China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.

Based on the data of China's outward foreign direct investment (OFDI) in energy sector to 133 countries from 2005 to 2014, this paper uses a gravity model to investigate the impact of "intimate" relations on China's OFDI locations in energy sector. We find that the "intimate...

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Autores principales:	Na Tan, Liang Chang, Rui Guo
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/a138e7eb5eb04f81b3009ab3797f0115
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spelling	oai:doaj.org-article:a138e7eb5eb04f81b3009ab3797f01152021-12-02T20:09:16ZChina's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.1932-620310.1371/journal.pone.0254199https://doaj.org/article/a138e7eb5eb04f81b3009ab3797f01152021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0254199https://doaj.org/toc/1932-6203Based on the data of China's outward foreign direct investment (OFDI) in energy sector to 133 countries from 2005 to 2014, this paper uses a gravity model to investigate the impact of "intimate" relations on China's OFDI locations in energy sector. We find that the "intimate" relations have significant effects on China's OFDI locations in energy sector, namely: bilateral senior leaders' visits, institutional distance, genetic distance, and immigration. Holding other factors fixed, for each one more bilateral senior leaders' visit between China and the host country, China's OFDI in energy sector for the host country will increase by 5.44%. If the genetic distance from China and host country increases by 1%, China's OFDI in energy sector will fall by 1.69%. For every 1% increase in the institutional distance between China and host country, China's energy OFDI will decrease by 1.09%. For every 1% increase in a country's immigration to China, China's energy OFDI will increase by 0.46%. Further, after distinguishing developed and developing countries, we find that compared with developed countries, "intimate" relations have greater impacts on China's energy OFDI in developing countries. Finally, based on the dominance analysis, considering China's "intimate" relations with countries along the "Belt and Road" and current locations of China's OFDI, we find that China should further expand energy investment in countries along the "Belt and Road".Na TanLiang ChangRui GuoPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 7, p e0254199 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Na Tan Liang Chang Rui Guo China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
description	Based on the data of China's outward foreign direct investment (OFDI) in energy sector to 133 countries from 2005 to 2014, this paper uses a gravity model to investigate the impact of "intimate" relations on China's OFDI locations in energy sector. We find that the "intimate" relations have significant effects on China's OFDI locations in energy sector, namely: bilateral senior leaders' visits, institutional distance, genetic distance, and immigration. Holding other factors fixed, for each one more bilateral senior leaders' visit between China and the host country, China's OFDI in energy sector for the host country will increase by 5.44%. If the genetic distance from China and host country increases by 1%, China's OFDI in energy sector will fall by 1.69%. For every 1% increase in the institutional distance between China and host country, China's energy OFDI will decrease by 1.09%. For every 1% increase in a country's immigration to China, China's energy OFDI will increase by 0.46%. Further, after distinguishing developed and developing countries, we find that compared with developed countries, "intimate" relations have greater impacts on China's energy OFDI in developing countries. Finally, based on the dominance analysis, considering China's "intimate" relations with countries along the "Belt and Road" and current locations of China's OFDI, we find that China should further expand energy investment in countries along the "Belt and Road".
format	article
author	Na Tan Liang Chang Rui Guo
author_facet	Na Tan Liang Chang Rui Guo
author_sort	Na Tan
title	China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
title_short	China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
title_full	China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
title_fullStr	China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
title_full_unstemmed	China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.
title_sort	china's outward foreign direct investment in energy sector: the role of "intimate" relations between countries.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/a138e7eb5eb04f81b3009ab3797f0115
work_keys_str_mv	AT natan chinasoutwardforeigndirectinvestmentinenergysectortheroleofintimaterelationsbetweencountries AT liangchang chinasoutwardforeigndirectinvestmentinenergysectortheroleofintimaterelationsbetweencountries AT ruiguo chinasoutwardforeigndirectinvestmentinenergysectortheroleofintimaterelationsbetweencountries
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China's outward foreign direct investment in energy sector: The role of "intimate" relations between countries.

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