How green is the “Belt and Road Initiative”? – Evidence from Chinese OFDI in the energy sector
Haiyue Liu,
Yile Wang,
Jie Jiang and
Peng Wu
Energy Policy, 2020, vol. 145, issue C
Abstract:
From an analysis of 729 completed energy sector outward foreign direct investment (OFDI) deals by Chinese firms from 2005 to 2016, this paper evaluated the Chinese OFDI greening tendencies and the links to host country energy structures and energy efficiency, for which PSM-DID analysis was used to control the influence of endogeneity resulting from missing variables. It was found that Chinese firms tended to invest in green projects when the host countries had better political environments, natural resource endowments and higher energy efficiencies, but lower carbon dioxide intensities, less developed energy structures, technologies and infrastructures. It was also found that the Belt and Road Initiative (BRI) had a strong policy effect on the greening of Chinese OFDI in the related countries and areas and especially in developing countries. Because the Chinese firms chose to invest in clean energy projects as a result of the new BRI policy framework, this research shed light on the Chinese OFDI policy responses.
Keywords: Energy sector; Chinese OFDI; The belt and road (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (13)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301421520304365
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:145:y:2020:i:c:s0301421520304365
DOI: 10.1016/j.enpol.2020.111709
Access Statistics for this article
Energy Policy is currently edited by N. France
More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).