Empirical Study on the Influence of RCEP Countries’ Trade Facilitation Level on China's OFDI

Wanting Sun () and Lixin Ye
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Wanting Sun: Nanjing University of Science and Technology, School of Economics and Management
Lixin Ye: Nanjing University of Science and Technology, School of Economics and Management

A chapter in Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), 2023, pp 1461-1469 from Springer

Abstract: Abstract The study builds a trade facilitation measurement system by selecting 4 primary indicators and 15 secondary indicators to measure RCEP countries’ trade facilitation level. Then, establishing a panel fixed effect model to study the influence of RCEP countries’ trade facilitation level on China's OFDI, with comprehensive indicators of trade facilitation as explanatory variables and GDP of the host country and exchange rate level between countries as control variables. It is found that the RCEP countries’ trade facilitation level can promote China's OFDI significantly. Therefore, China should strengthen economic and trade cooperation with organizational members, actively promote the infrastructure construction of countries with relatively background RCEP trade facilitation level, deepen financial business cooperation, and promote the investment of Chinese enterprises in RCEP countries.

Keywords: Trade facilitation level; Outward foreign direct investment (OFDI); RCEP countries (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-098-5_166

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DOI: 10.2991/978-94-6463-098-5_166

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