{"id":"https://openalex.org/W3012018747","doi":"https://doi.org/10.1016/j.techfore.2020.119974","title":"Financial development, OFDI spillovers and upgrading of industrial structure","display_name":"Financial development, OFDI spillovers and upgrading of industrial structure","publication_year":2020,"publication_date":"2020-03-18","ids":{"openalex":"https://openalex.org/W3012018747","doi":"https://doi.org/10.1016/j.techfore.2020.119974","mag":"3012018747"},"language":"en","primary_location":{"id":"doi:10.1016/j.techfore.2020.119974","doi":"https://doi.org/10.1016/j.techfore.2020.119974","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.techfore.2020.119974","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0040162519321353/pdf","source":{"id":"https://openalex.org/S39307421","display_name":"Technological Forecasting and Social Change","issn_l":"0040-1625","issn":["0040-1625","1873-5509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-3","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Technological Forecasting and Social Change","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.sciencedirect.com/science/article/pii/S0040162519321353/pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102353532","display_name":"Mingrui Jiang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I905225518","display_name":"Shanghai University of International Business and Economics","ror":"https://ror.org/031t68441","country_code":"CN","type":"education","lineage":["https://openalex.org/I905225518"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Mingrui Jiang","raw_affiliation_strings":["School of Business, Shanghai University of International Business and Economics, Shanghai, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Shanghai University of International Business and Economics, Shanghai, China","institution_ids":["https://openalex.org/I905225518"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5102311118","display_name":"Sumei Luo","orcid":"https://orcid.org/0000-0001-6400-8093","observed_orcids":["https://orcid.org/0000-0001-6400-8093"]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Sumei Luo","raw_affiliation_strings":["School of Finance, Shanghai University of Finance and Economics, Shanghai, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance, Shanghai University of Finance and Economics, Shanghai, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5002485107","display_name":"Guangyou Zhou","orcid":"https://orcid.org/0000-0001-9466-1851","observed_orcids":["https://orcid.org/0000-0001-9466-1851"]},"institutions":[{"id":"https://openalex.org/I24943067","display_name":"Fudan University","ror":"https://ror.org/013q1eq08","country_code":"CN","type":"education","lineage":["https://openalex.org/I24943067"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guangyou Zhou","raw_affiliation_strings":["School of Economics, Fudan University, Shanghai, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics, Fudan University, Shanghai, China","institution_ids":["https://openalex.org/I24943067"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5102311118"],"corresponding_institution_ids":["https://openalex.org/I181679659"],"apc_list":{"value":1300,"currency":"USD","value_usd":1300},"apc_paid":{"value":1300,"currency":"USD","value_usd":1300},"fwci":21.3329,"has_fulltext":true,"cited_by_count":194,"citation_normalized_percentile":{"value":0.99429495,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":"155","issue":null,"first_page":"119974","last_page":"119974"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/outward-foreign-direct-investment","display_name":"outward foreign direct investment","score":0.9810000061988831},{"id":"https://openalex.org/keywords/technology-spillovers","display_name":"technology spillovers","score":0.9150000214576721},{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.8600000143051147},{"id":"https://openalex.org/keywords/absorptive-capacity","display_name":"absorptive capacity","score":0.8980000019073486},{"id":"https://openalex.org/keywords/industrial-upgrading","display_name":"industrial upgrading","score":0.9879999756813049},{"id":"https://openalex.org/keywords/financial-deepening","display_name":"financial deepening","score":0.9089999794960022},{"id":"https://openalex.org/keywords/regional-heterogeneity","display_name":"regional heterogeneity","score":0.9079999923706055},{"id":"https://openalex.org/keywords/chinese-provinces","display_name":"Chinese provinces","score":0.503000020980835}],"concepts":[{"id":"https://openalex.org/C2777724570","wikidata":"https://www.wikidata.org/wiki/Q4669907","display_name":"Absorptive capacity","level":2,"score":0.8973281383514404},{"id":"https://openalex.org/C55527203","wikidata":"https://www.wikidata.org/wiki/Q334194","display_name":"Spillover effect","level":2,"score":0.7538865804672241},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.7099390625953674},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.6689429879188538},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5488893389701843},{"id":"https://openalex.org/C26271046","wikidata":"https://www.wikidata.org/wiki/Q187097","display_name":"Economic geography","level":1,"score":0.46413418650627136},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.45996007323265076},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.44949764013290405},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.44908708333969116},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4073610305786133},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.31773239374160767},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.15515509247779846},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.12950804829597473},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.06213247776031494},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.techfore.2020.119974","doi":"https://doi.org/10.1016/j.techfore.2020.119974","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.techfore.2020.119974","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0040162519321353/pdf","source":{"id":"https://openalex.org/S39307421","display_name":"Technological Forecasting and Social Change","issn_l":"0040-1625","issn":["0040-1625","1873-5509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-3","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Technological Forecasting and Social Change","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:tefoso:v:155:y:2020:i:c:s0040162519321353","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0040162519321353","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.techfore.2020.119974","doi":"https://doi.org/10.1016/j.techfore.2020.119974","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.techfore.2020.119974","pdf_url":"https://www.sciencedirect.com/science/article/pii/S0040162519321353/pdf","source":{"id":"https://openalex.org/S39307421","display_name":"Technological Forecasting and Social Change","issn_l":"0040-1625","issn":["0040-1625","1873-5509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-3","ki-jl-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Technological Forecasting and Social Change","raw_type":"journal-article"},"sustainable_development_goals":[{"score":1.0,"id":"https://metadata.un.org/sdg/9","display_name":"Industry, innovation and infrastructure"},{"score":0.833299994468689,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[{"id":"https://openalex.org/G3622501326","display_name":"\u4e92\u8054\u7f51\u91d1\u878d\u521b\u65b0\u3001\u7535\u5b50\u8d27\u5e01\u66ff\u4ee3\u4e0e\u8d27\u5e01\u4f9b\u7ed9\u51b3\u5b9a\u673a\u5236\u7814\u7a76","funder_award_id":"71573050","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G5881607302","display_name":"\u5916\u6c47\u50a8\u5907\u8d44\u4ea7\u7684\u591a\u76ee\u6807\u4f18\u5316\u53ca\u52a8\u6001\u6295\u8d44\u7ec4\u5408\u7814\u7a76","funder_award_id":"71573170","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3012018747.pdf","grobid_xml":"https://content.openalex.org/works/W3012018747.grobid-xml"},"referenced_works_count":56,"referenced_works":["https://openalex.org/W155021635","https://openalex.org/W427603161","https://openalex.org/W1843376627","https://openalex.org/W1863802361","https://openalex.org/W1957384063","https://openalex.org/W1975894923","https://openalex.org/W1976040628","https://openalex.org/W1981556237","https://openalex.org/W1986284388","https://openalex.org/W1990750260","https://openalex.org/W2005144066","https://openalex.org/W2029071885","https://openalex.org/W2029218497","https://openalex.org/W2035554302","https://openalex.org/W2050672909","https://openalex.org/W2051438039","https://openalex.org/W2057788244","https://openalex.org/W2066624182","https://openalex.org/W2078622065","https://openalex.org/W2081908573","https://openalex.org/W2082579709","https://openalex.org/W2093030468","https://openalex.org/W2098708459","https://openalex.org/W2104554784","https://openalex.org/W2111319311","https://openalex.org/W2118589258","https://openalex.org/W2127912825","https://openalex.org/W2140071630","https://openalex.org/W2144357229","https://openalex.org/W2155415075","https://openalex.org/W2159437739","https://openalex.org/W2270783961","https://openalex.org/W2343759066","https://openalex.org/W2371094307","https://openalex.org/W2477731854","https://openalex.org/W2773722155","https://openalex.org/W2793843441","https://openalex.org/W2886152076","https://openalex.org/W2886351347","https://openalex.org/W2890141896","https://openalex.org/W2910166507","https://openalex.org/W2945097686","https://openalex.org/W3024792924","https://openalex.org/W3121403162","https://openalex.org/W3122809592","https://openalex.org/W3123888140","https://openalex.org/W3123986676","https://openalex.org/W3124218595","https://openalex.org/W3124376267","https://openalex.org/W3124803532","https://openalex.org/W3125794554","https://openalex.org/W3126135570","https://openalex.org/W3144532782","https://openalex.org/W3146672660","https://openalex.org/W3151332832","https://openalex.org/W4249860845"],"related_works":["https://openalex.org/W3040384277","https://openalex.org/W2378683861","https://openalex.org/W2792873436","https://openalex.org/W4312084429","https://openalex.org/W3175937356","https://openalex.org/W2371111996","https://openalex.org/W2621368933","https://openalex.org/W2364558838","https://openalex.org/W1964556682","https://openalex.org/W2809152229"],"abstract_inverted_index":{"Technology":[0],"spillovers":[1,56],"from":[2,122],"outward":[3],"foreign":[4],"direct":[5],"investment":[6],"(OFDI)":[7],"have":[8,109],"the":[9,13,26,30,37,54,59,66,70,84,90,110,120],"significant":[10],"impcat":[11],"on":[12,25,69,89,116],"industrial":[14,91],"structure":[15,92],"in":[16,76,95,101,124,127],"emerging":[17],"economies":[18],"and":[19,57,132,141],"to":[20,64,139],"what":[21],"extent":[22],"they":[23],"depend":[24],"absorptive":[27,48,104],"capacity":[28,49],"of":[29,39,61,73,86,103,112,136],"home":[31],"country.":[32],"This":[33],"study":[34],"specifically":[35],"investigates":[36],"issue":[38],"how":[40],"financial":[41,117,133],"development":[42],"as":[43],"a":[44],"key":[45],"factor":[46],"reflecting":[47],"affects":[50],"OFDI":[51,88,123,140],"spillovers,":[52],"especially":[53],"technology":[55],"uses":[58],"method":[60],"threshold":[62,114],"regression":[63],"verify":[65],"analysis,":[67],"based":[68,115],"panel":[71],"data":[72],"31":[74],"provinces":[75],"China":[77,128],"(2008\u20132016).":[78],"The":[79],"results":[80],"suggest":[81],"that,":[82],"first,":[83],"effects":[85,108],"China's":[87],"are":[93,129],"positive":[94],"general":[96],"but":[97],"show":[98],"regional":[99],"heterogeneity":[100],"terms":[102],"capacity.":[105],"Second,":[106],"such":[107],"characteristics":[111],"double":[113],"development.":[118],"Moreover,":[119],"benefits":[121],"most":[125],"provices":[126],"still":[130],"limited":[131],"deepening":[134],"is":[135],"great":[137],"significance":[138],"its":[142],"spillover":[143],"effects.":[144]},"counts_by_year":[{"year":2026,"cited_by_count":17},{"year":2025,"cited_by_count":30},{"year":2024,"cited_by_count":45},{"year":2023,"cited_by_count":45},{"year":2022,"cited_by_count":28},{"year":2021,"cited_by_count":25},{"year":2020,"cited_by_count":4}],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2020-03-23T00:00:00"}
