Detecting pivotal countries of China's OFDI in the “Belt and Road” initiative: The perspective of similarity of doing business

Xinbei Qian, Liangxiong Huang, Xianbin Wang and Shuqi Wang

International Review of Economics & Finance, 2022, vol. 77, issue C, 296-311

Abstract: From the perspective of similarity of doing business, this paper seeks to find the pivotal countries of China's OFDI in the “Belt and Road” initiative. Based on the Doing Business Index data and macro-location panel data of China's OFDI in 61 countries, six countries are selected as pivotal countries. Further analysis found that proposal of the “Belt and Road” initiative, promotion of China's economic development level, raising of the partnership level and visits of bilateral leaders can make the inflection point forward. Our findings will provide a meaningful reference for deepening the “Belt and Road” initiative.

Keywords: Similarity of doing business; The “Belt and Road” initiative; Pivotal country; Moderating effect (search for similar items in EconPapers)
JEL-codes: F21 F23 F50 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:77:y:2022:i:c:p:296-311

DOI: 10.1016/j.iref.2021.10.007

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