FDI spillovers in the Chinese hotel industry: The role of geographic regions,star-rating classifications,ownership types,and foreign capital origins |
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| Institution: | 1. The Collins College of Hospitality Management, California State Polytechnic University, Pomona, Pomona, CA, USA;2. School of Tourism and Hospitality Management, Temple University, Philadelphia, PA, USA;1. Master in Economics and Tourism and Dondena Center for Research on Social Dynamics, Bocconi University, via Röntgen, 1, 20136, Milan, Italy;2. Dipartimento di Economia, studi giuridici e aziendali, IULM University, Via Carlo Bo, 1, I – 20143, Milan, Italy;1. Australian Institute of Business (AIB), 27 Currie Street, Adelaide, SA, 5000, Australia;2. School of Management, University of South Australia, GPO Box 2471, Adelaide, SA, 5001, Australia;1. School of Economics and Management, Wuyi University, Jiangmen, Guangdong 529020, China;2. School of Hotel & Restaurant Administration, Oklahoma State University, Stillwater, OK 74078, USA;3. Business School, Sun Yat-sen University, China;4. School of Management, Xiamen University, China;5. Department of Marketing, University of Wisconsin–Whitewater, Whitewater, WI 53190, USA |
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| Abstract: | Although productivity spillovers have long been recognized to be a major benefit of foreign direct investment (FDI), such spillovers have not yet been systematically studied in the context of the hotel industry. This paper investigates hotel-related FDI spillover effects as well as moderating factors (geographic region, star rating classification, ownership type and foreign capital origin) in China. Evidence from province-level panel data reveals the existence and significance of intra-industry spillovers from foreign to domestic hotels in China, although the nature and magnitude vary based on different moderating factors. Domestic hotels in eastern and western China and those with alliance and limited liability ownership structures benefit significantly from productivity spillovers. Foreign-invested three-star hotels transfer a significant amount of positive productivity, whereas domestic three- and five-star hotels benefit the most from productivity spillovers. Moreover, foreign-invested hotels from Hong Kong, Macau, and Taiwan (HMT) and non-HMT countries generate positive spillovers of similar magnitudes. |
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| Keywords: | Foreign direct investment (FDI) Productivity spillovers Chinese hotel industry Hong Kong Macau and Taiwan (HMT) investment |
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