Abstract
Based on the review of the existing theories and literature and the analysis of the development status and characteristics of Jiangsu’s OFDI, this paper carries out the empirical analysis as follows. The Hansen’s dynamic panel threshold model is applied to measure the threshold effect in terms of research and development(R&D) level, human resources, economic development level, financial development level and economic openness. The results show that there are minimum threshold requirements for other four other absorptive capacity indicators except the R&D level. Meanwhile, there is a ceiling limit threshold for economic development level, financial development level and economic openness, which means when the three indexes develop into moderate scale, the reverse technology spillover effect of OFDI would play a more positive role.
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