The impact of third-country effects and economic integration on China's outward FDI |
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| Authors: | Kuang-Hann Chou Chien-Hsun Chen Chao-Cheng Mai |
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| Institution: | a Graduate Institute of Industrial Economics, Tamkang University, 151 Ying Chuan Rd., Tamsui 25137, Taiwanb Chung-Hua Institution for Economic Research, 75 Chang Hsing St., Taipei 10672, Taiwanc Graduate Institute of Industrial Economics, Tamkang University, Taiwand Research Center for Humanities and Social Sciences, Academia Sinica, 128 Sec. 2, Academia Rd., Nankang, Taipei 11529, Taiwan |
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| Abstract: | The study employs a spatial econometric model to explore the impact of third-country effects and economic integration on China's outward FDI (OFDI). The results show that the pattern of China's OFDI tends toward a complex FDI without third-country effects. The degree of economic integration and host country's political risk both have a negative influence on China's OFDI. Furthermore, greater cultural proximity between China and the host country, as well as greater per capita income (market size), both have significant benefits to China's OFDI. The host country's market opportunity has a significant negative effect on China's OFDI. |
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| Keywords: | F200 O530 P330 |
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