A critical revision of the empirical literature on Chinese outward investment: A new proposal

Panoeconomicus

关键词: China;    outward foreign direct investment;    multinational enterprises;   

DOI  :  10.2298/PAN1105715R

来源: DOAJ

【 摘 要 】

Research on China’s role in the globalization of economic activity focusesmainly on its involvement in trade and on its competitiveness as amanufacturing location for foreign investors. However, since the mid-1990sChina’s outward foreign direct investment (OFDI) has become an important partof its integration into the global economy. This dimension is poorlyunderstood, and few empirical studies about the drivers behind Chinese OFDIhave been published thus far. After reviewing critically the empiricalliterature, which provides ambiguous results about the explanatory power ofsome of the large list of determinants put forward, we aim to provide a moreaccurate description of the motives behind Chinese OFDI. Using a panel dataapproach for the period 1995 to 2009 and for a large host country sample, weidentify some key drivers. We find that host market size, natural resourcesand FDI openness are of paramount relevance. However, the asset seekinghypothesis is not confirmed.

【 授权许可】

Unknown