FBA Visiting Scholar Seminar: "FDI Spillovers: What We Know and What We Don’t" by Prof. Robin Kaiji Gong on 07 January 2020
Ref. No :
MKUN-BKKBMC
Posted by :
MichelleKuan/UMAC
Department :
FBA
Posted Date :
06/01/2020
Category :
Lecture/Seminar
講座
Faculty of Business Administration
Visiting Scholar Seminar
FDI Spillovers: What We Know and What We Don’t
Robin Kaiji Gong
The Hong Kong University of Science and Technology
Date: 07 January 2020 (Tuesday)
Time: 15:00-16:00
Venue: E22-2008
Abstract:
This paper identifies the causal effect of U.S. multinationals' technology shocks on their subsidiaries' and nearby domestic firms' productivity in China. By combining firm-level data from both the U.S. and China, I match U.S. multinationals with their manufacturing subsidiaries in China and measure the multinationals' technology shocks to the local firms in China based on the multinationals' patenting activities in the U.S. To address potential endogeneity concerns, I introduce an instrumental variable strategy based on U.S. state-level R\&D tax credit policies. I find multinationals' technology improvements induce an increase in the value-added output and total factor productivity (TFP) of both their own subsidiaries and domestic firms in the local areas. The size of the local technology spillover effect depends on local firms' absorptive capacity. I further provide evidence of spillovers through production linkages as well as technological linkages. In addition, spillovers through technological linkages also stimulate innovation of the productive local firms.
Biography:
Prof. Robin Gong is an Assistant Professor in Economics at HKUST. His research interest includes international trade, innovation, and corporate finance.
ALL ARE WELCOME!