The Belt and Road Initiative, sister-city partnership and Chinese outward FDI
Extant research has explicitly recognized the importance of the compatible environment in the context of globalization. Sister-city partnership has long been developed for the establishment of such a favorable environment to facilitate international investment. Using a panel data set that covers 66...
Guardado en:
| Autores principales: | , , |
|---|---|
| Formato: | article |
| Lenguaje: | EN |
| Publicado: |
Taylor & Francis Group
2021
|
| Materias: | |
| Acceso en línea: | https://doaj.org/article/61e44e0904ca44ef9261875611faaa03 |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| id |
oai:doaj.org-article:61e44e0904ca44ef9261875611faaa03 |
|---|---|
| record_format |
dspace |
| spelling |
oai:doaj.org-article:61e44e0904ca44ef9261875611faaa032021-11-17T14:21:55ZThe Belt and Road Initiative, sister-city partnership and Chinese outward FDI1331-677X1848-966410.1080/1331677X.2021.1997618https://doaj.org/article/61e44e0904ca44ef9261875611faaa032021-10-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.1997618https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664Extant research has explicitly recognized the importance of the compatible environment in the context of globalization. Sister-city partnership has long been developed for the establishment of such a favorable environment to facilitate international investment. Using a panel data set that covers 66 Belt Road countries and 75 non-Belt Road countries from 2006 to 2017, we investigate the impact of sister-city relationship between China and her partner countries as well as its interactive effect with Chinas’ recent global home institution, BRI on the Chinese outward FDI. We find consistent evidence that both sister-city partnership and BRI promote the Chinese outward FDI while these effects are rather complementary than supplementary to each other. Further, we find that the positive impact of BRI seems to be more pronounced in privately owned enterprises (POE) rather than state-owned enterprises (SOE), which suggests that BRI at this stage is more market-oriented and less political-oriented. Our findings suggest that the policymakers should hold more open attitudes towards the establishment of sister-city partnership and towards the Belt Road Initiative to promote more Chinese outward foreign investment so as to deepen the bilateral economic cooperation.Yonghui HanHao WangDongming WeiTaylor & Francis Grouparticlechina’s global institutionbelt and road initiativesister-city partnershipforeign direct investmentstate-owned enterpriseEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-21 (2021) |
| institution |
DOAJ |
| collection |
DOAJ |
| language |
EN |
| topic |
china’s global institution belt and road initiative sister-city partnership foreign direct investment state-owned enterprise Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 |
| spellingShingle |
china’s global institution belt and road initiative sister-city partnership foreign direct investment state-owned enterprise Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Yonghui Han Hao Wang Dongming Wei The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| description |
Extant research has explicitly recognized the importance of the compatible environment in the context of globalization. Sister-city partnership has long been developed for the establishment of such a favorable environment to facilitate international investment. Using a panel data set that covers 66 Belt Road countries and 75 non-Belt Road countries from 2006 to 2017, we investigate the impact of sister-city relationship between China and her partner countries as well as its interactive effect with Chinas’ recent global home institution, BRI on the Chinese outward FDI. We find consistent evidence that both sister-city partnership and BRI promote the Chinese outward FDI while these effects are rather complementary than supplementary to each other. Further, we find that the positive impact of BRI seems to be more pronounced in privately owned enterprises (POE) rather than state-owned enterprises (SOE), which suggests that BRI at this stage is more market-oriented and less political-oriented. Our findings suggest that the policymakers should hold more open attitudes towards the establishment of sister-city partnership and towards the Belt Road Initiative to promote more Chinese outward foreign investment so as to deepen the bilateral economic cooperation. |
| format |
article |
| author |
Yonghui Han Hao Wang Dongming Wei |
| author_facet |
Yonghui Han Hao Wang Dongming Wei |
| author_sort |
Yonghui Han |
| title |
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| title_short |
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| title_full |
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| title_fullStr |
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| title_full_unstemmed |
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI |
| title_sort |
belt and road initiative, sister-city partnership and chinese outward fdi |
| publisher |
Taylor & Francis Group |
| publishDate |
2021 |
| url |
https://doaj.org/article/61e44e0904ca44ef9261875611faaa03 |
| work_keys_str_mv |
AT yonghuihan thebeltandroadinitiativesistercitypartnershipandchineseoutwardfdi AT haowang thebeltandroadinitiativesistercitypartnershipandchineseoutwardfdi AT dongmingwei thebeltandroadinitiativesistercitypartnershipandchineseoutwardfdi AT yonghuihan beltandroadinitiativesistercitypartnershipandchineseoutwardfdi AT haowang beltandroadinitiativesistercitypartnershipandchineseoutwardfdi AT dongmingwei beltandroadinitiativesistercitypartnershipandchineseoutwardfdi |
| _version_ |
1718425485162053632 |