What Drives China's Outward Direct Investment: The Roles of Economic and Political Factors
學年 104
學期 1
出版(發表)日期 2015-10-20
作品名稱 What Drives China's Outward Direct Investment: The Roles of Economic and Political Factors
作品名稱(其他語言)
著者 Yang, Chih-Hai; Cheng, Mei-Chun; Lin, Chun-Hung; 林俊宏
單位 淡江大學產業經濟學系
出版者 Budapest: Akademiai Kiado Rt.
著錄名稱、卷期、頁數 Acta Oeconomica 65(3), pp.413–453
摘要 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.
關鍵字 FDI; energy; political risk; China; F21; F23; F50; O32; P45
語言 en
ISSN 0001-6373;1588-2659
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 HUN
公開徵稿
出版型式 ,電子版,紙本
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