Chinese outward direct investment: a study on macroeconomic determinants

William X. Wei and Ilan Alon

International Journal of Business and Emerging Markets, 2010, vol. 2, issue 4, 352-369

Abstract: On the basis of Dunning's Investment Development Path (IDP) hypothesis, this paper tests the macroeconomic determinants of Chinese Offshore Direct Investment (ODI) from a home-country perspective. We review the recent firm- and country-level studies on determinants of Chinese ODI. We propose a model and test seven home-country macroeconomic variables as determinants of Chinese ODI. Our results reveal that the macroeconomic variables such as interest rate, exchange rate, import and foreign reserve are important determinants of Chinese outward Foreign Direct Investment (FDI).

Keywords: business; emerging markets; offshore direct investment; outward direct investment; China; FDI; foreign direct investment; Chinese ODI; macroeconomic determinants; empirical analysis; investment development path. (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbema:v:2:y:2010:i:4:p:352-369

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