Workshop’s Topic: This paper investigates whether outward foreign direct investments (OFDIs) from Chinese city-regions have a positive impact on home-location income levels. The mechanism that links investment activity with economic development at home is related to reverse spillover effects derived from foreign knowledge and market access. We undertake an ordinary-least-square (OLS) panel regressions from 2003 through 2016 to show how OFDIs can lead to localized multiplier effects and income increases in the home city-region. To capture the regional growth dynamics in China, we consider minimum-threshold levels of investment activity and different time horizons of such effects, and control for a number of influences, such as the growth rate of the gross regional product and city size. Our results show first that, when there is a sufficient number of investment projects, OFDIs have substantial effects on per-capita income changes in the home city-regions and second that city-regions with a strong capacity to assimilate and internalize knowledge related to prior inward foreign direct investments (IFDIs) achieve the largest benefits from reverse spillover effects.
Time and Location: 10:30-12:00 AM (GMT+8), Room A823 (School of Management)
Language: Bilingual (Chinese and English)
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Introduction of Speakers |
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Dr. YANG Ruilin University of Toronto |
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Yang Ruilin, Ph.D. in Regional Economics from the University of Toronto, Canada. She is currently a postdoctoral fellow at Rutgers Business School in the United States and an honorary professor in the University of Geography at the College of Hong Kong. Since October 2023, she has been a postdoctoral researcher at Rutgers Business School. Her main research includes Chinese outward investment, Chinese corporate innovation and regional development. She has received funding from institutions such as the Canadian Social Science Foundation and the Royal Bank of Canada. The results have been published in the international journal ZFW Advancements in Economic Geography, Growth, and Change. She has also served as the deputy director of the academic department of the Chinese Students Association at the University of Toronto and actively promoted good cooperation between domestic research institutions and Canadian research institutes. |
