Study on reverse technological spillover from outward direct investment

摘要

The outward direct investment from developing countries has been growing rapidly. Unlike conventional foreign direct investment motivated by cost reduction or natural resource, the developing countries aim to obtain advanced technology from investing in developed countries. Home country could benefit from reverse technological spillovers from outward direct investment. This paper analyzed factors that affect reverse technological spillover from outward direct investment, include macroeconomic, technological and institutional factors in both home country and host country. Then the paper explored the influences of reverse technological spillovers on innovation in home country. Policy support and strategies to promote international technology transmission is also analyzed. Government policy which facilitate and support technology seeking outward direct investment, and provide a favorable environment for technology transfer, as well as sufficient legal protection in intellectual property, would promote positive reverse technological spillovers.