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首页> 外文期刊>The journal of technology transfer >How do human capital and RD structure facilitate FDI knowledge spillovers to local firm innovation? a panel threshold approach
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How do human capital and RD structure facilitate FDI knowledge spillovers to local firm innovation? a panel threshold approach

机译：How do human capital and RD structure facilitate FDI knowledge spillovers to local firm innovation? a panel threshold approach

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Abstract This paper examines how local firms’ structure of human capital and RD strategies influence their absorption of FDI knowledge spillovers. Using a unique dataset of Chinese firms in Beijing Zhongguancun Science Park from 2009 to 2015, our panel endogenous threshold models confirm two thresholds for human capital diversity and one threshold for RD diversity in facilitating FDI spillovers. When human capital diversity is below its second threshold, FDI presence positively influences local firms’ innovation performance; while above the second threshold, the FDI turns to an insignificant impact. Besides, when RD diversity is below its single threshold, FDI spillovers are positively associated with local firms’ innovation; otherwise, the effect of FDI is insignificantly negative. Our findings highlight the importance of human capital and RD structures in local firms’ absorptive capacity. Local organizations need to keep diversifying their human capital and RD strategies to learn from FDI knowledge but avoid allocating their efforts evenly upon sub-categories within the two resources.

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