Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

Under the Belt and Road concepts of mutual benefit and win–win cooperation, China is strengthening its energy cooperation with other countries. We used several econometric models and social network analysis models to study the impacts of China’s outward foreign direct investment (OFDI) on the host a...

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Autores principales:	Xing Zhou, Quan Guo, Ming Zhang
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	the belt and road OFDI energy consumption energy efficiency Technology T
Acceso en línea:	https://doaj.org/article/38f5a3505f6543bdba28decbaec15e6e
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spelling	oai:doaj.org-article:38f5a3505f6543bdba28decbaec15e6e2021-11-11T16:03:58ZImpacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective10.3390/en142173431996-1073https://doaj.org/article/38f5a3505f6543bdba28decbaec15e6e2021-11-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/7343https://doaj.org/toc/1996-1073Under the Belt and Road concepts of mutual benefit and win–win cooperation, China is strengthening its energy cooperation with other countries. We used several econometric models and social network analysis models to study the impacts of China’s outward foreign direct investment (OFDI) on the host and home countries. We first examined China’s OFDI location preference and analysed the effects of OFDI on energy consumption in host countries. Meanwhile, we observed the impact of the reverse spillover effect of OFDI on China’s energy efficiency. The results indicate that (1) the impact of China’s OFDI on energy consumption in host countries has been lower than that on neighbouring countries, and increased significantly after 2014. (2) The space network of energy consumption in Belt and Road countries has a strict hierarchical structure. However, it was disbanded by the Belt and Road policy in 2014. The network centres are situated primarily in Middle Eastern and European countries, and the network’s periphery is mainly in South-East and West Asian countries. (3) The reverse spillover effects of OFDI, FDI, domestic R&D absorptive capacity, human capital, and financial development levels are conducive to improving China’s energy efficiency whereas regional professionalism does the opposite.Xing ZhouQuan GuoMing ZhangMDPI AGarticlethe belt and roadOFDIenergy consumptionenergy efficiencyTechnologyTENEnergies, Vol 14, Iss 7343, p 7343 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	the belt and road OFDI energy consumption energy efficiency Technology T
spellingShingle	the belt and road OFDI energy consumption energy efficiency Technology T Xing Zhou Quan Guo Ming Zhang Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
description	Under the Belt and Road concepts of mutual benefit and win–win cooperation, China is strengthening its energy cooperation with other countries. We used several econometric models and social network analysis models to study the impacts of China’s outward foreign direct investment (OFDI) on the host and home countries. We first examined China’s OFDI location preference and analysed the effects of OFDI on energy consumption in host countries. Meanwhile, we observed the impact of the reverse spillover effect of OFDI on China’s energy efficiency. The results indicate that (1) the impact of China’s OFDI on energy consumption in host countries has been lower than that on neighbouring countries, and increased significantly after 2014. (2) The space network of energy consumption in Belt and Road countries has a strict hierarchical structure. However, it was disbanded by the Belt and Road policy in 2014. The network centres are situated primarily in Middle Eastern and European countries, and the network’s periphery is mainly in South-East and West Asian countries. (3) The reverse spillover effects of OFDI, FDI, domestic R&D absorptive capacity, human capital, and financial development levels are conducive to improving China’s energy efficiency whereas regional professionalism does the opposite.
format	article
author	Xing Zhou Quan Guo Ming Zhang
author_facet	Xing Zhou Quan Guo Ming Zhang
author_sort	Xing Zhou
title	Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
title_short	Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
title_full	Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
title_fullStr	Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
title_full_unstemmed	Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective
title_sort	impacts of ofdi on host country energy consumption and home country energy efficiency based on a belt and road perspective
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/38f5a3505f6543bdba28decbaec15e6e
work_keys_str_mv	AT xingzhou impactsofofdionhostcountryenergyconsumptionandhomecountryenergyefficiencybasedonabeltandroadperspective AT quanguo impactsofofdionhostcountryenergyconsumptionandhomecountryenergyefficiencybasedonabeltandroadperspective AT mingzhang impactsofofdionhostcountryenergyconsumptionandhomecountryenergyefficiencybasedonabeltandroadperspective
_version_	1718432407107928064

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

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