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Diminishing Spillover Effects and Increasing Crowding-out Effects: Reconsideration of the Influence of Foreign-funded Retailers in China |
AI Wenwei |
School of Business, Renmin University of China |
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Abstract This paper studies the nonlinear FDI spillover effects in retailing industry. The theoretical analysis indicates that inward FDI can not only exert positive spillover effects on Chinese retailing industry through demonstration effects, competition effects, technology diffusion effects and industry correlation effects, but also cause negative crowding-out effects by competing with local retailing industry for trading area and supplier resources etc. Moreover, with the growing of FDI, the positive spillover effects will diminish while crowding-out effects keep rising to become the leading effects so that there exists an inversed U-shaped curve regarding spillover effects in the retailing industry. Furthermore, based on panel data of 28provinces and regions from 2005-2012, this paper conducts empirical analysis and the results prove the theoretical conclusion mentioned above. Further calculation shows that FDI scales in most regions in China have exceeded the optimum value and are within the dominant range where crowding-out effect leads.
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Received: 10 April 2015
Published: 15 August 2015
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Corresponding Authors:
AI Wenwei
E-mail: 1017607953@qq.com
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