Belt and road initiative and Chinese firms' outward foreign direct investment

Shu Yu, Xingwang Qian and Taoxiong Liu

Emerging Markets Review, 2019, vol. 41, issue C

Abstract: This paper studies the impact of China's “Belt and Road Initiative” (BRI) on Chinese firms' outward foreign direct investment (OFDI). Overall, the BRI positively impacts on Chinese OFDI activities. However, both the direction and the magnitude of this impact depend on the host countries' willingness to participate in the BRI. The BRI promotes more OFDI to developing countries that welcome China's economic engagement and alters the effect of Chinese domestic push factors on its OFDI patterns. In addition, Chinese firms in construction and infrastructure, manufacturing, and trade-related sectors are more responsive to the BRI than firms in other sectors.

Keywords: Belt and road initiative; Outward FDI (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (44)

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Related works:
Working Paper: Belt and Road Initiative and Chinese Firms’ Outward Foreign Direct Investment (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:41:y:2019:i:c:s1566014118303467

DOI: 10.1016/j.ememar.2019.100629

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