Belt and Road Initiative and Chinese Firms’ Outward Foreign Direct Investment

Shu Yu, Xingwang Qian and Taoxiong Liu

No GRU_2019_018, GRU Working Paper Series from City University of Hong Kong, Department of Economics and Finance, Global Research Unit

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)
Pages: 36 pages
Date: 2019-08-10
New Economics Papers: this item is included in nep-cna and nep-int
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Published in Emerging Markets Review, Available online 12 August 2019

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https://www.cb.cityu.edu.hk/ef/doc/GRU/WPS/GRU%232019-018%20Qian.pdf (application/pdf)

Related works:
Journal Article: Belt and road initiative and Chinese firms' outward foreign direct investment (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:cth:wpaper:gru_2019_018

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