Public participation, investment networks, and China's outward FDI: Evidence from 58 countries along the belt and road

Dongkun Li, Xiaohong Chen and Paul Wohlfarth

Emerging Markets Review, 2022, vol. 51, issue PB

Abstract: We estimate the effect of public participation in host countries on Chinese outward FDI (OFDI) for a panel of 58 countries along the Belt and Road from 2004 to 2019 in a Heckman selection model. Our model captures effects along both, extensive and intensive margins. We find that public participation, and the differences between public participation in home and host countries, significantly affect Chinese OFDI. Effects are sensitive to the presence of access to local investment networks and change after the introduction of the Belt and Road Initiative.

Keywords: Public participation; Investment networks; OFDI; Belt and road (search for similar items in EconPapers)
JEL-codes: F13 F15 O10 O53 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:51:y:2022:i:pb:s1566014122000048

DOI: 10.1016/j.ememar.2022.100887

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