随着2006年服务业全面对外开放，广东服务业FDI流入开始增速，到2008年服务业吸引外商直接投资(FDI)已超过制造业。本文从服务业FDI知识溢出的视角，利用2004~2011年北京、上海、广州的面板数据，区分商贸流通和信息技术，实证检验生产性服务业FDI流入对整体制造业企业效率、内资企业和外资企业效率的影响。结果表明，既有效率的影响具有连续性，制造业效率主要为外资企业所拉动；外资企业更倚重本土人才；在信息技术领域，外资流入有利于强化竞争，促进国内市场发育，但也会加大知识反向溢出和人才流失的趋势，使技术存量更多成为外商投资的区位优势。研究发现：制造企业的效率提升更需依赖服务。结论包含的政策含义：政府应加大对配套服务的投入；在缺乏配套政策的前提下，服务领域过度开放可能会产生不利后果；在能够支撑本土消费的品牌优势和区位优势的前提下，商贸流通业应成为率先开放的服务行业。
:Hastened by open of services industry since 2006,inward capitals in line grow annually and exceed that in manufacturing in 2008.By distinguishing commercial circulation and information technology sector and by utilizing panel data of 2004 and 2011 in Pecking,Shanghai and Guangzhou,we empirically examine the impact of producer service on productivity of whole,local or foreign owned manufacturer based on FDI spillover.Results show that,manufacturing efficiency mostly driven by foreign entities employing more local talents has continuous impact.In the field of information technology,fierce competition driven by inward entities make local consumption and local market become attractive to foreigner,while also make reverse know-how spillover even more frequent.Know-how stocks become main cause of foreign investment.To improve efficiency,manufacturers are more dependent on services rather than capital itself.Government should support service development.Only when infrastructure advantages,for example,brands reputation,established to absorb local consumer,commerce and circulation industry may take the lead in opening.
