The impact of foreign direct investment on innovation in China's forest products industry

IF 4 2区 农林科学 Q1 ECONOMICS
Bingqian Tu , Ze Chen , Jingqi Dang
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Abstract

The forestry industry, with its high resource dependence, long production cycles, and extensive development modes, lags behind other industries in terms of innovation. This study examines the impact of foreign direct investment (FDI) on product innovation in China's forest products industry. We use data from 146,526 forest products enterprises spanning the years 1998 to 2013, merged with patent application records from the China National Patent Database, and employ a two-way fixed effects model. Our estimates show that a 10 % increase in FDI is associated with a 0.86 % increase in patent applications, a smaller effect than in other industries. In particular, we examine how this positive effect of FDI on innovation is affected by the specific production and layout features of the forest products industry. We find that this effect is greater in regions rich in forest resources and non-coastal areas. Additionally, enterprises in this industry often focus on strategic innovations, such as product design, rather than substantial technological change, with innovation priorities differing across sub-sectors. Mechanism analyses reveal that FDI promotes innovation in forest products enterprises by increasing R&D investments, optimizing the marketing environment, and alleviating financial constraints. Extended analyses indicate significant spillover effects of FDI-driven innovation across the industry, especially between the upstream and downstream segments of the supply chain. We advise the global forest products industry to consider these unique production and layout features in their development strategies, and suggest a reorientation of government innovation policies toward long-term goals.
外商直接投资对中国林产品产业创新的影响
林业产业资源依存度高、生产周期长、发展方式粗放,创新能力落后于其他产业。本研究探讨外商直接投资对中国林产品产业产品创新的影响。本文采用1998 - 2013年146526家林产品企业的数据,并结合中国国家专利数据库的专利申请记录,采用双向固定效应模型。我们的估计表明,外国直接投资增加10%,专利申请增加0.86%,影响小于其他行业。我们特别研究了林产品产业的特定生产和布局特征如何影响FDI对创新的积极作用。我们发现,在森林资源丰富的地区和非沿海地区,这种影响更大。此外,该行业的企业通常关注战略创新,如产品设计,而不是实质性的技术变革,各子行业的创新重点有所不同。机制分析表明,FDI通过增加研发投入、优化营销环境、缓解资金约束等方式促进林产品企业创新。扩展分析表明,fdi驱动的创新在整个行业,特别是在供应链的上游和下游环节之间具有显著的溢出效应。我们建议全球林产品产业在其发展战略中考虑这些独特的生产和布局特征,并建议政府将创新政策重新定位于长期目标。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Forest Policy and Economics
Forest Policy and Economics 农林科学-林学
CiteScore
9.00
自引率
7.50%
发文量
148
审稿时长
21.9 weeks
期刊介绍: Forest Policy and Economics is a leading scientific journal that publishes peer-reviewed policy and economics research relating to forests, forested landscapes, forest-related industries, and other forest-relevant land uses. It also welcomes contributions from other social sciences and humanities perspectives that make clear theoretical, conceptual and methodological contributions to the existing state-of-the-art literature on forests and related land use systems. These disciplines include, but are not limited to, sociology, anthropology, human geography, history, jurisprudence, planning, development studies, and psychology research on forests. Forest Policy and Economics is global in scope and publishes multiple article types of high scientific standard. Acceptance for publication is subject to a double-blind peer-review process.
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