram (LCS > or equal to 5). From this diagram was possible to extract two main streams: economic reforms toward an inward FDI attraction and world exports leadership; and inward FDI-mainly from HICs-led to an increasing value of the exports basket. A third issue emerged also, not as a stream, but as an important conclusion based on the Gilboy (2004) paper, published on Foreign Affairs: foreign companies dominate high-tech industries and a lion's part of Chinese industrial exports. PR China has reached the world exporting ranking leadership based on economic reforms, focused on the attraction of FDI export driven, which had on companies from HICs a major contribution.

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“…Learning from foreign ventures can be an important channel of technology transfer to incubators and incubatees. Indeed, a number of empirical studies have been conducted regarding knowledge spillovers from foreign ventures to domestic firms in general (e.g., Aitken and Harrison 1999;Barrel and Pain 1999;Saggi 2002;Keller 2004;Javorcik 2004), and to those in China in particular (Chen, Chang, and Zhang 1995;Todo, Zhang, and Zhou 2009;Ran, Voon, and Li 2007;Hu 2007). In view of this substantial body of literature, knowledge spillovers from foreign ventures to STBIs are worthy of consideration.…”

Section: Factors Contributing To the Good Performance Of Stbismentioning

confidence: 99%

Business Incubators in China: An Inquiry into the Variables Associated with Incubatee Success

Zhang

Sonobe

2011

Economics

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This paper examines the association between the outcome of business incubation and the resources used by incubators, by using a small panel of science and technology business incubators (STBIs) in China. We find that while the number of firms graduating from an STBI is closely correlated with the infrastructure as well as the human and financial resources at the STBI's disposal, the graduates' firm sizes, in terms of employment and value added, as well as their labor productivity are unrelated to such resource inputs. We also find that the educational levels of incubator managers and the financial support given to their clients have significant impacts on the number of graduates. However, the number of graduates does not increase with the scale and diversity of the cities in which their STBIs are located or with the presence of foreign ventures and universities in the locality. We do not find that universitybased and government-established STBIs differ significantly in their incubation performance. JEL M13, O31, O32, O38

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The role of foreign direct investment in China's post-1978 economic development

Cited by 241 publications

References 3 publications

Development of Science and Technology Parks in China, 1988–2008

Development of Science and Technology Parks in China, 1988–2008

China Inward FDI and Chinese Exports to High-Income Countries (HICs): A Historical Perspective Based on Bibliometric Method

Business Incubators in China: An Inquiry into the Variables Associated with Incubatee Success

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