What Drives China's Outward Direct Investment: The Roles of Economic and Political Factors

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Title:	What Drives China's Outward Direct Investment: The Roles of Economic and Political Factors
Authors:	Yang, Chih-Hai;Cheng, Mei-Chun;Lin, Chun-Hung;林俊宏
Contributors:	淡江大學產業經濟學系
Keywords:	FDI;energy;political risk;China;F21;F23;F50;O32;P45
Date:	2015-10-20
Issue Date:	2013-09-16 10:44:36 (UTC+8)
Publisher:	Akademiai Kiado Rt.
Abstract:	This study examines the determinants of China’s outward direct investment (ODI) between 2003 and 2009. We first analyse the structure and dynamics of ODI. We propose three testable hypotheses including technology sourcing, resource seeking, and political linkage. Various estimates show that technology sourcing is supported moderately, whereas resource seeking serves one of primary driving forces. Crucially, the motive of political linkage is significantly related to ODI and it is particularly relevant to developing destinations. This finding indicates that China tends to invest in developing countries with high political risk, which is in contrast with the prediction of the FDI theory. Furthermore, a developing country with high political risk seems to be the favoured destination for China’s ODI to acquire technologies and resources.
Relation:	Acta Oeconomica 65(3), pp.413–453
DOI:	10.1556/032.65.2015.3.5
Appears in Collections:	[Graduate Institute & Department of Industrial Economics] Journal Article

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