明德经济学研讨会第32期
发文时间:2024-03-30

 间:2024年3月27日14:00-15:30(周三)

 点:明德主楼734

主讲人:马啸(北京大学汇丰商学院助理教授)

主持人:韩松教授

 题:How do Multinational Firms Impact China's Technology?The Role of Quid Pro Quo Policy and Technology Spilovers

■ 讲座简介:

Multinationals play a crucial role in international knowledge diffusion. Given the recent concern that multinationals are departing China, understanding the importance of multinationals for China's technology is also particularly policy-relevant. Using comprehensive patent data from China, we document: (1) multinational affiliates and their foreign parent firms comprise a significant portion of patents filed with China's patent office; and (2) there are subsequent transfers and spillovers of these technologies to domestic firms. Guided by the empirical findings, we develop a quantitative framework of multinational activities featuring cross-country technology flows, transfers, and spillovers. Quantitatively, we find that without multinational production and knowledge spillovers, China's total technology capital would drop by 36%. Furthermore, due to the externalities of multinationals' technology investments, subsidizing multinationals in China will be socially beneficial, and reduced knowledge transfers/spillovers largely amplify the negative effects of multinationals' departing China on both China's GDP and technology.

■  主讲人简介:

马啸,北京大学汇丰商学院助理教授,2023年获世界贸易组织青年经济学家论文奖。2014年毕业于中国人民大学经济学院,获经济学、数学双学位,2016年获中国人民大学经济学院经济学硕士学位,2021年获美国加州大学圣地亚哥分校经济系博士学位。研究兴趣包括国际贸易、宏观发展经济学,经济增长。研究成果发表在Journal of International Economics, The Review of Economics and Statistics, International Economic Review, Journal of Political Economy Macroeconomics (JPE Macro),《经济研究》,《世界经济》等一流杂志。