Institutional difference and outward FDI: evidence from China

被引：28
|
作者：
Li, Chengchun [1 ]
Luo, Yun [2 ]
De Vita, Glauco [2 ]
机构：
[1] Changzhou Univ, Sch Business, Gehu Middle Rd, Changzhou 213164, Jiangsu, Peoples R China
[2] Coventry Univ, Ctr Business Soc, Priory St, Coventry CV1 5FB, W Midlands, England
来源：
EMPIRICAL ECONOMICS | 2020年 / 58卷 / 04期
关键词：
Institutional difference; Outward foreign direct investment; Gravity model; China; EXCHANGE-RATE REGIMES; DEVELOPING-COUNTRIES; DETERMINANTS; INVESTMENT; CORRUPTION; GLOBALIZATION; INFLOWS; GROWTH;
D O I：
10.1007/s00181-018-1564-y
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the impact of institutional difference on China's outward foreign direct investment (OFDI) through a gravity model. Our estimations are based on a large panel of 150 countries over the period 2003-2015. The results show that the institutional differences of government effectiveness and control of corruption between China and a host country have a statistically significant negative effect on China's OFDI. In addition, our empirical evidence suggests that the 'One Belt, One Road' policy does not have the expected positive effect on China's OFDI. Consistent results are obtained from a set of robustness tests. Our findings provide a reasonable guideline for countries aiming to attract Chinese OFDI or seeking factors to boost it.
引用
收藏
页码：1837 / 1862
页数：26
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