China's Outward Direct Investment in Africa

被引:148
作者
Cheung, Yin-Wong [1 ]
de Haan, Jakob [2 ,3 ,4 ]
Qian, Xingwang [5 ]
Yu, Shu [3 ]
机构
[1] City Univ Hong Kong, Dept Econ & Finance, Hong Kong, Hong Kong, Peoples R China
[2] Nederlandsche Bank, NL-1000 AB Amsterdam, Netherlands
[3] Univ Groningen, NL-9747 AE Groningen, Netherlands
[4] CESifo, Munich, Germany
[5] SUNY Coll Buffalo, Econ & Finance Dept, Buffalo, NY 14222 USA
关键词
FOREIGN DIRECT-INVESTMENT; EXCHANGE-RATE; RENMINBI;
D O I
10.1111/j.1467-9396.2012.01017.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
The empirical determinants of China's outward direct investment (ODI) in Africa are examined using an officially approved ODI dataset and a relatively new OECDIMF format ODI dataset. China's ODI is found responding to the canonical economic determinants that include the market seeking motive, the risk factor, and the resources seeking motive. It is also affected by the intensity of trade ties and the presence of China's contracted projects. A host country's natural resources have an impact on China's decision on how much to invest in the country rather than on whether to invest in the country or not. China's drive for Africa's natural resources is mainly a recent phenomenon and, probably, became prominent after the Going Global policy adopted in 2002.
引用
收藏
页码:201 / 220
页数:20
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