The determinants of China’s outward foreign direct investment: a vector error correction model analysis of coastal and landlocked countries

ABSTRACT: An essential objective of China’s outward foreign direct investment (OFDI) is to expand international trade and access to overseas markets to garner resources and improve transportation routes. This study identifies the determinants of China’s OFDI activities in the short and long term, focusing on 138 countries that are part of China’s Belt and Road Initiative (BRI). It is the first study to evaluate the system’s contribution of location determinants, including the four factors of economy, logistics, energy, and politics, to China’s OFDI by employing a vector error correction model with panel data from 2007 to 2019. In addition, we compare the influence of the variables in coastal and landlocked countries. Panel Granger causality and impulse response tests, variance decomposition, and for

SUBMITTER: Liu Y 

PROVIDER: S-EPMC9076501 | biostudies-literature | 2022 May

REPOSITORIES: biostudies-literature