How green is the "Belt and Road Initiative"? - Evidence from Chinese OFDI in the energy sector

被引:83
|
作者
Liu, Haiyue [1 ]
Wang, Yile [1 ]
Jiang, Jie [1 ]
Wu, Peng [1 ]
机构
[1] Sichuan Univ, Business Sch, Chengdu, Peoples R China
关键词
Energy sector; Chinese OFDI; The belt and road; FOREIGN DIRECT-INVESTMENT; ECONOMIC-GROWTH; UNITED-STATES; LOCATION CHOICE; FINANCIAL DEVELOPMENT; DEVELOPING-COUNTRIES; ENVIRONMENTAL RISKS; EXCHANGE-RATE; CONSUMPTION; EMISSIONS;
D O I
10.1016/j.enpol.2020.111709
中图分类号
F [经济];
学科分类号
02 ;
摘要
From an analysis of 729 completed energy sector outward foreign direct investment (OFDI) deals by Chinese firms from 2005 to 2016, this paper evaluated the Chinese OFDI greening tendencies and the links to host country energy structures and energy efficiency, for which PSM-DID analysis was used to control the influence of endogeneity resulting from that the Belt and Road Initiative (BRI) had a strong policy effect on the greening of Chinese OFDI in the related countries and areas and especially in developing countries. Because the Chinese firms chose to invest in clean energy projects as a result of the new BRI policy framework, this research shed light on the Chinese OFDI policy responses.
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页数:12
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