Two-Way FDI Coordinated Development Promotes Efficient and Balanced Development of Regional Technological Innovation Activities

Abstract

As an important path to promote the transmission of international knowledge and technology, the impact of two-way FDI coordinated development on one country’s technological innovation efficiency deserves in-depth exploration. This study uses the fixed effect panel stochastic frontier analysis model and the coupled coordination model to measure the technological innovation efficiency and the two-way FDI coordinated development level of China’s 31 provincial administrative regions from 2011 to 2021, and uses the fixed effect panel least squares regression model, the fixed effect panel quantile regression model, the Moran’s index model, the fixed effect spatial Durbin panel model and the fixed effect panel β convergence model to test the impact of two-way FDI coordinated development on technological innovation efficiency. The results show that two-way FDI coordinated development can directly and significantly promote the improvement of technological innovation efficiency in the province, and with the improvement of technological innovation efficiency, the promoting effect of twoway FDI coordinated development has also become stronger. In addition, two-way FDI coordinated development can also indirectly generate significant positive spatial spillover effects on the technological innovation efficiency of neighboring provinces, narrow the technological innovation efficiency gap between regions, and thereby promote the efficient and balanced development of regional technological innovation activities. The research conclusions reveal the positive impact of two-way FDI coordinated development on the efficient and balanced development of regional technological innovation activities, which has enlightening significance for building a strong country in science and technology.