The Influential Factors on Outward Foreign Direct Investment: Evidence from the ?The Belt and Road?

被引：50
|
作者：
Li, Zhenghui [1 ,2 ]
Huang, Zhehao [1 ,2 ]
Dong, Hao [3 ]
机构：
[1] Guangzhou Int Inst Finance, Guangzhou, Guangdong, Peoples R China
[2] Guangzhou Univ, Guangzhou, Guangdong, Peoples R China
[3] Guangzhou Univ, Sch Econ & Stat, Guangzhou 510006, Guangdong, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2019年 / 55卷 / 14期
关键词：
institutional distance; nonlinear impact; outward foreign direct investment; PSTR; the Belt and Road Initiative; INNOVATION PERFORMANCE EVIDENCE; CHINA BELT; FDI; COUNTRIES; CORRUPTION; GLOBALIZATION; URBANIZATION; DETERMINANTS; EMISSIONS; IMPACT;
D O I：
10.1080/1540496X.2019.1569512
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this article, we investigate the nonlinear impact on outward foreign direct investment (OFDI) using panel smooth transition regression (PSTR) model with the sample of 12 countries along ?The Belt and Road Initiative? in the period of 2010?2015. We find that both overall economic freedom (EF), the interaction of EF and institutional instance, bilateral trade, GDP, and patent significantly influence OFDI. We also demonstrate that EF and economic development exert the inverted ?U? effect on OFDI in the different regime. Accordingly, policies specifically designed to increase development of OFDI should be required to address the negative effects considering the differences of EF and economic development.
引用
收藏
页码：3211 / 3226
页数：16
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