Chinese Outward Foreign Direct Investment: Is ASEAN A New Destination?

Nguyen, Thi Tuong Anh; Doan, Quang Hung (May 2016). Chinese Outward Foreign Direct Investment: Is ASEAN A New Destination? (SECO Working Paper Series 6/2016). Bern, Switzerland: SECO, World Trade Institute

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The paper re-investigates the determinants of China’s outward foreign direct investment (OFDI) employing panel data analysis collecting between 2003 and 2014. The results highlight that the market-seeking variables as GDP, GDP Per Capita, and openness to trade have a positive impact on China’s OFDI. In addition, Chinese investors are likely to be not associated with economic growth of host countries. Importantly, the previous studies confirmed that only the rich natural resources and the weak institutions countries attracted China’s OFDI. However, we found out that, in recent years, not only weak institutions but also good institutions with rich natural resources countries attracted China’s OFDI. Moreover, China – ASEAN FTA and cultural proximity between the host country and China both have a significant positive effect of China’s OFDI.

Item Type:

Working Paper

Division/Institute:

02 Faculty of Law > Department of Economic Law > World Trade Institute
10 Strategic Research Centers > World Trade Institute

Subjects:

300 Social sciences, sociology & anthropology > 320 Political science
300 Social sciences, sociology & anthropology > 340 Law
300 Social sciences, sociology & anthropology > 380 Commerce, communications & transportation

Series:

SECO Working Paper Series

Publisher:

SECO, World Trade Institute

Funders:

[UNSPECIFIED] Swiss State Secretariat for Economic Affairs

Projects:

[UNSPECIFIED] SECO/WTI Academic Cooperation Project

Language:

English

Submitter:

Pablo Rahul Das

Date Deposited:

23 Mar 2017 17:10

Last Modified:

20 Feb 2020 08:51

Additional Information:

SECO/WTI Academic Cooperation Project, based at the World Trade Institute of the University of Bern, Switzerland.

BORIS DOI:

10.7892/boris.97936

URI:

https://boris.unibe.ch/id/eprint/97936

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