EMPIRICS OF CHINA'S OUTWARD DIRECT INVESTMENT
We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China's investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence that: (i) both market-seeking and resource-seeking motives drive China's ODI; (ii) Chinese exports to developing countries induce China's ODI; (iii) China's international reserves promote its ODI; and (iv) Chinese capital tends to agglomerate among developed economies but diversify among developing economies. Similar results are obtained using alternative ODI data. We do not find substantial evidence that China invests in African and oil-producing countries mainly for their natural resources. Copyright 2009 The Authors. Journal compilation 2009 Blackwell Publishing Asia Pty Ltd
Year of publication: |
2009
|
---|---|
Authors: | Cheung, Yin-Wong ; Qian, Xingwang |
Published in: |
Pacific Economic Review. - Wiley Blackwell. - Vol. 14.2009, 3, p. 312-341
|
Publisher: |
Wiley Blackwell |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The empirics of China's outward direct investment
Cheung, Yin-Wong, (2009)
-
Capital flight: China's experience
Cheung, Yin-Wong, (2010)
-
The empirics of China’s outward direct investment
Cheung, Yin-Wong, (2009)
- More ...