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China's outward foreign direct investment in tourism

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  • Li, Xinjian
  • Huang, Songshan (Sam)
  • Song, Changyao

Abstract

This study investigates the factors that influence China's outward foreign direct investment (OFDI) in tourism. Employing a panel dataset involving 21 host countries for 10 years (2004–2013), negative binomial regression modelling showed that Chinese outbound investment in tourism is, at least in part, determined by volume of tourism flows to host country, the scale of tourism in that country and the openness to inbound investment. Other variables such as trade relationships between donor and recipient country and measures of innovation were seemingly of little importance. The study indicates a divergence of Chinese firms' OFDI in tourism from its general OFDI country choice pattern and confirms that sector-specific factors may be playing a more significant part in China's OFDI in tourism.

Suggested Citation

  • Li, Xinjian & Huang, Songshan (Sam) & Song, Changyao, 2017. "China's outward foreign direct investment in tourism," Tourism Management, Elsevier, vol. 59(C), pages 1-6.
    • Handle: RePEc:eee:touman:v:59:y:2017:i:c:p:1-6
    DOI: 10.1016/j.tourman.2016.07.007
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    References listed on IDEAS

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    5. Mondal, Arindam & Gadepalli, Sarada Devi, 2020. "Does Knowledge from Home Markets Boost Outward Foreign Direct Investments of Emerging Economy Multinationals? Evidence from Indian Family EMNEs," American Business Review, Pompea College of Business, University of New Haven, vol. 23(2), pages 211-240, November.
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    7. Francois Cornelius Wehncke & Patricia Lindelwa Makoni & Godfrey Marozva, 2022. "Nexus Between FDI, ODA and Economic Growth in Developing African Countries: A Systems Approach," Economic Research Guardian, Weissberg Publishing, vol. 12(2), pages 97-114, December.
    8. Oumarou Zallé & Idrissa M. Ouédraogo, 2021. "Spillover effects of corruption and democracy on territorial attractiveness of foreign direct investment in sub‐Saharan Africa," African Development Review, African Development Bank, vol. 33(4), pages 756-769, December.
    9. Delaney, Judith M. & Devereux, Paul J., 2019. "Understanding gender differences in STEM: Evidence from college applications✰," Economics of Education Review, Elsevier, vol. 72(C), pages 219-238.
    10. Malik, Muhammad Yousaf & Latif, Kashmala, 2021. "Impact of outbound tourism on outward FDI," Annals of Tourism Research, Elsevier, vol. 91(C).
    11. Yaya Keho, 2020. "Linkages between Foreign Direct Investment and Financial Development: Evidence from West African Countries," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(6), pages 1-3.

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