Can China's Outward FDI be explained by general FDI theory?
(2011) NEKM04 20111Department of Economics
- Abstract
- China's surging OFDI has been a prominent phenomenon since the start of 20th century. As China's economic growth is widely received as following a unique path, a question arises immediately---does Chinese outward investment also follows a distinctive pattern which can only be explained by special theories? This paper analyzes the determinants of Chinese OFDI by adopting Random Effects FGLS estimation technique using MOFCOM's data on China's OFDI from 2003 to 2009. Our result shows that Chinese OFDI can well be accommodated within established FDI theoretical framework, with market and natural resources-seeking motivations being the major determinants. Our extended specification suggests that China's OFDI is mainly driven by economic... (More)
- China's surging OFDI has been a prominent phenomenon since the start of 20th century. As China's economic growth is widely received as following a unique path, a question arises immediately---does Chinese outward investment also follows a distinctive pattern which can only be explained by special theories? This paper analyzes the determinants of Chinese OFDI by adopting Random Effects FGLS estimation technique using MOFCOM's data on China's OFDI from 2003 to 2009. Our result shows that Chinese OFDI can well be accommodated within established FDI theoretical framework, with market and natural resources-seeking motivations being the major determinants. Our extended specification suggests that China's OFDI is mainly driven by economic interests instead of political goals. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1963296
- author
- Chan, Yim Ting Amy LU and Chan, Shiu Hong
- supervisor
-
- Sonja Opper LU
- organization
- course
- NEKM04 20111
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- China OFDI, Outward foreign direct investment, determinants
- language
- English
- id
- 1963296
- date added to LUP
- 2011-06-17 11:28:29
- date last changed
- 2011-06-17 11:28:29
@misc{1963296, abstract = {{China's surging OFDI has been a prominent phenomenon since the start of 20th century. As China's economic growth is widely received as following a unique path, a question arises immediately---does Chinese outward investment also follows a distinctive pattern which can only be explained by special theories? This paper analyzes the determinants of Chinese OFDI by adopting Random Effects FGLS estimation technique using MOFCOM's data on China's OFDI from 2003 to 2009. Our result shows that Chinese OFDI can well be accommodated within established FDI theoretical framework, with market and natural resources-seeking motivations being the major determinants. Our extended specification suggests that China's OFDI is mainly driven by economic interests instead of political goals.}}, author = {{Chan, Yim Ting Amy and Chan, Shiu Hong}}, language = {{eng}}, note = {{Student Paper}}, title = {{Can China's Outward FDI be explained by general FDI theory?}}, year = {{2011}}, }