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Please use this identifier to cite or link to this item: http://hdl.handle.net/10202/425

Title: What determines Chinese outward FDI?
Authors: Kolstad, Ivar
Wiig, Arne
Keywords: FDI
China
Institutions
Natural resources
Issue Date: 2009
Publisher: Chr. Michelsen Institute
Series/Report no.: CMI Working paper
WP 2009: 3
Abstract: Chinese outward foreign direct investment (FDI) has increased substantially in recent years. Though this has generated considerable interest in the motivations and drivers of Chinese investment abroad, there have been few systematic empirical studies of these questions. This paper performs an econometric analysis of the host country determinants of Chinese outward FDI in the period 2003-2006. The focus is in particular on institutional and natural resource-related determinants, and their interaction. We find that Chinese outward FDI is attracted to large markets, and to countries with a combination of large natural resources and poor institutions. Disaggregation shows that the former effect is related to OECD countries, whereas the latter interaction effect holds for non-OECD countries.
URI: http://hdl.handle.net/10202/425
ISBN: 978-82-8062-336-2
ISSN: 1890-5048
Appears in Collections:CMI Collection (Reports, Working Papers, Articles etc.)

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