This study aims to investigate the relationship between China's exchange rate, foreign direct investment (FDI) inflows … between FDI inflows and economic development on an aggregate level both in the long and short run. The results of the Granger … crises and RMB exchange rate policy fluctuations also confirmed the growth enhancing impact of the exchange rate and FDI …

In this article we depart from the classic model of foreign direct investment (FDI) determinants and examine the effect … of socio-historical factors on FDI. We argue that past foreign aid projects confer social capital that constitutes … country has accumulated more social capital. We use new data on China's historical aid in Africa to test these contentions …

remain, including those emerging from persistent infrastructure deficits. China has emerged as a key partner to a number of … African countries, including in financing and constructing large-scale infrastructure projects. China has become the dominant … trading partner with Africa today, with bilateral trade and foreign direct investment (FDI) growing fourfold between 2001 and …

inflow of Chinese FDI to Africa matters for bridging the continent's marked income inequality gap, (ii) Africa …'s institutional fabric is effective in propelling Chinese FDI towards the equalisation of incomes in Africa, and (iii) there exist … relevant threshold levels required for the various governance dynamics to cause Chinese FDI to equalise incomes in Africa. Our …