Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/163002
Title: The determinants of China’s outward foreign direct investment: a vector error correction model analysis of coastal and landlocked countries
Authors: Liu, Yanfeng
Su, Miao
Zhao, Jinjing
Martin, Sally
Yuen, Kum Fai
Lee, Choong‑Bae
Keywords: Engineering::Maritime studies
Issue Date: 2022
Source: Liu, Y., Su, M., Zhao, J., Martin, S., Yuen, K. F. & Lee, C. (2022). The determinants of China’s outward foreign direct investment: a vector error correction model analysis of coastal and landlocked countries. Economic Change and Restructuring. https://dx.doi.org/10.1007/s10644-022-09407-2
Journal: Economic Change and Restructuring
Abstract: An essential objective of China’s outward foreign direct investment (OFDI) is to expand international trade and access to overseas markets to garner resources and improve transportation routes. This study identifies the determinants of China’s OFDI activities in the short and long term, focusing on 138 countries that are part of China’s Belt and Road Initiative (BRI). It is the first study to evaluate the system’s contribution of location determinants, including the four factors of economy, logistics, energy, and politics, to China’s OFDI by employing a vector error correction model with panel data from 2007 to 2019. In addition, we compare the influence of the variables in coastal and landlocked countries. Panel Granger causality and impulse response tests, variance decomposition, and forecast analysis were conducted to analyze and forecast China’ OFDI. The results show that China’s OFDI in both coastal and landlocked countries is statistically sensitive to the variables of economy, energy, logistics, and politics in host countries engaged in the BRI. It also shows that improving logistics infrastructure and the political investment environment in landlocked countries, this can positively attract China’s OFDI.
URI: https://hdl.handle.net/10356/163002
ISSN: 1573-9414
DOI: 10.1007/s10644-022-09407-2
Rights: © 2022 The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
Fulltext Permission: none
Fulltext Availability: No Fulltext
Appears in Collections:CEE Journal Articles

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