Is foreign direct investment to China crowding out the foreign direct investment to other countries?

被引:5
|
作者
Resmini, Laura [1 ,2 ]
Siedschlag, Iulia [3 ,4 ]
机构
[1] Univ Milano Bicocca, I-20126 Milan, Italy
[2] Univ Luigi Bocconi, ISLA, Milan, Italy
[3] Natl Inst Econ & Social Res, Dublin, Ireland
[4] Trinity Coll Dublin, Dept Econ, Dublin, Ireland
关键词
Foreign direct investment; China; Multinational firms' location choice; KNOWLEDGE-CAPITAL MODEL; INTERNATIONAL-TRADE; MULTINATIONALS; MARKET; FDI;
D O I
10.1016/j.chieco.2012.12.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
We estimate a theory-based modified gravity model to analyze the effects of foreign direct investment (FDI) to China on FDI to other countries over the period 1990-2004. Our results suggest that on average, ceteris paribus, FDI flows to China have been complementary to FDI flows to other countries. However, these complementarities exhibit a decreasing trend over time and vary between and within country groups. Furthermore, our results suggest that while the FDI to China has encouraged both horizontal and vertical FDI to other countries, these FDI complementarities have been strongest in the case of vertical FDI. (c) 2012 Elsevier Inc. All rights reserved.
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页码:1 / 16
页数:16
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