The Spillover Effects of International Co-production in the Chinese Film Industry

IF 2.9 2区 经济学 Q1 ECONOMICS
Feng Yu, Ning Li, Jing Yan, Yan Zhang
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引用次数: 0

Abstract

This study examines the spillover effects of international film co-production using data on films released in the Chinese mainland from 2006 to 2018. The results indicate that local film producers can enhance their product performance by leveraging the expertise and practices of more sophisticated foreign firms during international co-productions. Heterogeneous effects were observed related to budget size, firm size, ownership structure, and cultural distance. These spillover effects can occur through two mechanisms: the demonstration effect (the adoption of more advanced technology) and the labor mobility effect (actors or directors upgrading their skills). An instrumental variable approach is employed to address endogeneity concerns. This study contributes to the spillover effects of international co-production, which has been neglected in the literature. Its empirical findings suggest that engaging in international co-production can potentially boost productivity for firms from developing countries. Host country governments may consider offering preferential policies to promote international co-production as an alternative to foreign direct investment (FDI), thereby fostering positive spillover effects.

国际合拍电影对中国电影产业的溢出效应
本研究利用2006年至2018年在中国大陆上映的电影数据,考察了国际电影合拍的溢出效应。结果表明,在国际合作制作中,本地电影制片商可以通过利用更成熟的外国公司的专业知识和实践来提高他们的产品绩效。异质性效应与预算规模、企业规模、所有权结构和文化距离有关。这些溢出效应可以通过两种机制发生:示范效应(采用更先进的技术)和劳动力流动效应(演员或导演提高技能)。采用工具变量方法来解决内生性问题。本研究有助于研究国际合作生产的溢出效应,这是文献中被忽视的。其实证研究结果表明,参与国际合作生产可能会提高发展中国家企业的生产率。东道国政府可以考虑提供优惠政策,以促进国际合作生产,作为外国直接投资(FDI)的替代方案,从而促进积极的溢出效应。
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
CiteScore
4.70
自引率
12.90%
发文量
391
期刊介绍: The bi-monthly China & World Economy was launched in 1993 by the Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS). It is the only English-language journal in China devoted to the topic of the Chinese economy. The journal aims to provide foreign readers with an objective, impartial, analytical and up-to-date account of the problems faced and progress made by China in its interaction with the world economy. Among its contributors are many distinguished Chinese economists from both academic and government circles. As such, it has become a unique window on China and is essential reading for all those concerned with China"s development.
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