Abstract：According to the endogenous technological progress model,this paper analyzes the impact of outward foreign direct investment on innovation efficiency theoretically,and uses the stochastic frontier analysis method of surpassing logarithmic production function to measure the innovation efficiency of China's provincial level.Based on the data of 31 provinces (municipalities and autonomous regions)in China during 2003—2019,the paper empirically tests the impact of outward foreign direct investment on China's regional innovation efficiency,identifies the mechanism of outward foreign direct investment affecting China's regional innovation efficiency.It is found that with the increase of outward foreign direct investment,innovation efficiency continues to improve,and outward foreign direct investment improves China's regional innovation efficiency.The test results of intermediary effect show that outward foreign direct investment promotes the regional innovation efficiency of China through human capital effect and opening-up effect.After considering the endogeneity,changing the calculation method of innovation efficiency and eliminating the outliers,the core conclusion is still robust.Therefore,it is necessary to expand the scale of outward foreign direct investment and improve the quality of outward foreign direct investment,so as to stimulate regional innovation vitality and enhance innovation efficiency.
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