What drives China’s outward FDI? A regional analysis
You, Kefei ORCID: 0000-0001-7253-5838 (2015) What drives China’s outward FDI? A regional analysis. [Working Paper] (Unpublished)
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Abstract
Our study examines home drivers of China’s regional outward FDI. We propose a theoretical framework that incorporates an extended Investment Development Path (IDP) theory, home locational constraints, policy incentives and geographic factors. Empirically, we employ the Bayesian Averaging Maximum Likelihood Estimates method to address model uncertainty. All proposed theories (except for geographic aspects) are found to provide important per-spectives explaining China’s regional outward FDI. Our results highlight the importance of government policies but do not support the original IDP hypothesis that outward investment is automatically generated as income grows. Our findings have implications for both regional and central-government policy.
Item Type: | Working Paper |
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Uncontrolled Keywords: | China, regional outward FDI, home determinants, extended IDP theory, home locational constraints, government policies, Bayesian |
Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance |
Faculty / School / Research Centre / Research Group: | Faculty of Business Faculty of Business > Department of Accounting & Finance |
Last Modified: | 27 Feb 2019 16:01 |
URI: | http://gala.gre.ac.uk/id/eprint/21414 |
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