Skip navigation

What drives China’s outward FDI? A regional analysis

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 [Working Paper] (Unpublished)

[img]
Preview
PDF (Discussion Paper)
21414 YOU_What_Drives_China’s_Outward_FDI_2015.pdf - Updated Version

Download (569kB) | Preview

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
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

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics