Spillovers and competition among foreign and local firms in China
结合FDI溢出文献与竞争者分析框架，研究外资进入对中国本土企业及外资企业间的溢出与竞争效应，发现外资增加总体上有利于本土企业，但在区域市场降低了其生存率，且外资企业也会被本土改革企业挤出。
Abstract Combining the FDI spillover literature with a competitor analysis framework, we examine the relative size of spillover and competition effects in China between foreign entrants and local firms, among foreign entrants, and among local firms. Our results show that the increased presence of foreign entrants has generally benefited local firms nationally, but has negatively affected the survival rates of local firms in regional markets. Surprisingly, foreign entrants are crowded out not only by their peers, but also by reformed local firms at both the national and regional levels. Copyright © 2008 John Wiley & Sons, Ltd.