دورية أكاديمية
Harmony in diversity:Can One Belt One Road initiative promote China’s OFDI?
| العنوان: | Harmony in diversity:Can One Belt One Road initiative promote China’s OFDI? |
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| المؤلفون: | Kang, Lili, Peng, Fei, Zhu, Yu, Pang, An |
| المصدر: | Kang , L , Peng , F , Zhu , Y & Pang , A 2018 , ' Harmony in diversity : Can One Belt One Road initiative promote China’s OFDI? ' , Sustainability , vol. 10 , no. 9 , 3264 . https://doi.org/10.3390/su10093264Test |
| سنة النشر: | 2018 |
| المجموعة: | Discovery - University of Dundee Online Publications |
| مصطلحات موضوعية: | Cultural distance, Institutional distance, One Belt One Road (OBOR), Outward foreign direct investment (OFDI), Treatment effect models, /dk/atira/pure/subjectarea/asjc/3300/3305, name=Geography, Planning and Development, /dk/atira/pure/subjectarea/asjc/2100/2105, name=Renewable Energy, Sustainability and the Environment, /dk/atira/pure/subjectarea/asjc/2300/2308, name=Management, Monitoring, Policy and Law |
| الوصف: | This paper investigates the effect of the One Belt One Road (OBOR) initiative on China's outward foreign direct investment (OFDI) using a dataset of all host countries for the period of 2010-2015. The employed econometric technique combines a difference-in-differences estimator with matching techniques. The results show that China's OFDI in OBOR countries is about 40% higher than in non-OBOR countries. After the initiative, the OFDI from China increases by 46.2% in OBOR countries. However, after controlling for the heterogeneity across OBOR and non-OBOR countries using the matching approach, the significance of the increasing effect caused by the OBOR initiative disappears. We also find the OBOR initiative diminishes the resource-seeking motivation and improves the market-seeking motivation of China's OFDI. Our results cast doubts on the infrastructure-led and institution-based strategy of the OBOR initiative, but support the boosting effect of the OBOR initiative on institutional cooperation and cultural convergence. Thus, the OBOR initiative is a sustainable continuation and development of the long tradition of economic, institutional, and cultural convergence with the OBOR countries, rather than a temporary policy shock. |
| نوع الوثيقة: | article in journal/newspaper |
| وصف الملف: | application/pdf |
| اللغة: | English |
| العلاقة: | https://discovery.dundee.ac.uk/en/publications/1c832a25-959d-483e-b542-fd8863686e2fTest |
| DOI: | 10.3390/su10093264 |
| الإتاحة: | https://doi.org/10.3390/su10093264Test https://discovery.dundee.ac.uk/en/publications/1c832a25-959d-483e-b542-fd8863686e2fTest https://discovery.dundee.ac.uk/ws/files/28456867/sustainability_10_03264.pdfTest http://www.scopus.com/inward/record.url?scp=85053232671&partnerID=8YFLogxKTest |
| حقوق: | info:eu-repo/semantics/openAccess |
| رقم الانضمام: | edsbas.A33BDDF |
| قاعدة البيانات: | BASE |
| DOI: | 10.3390/su10093264 |
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