外商直接投资
集聚经济
违规
竞赛(生物学)
中国
经济
国际经济学
经济地理学
国际贸易
市场经济
宏观经济学
微观经济学
政治学
生态学
生物
法学
作者
Wen‐Tai Hsu,Yi Lu,Xuan Luo,Lianming Zhu
标识
DOI:10.1016/j.jce.2022.12.004
摘要
This paper studies the effect of foreign direct investment (FDI) on industrial agglomeration. Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI affects industrial agglomeration negatively. As FDI brings technological spillovers and various agglomeration benefits, other forces must be at work to drive this empirical finding. We propose a simple theory that FDI may discourage industrial agglomeration due to fiercer competition pressure. We find various evidence of this competition mechanism. We also find that FDI deregulation is conducive to industrial growth, but the dispersion induced by FDI deregulation reduces the positive effect of FDI on the growth rate by 8 to 14%.
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