China's Outward Direct Investment in Africa
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2011
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 13/2011
SSRN
In: Pacific economic review, Band 14, Heft 3, S. 312-341
ISSN: 1468-0106
Abstract. We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China's investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence that: (i) both market‐seeking and resource‐seeking motives drive China's ODI; (ii) Chinese exports to developing countries induce China's ODI; (iii) China's international reserves promote its ODI; and (iv) Chinese capital tends to agglomerate among developed economies but diversify among developing economies. Similar results are obtained using alternative ODI data. We do not find substantial evidence that China invests in African and oil‐producing countries mainly for their natural resources.
In: Politická ekonomie: teorie, modelování, aplikace, Band 52, Heft 1, S. 35-47
ISSN: 2336-8225
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In: Politická ekonomie: teorie, modelování, aplikace, Band 52, Heft 1, S. 35-47
ISSN: 0032-3233
In: China: CIJ ; an international journal, Band 1, Heft 2, S. 273-301
ISSN: 0219-8614
China has become a capital-surplus economy and its overseas investment has grown apace. Although its outward investment is still small in absolute terms, especially compared to the huge inward flow, China's overseas enterprises have been quietly gaining importance as new sources of international capital. They are now globally diversified and involved in a wide variety of sectors, including banking, manufacturing and natural resource exploitation. In the coming years, Chinese outward investment is expected to accelerate. The free trade agreement signed between ASEAN and China will no doubt intensify Chinese outward investment to the region.
In: China: CIJ ; an international journal, Band 1, Heft 2, S. 273-301
ISSN: 0219-7472
World Affairs Online
In: Asian Economic Policy Review, Band 9, Heft 2, S. 227-249
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2009
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In: CESifo Working Paper Series No. 2621
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2012
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In: Journal of institutional and theoretical economics: JITE, Band 132, Heft 3, S. 501-522
ISSN: 0932-4569
In: China economic review, Band 33, S. 35-49
ISSN: 1043-951X
In: Pacific economic review, Band 21, Heft 1, S. 72-83
ISSN: 1468-0106
AbstractChina is currently the third largest country in terms of outward direct investment (ODI), with the investors mainly being state‐owned enterprises. This presents a question: What inhibits private enterprises from increasing ODI? Using a firm‐level panel data set for Zhejiang Province in China, we examine the impact of firm heterogeneity on private firm ODI. We have three main findings: first, a higher productivity level contributes to better access to ODI, and increases ODI value as well; second, lowering a firm's financial constraint level can increase both the probability and volume of ODI; third, productivity cannot offset the negative effect of financial constraint on private firm ODI.
In: Asian Development Review, Band 30 No. 1, S. 85-107
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