To investigate the expectations in high-tech and low-tech industries and the position to
enhance the spillovers in the supply chain through the import channel, columns (4) and (5) report
the estimated results for high-tech and low-tech sectors, respectively. First, as predicted, the
coefficient of the interaction term (FDI_down_impt*time) is the largest in magnitude. It is
statistically significant at the 1 percent level for domestic firms in high-tech industries but is