The Impact of OFDI Reverse Technology Spillover Effect on Industrial Structure Upgrading

This paper first analyzes the mechanism and path between the reverse spillover effect and structural upgrades. It is believed that OFDI (Outward Foreign Direct Investment) mainly acquires technology spillovers through R&D (Research and Development) cost sharing, factor R&D absorption and reverse technology transfer, and promotes industrial structure upgrading through four channels: labor mobility, supply and demand structure, technical structure and technological innovation. Then, this paper empirically analyzes this process through specific data and models, and studies the impact of absorptive capacity on the spillover effect of OFDI reverse technology. The results show that the technological progress obtained through OFDI is closely related to the upgrading of industrial structure. Human resources capital stocks, economic development levels, technological levels, infrastructure levels and financial development levels can significantly contribute to the upgrading of industrial structure process. Therefore, in the process of industrial transformation and upgrading, China should increase its foreign investment, optimize investment types, investment structure and investment location, and continuously improve human capital investment, and development investment, so as to better promote the upgrading of industrial structure through technology spillovers.