Economics, Econometrics and Finance
8 years ago

Foreign Investment Boosts Shanghai's Innovation, but Hurts Local Talent

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Fudan Journal
A Research on the Spillover Effects of Foreign-Funded R&D on the Host Technical Innovation:In the Case of Shanghai
WU Jingfang

Paper Summary

The research looked at how foreign-funded research and development (RD) impacts technical innovation in Shanghai. They found that foreign-funded RD has a positive direct effect on Shanghai's economy, RD investment, and new product market. However, the indirect effect is not as strong. Surprisingly, foreign-funded RD has a negative impact on the number of technical development personnel in Shanghai.

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