Feng, Ling; Ge, Lulan - In: International studies of economics 17 (2022) 3, pp. 311-333
Using a country-level panel data set of China's outward foreign direct investment (OFDI) during 2003-2015, we find that China increases its direct investment in an economy endowed with natural resources, which increases the exports of the resources to China. Facilitated by the industry-level...