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Chinese outward direct investment: a study on macroeconomic determinants

Author

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  • William X. Wei
  • Ilan Alon

Abstract

On the basis of Dunning's Investment Development Path (IDP) hypothesis, this paper tests the macroeconomic determinants of Chinese Offshore Direct Investment (ODI) from a home-country perspective. We review the recent firm- and country-level studies on determinants of Chinese ODI. We propose a model and test seven home-country macroeconomic variables as determinants of Chinese ODI. Our results reveal that the macroeconomic variables such as interest rate, exchange rate, import and foreign reserve are important determinants of Chinese outward Foreign Direct Investment (FDI).

Suggested Citation

  • William X. Wei & Ilan Alon, 2010. "Chinese outward direct investment: a study on macroeconomic determinants," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 2(4), pages 352-369.
    • Handle: RePEc:ids:ijbema:v:2:y:2010:i:4:p:352-369
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    Citations

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    Cited by:

    1. Rishika Nayyar & Jaydeep Mukherjee, 2018. "Outward FDI from India: A macro level examination in the presence of structural breaks," Working Papers 1833, Indian Institute of Foreign Trade.
    2. You, Kefei & Solomon, Offiong Helen, 2015. "China's outward foreign direct investment and domestic investment: An industrial level analysis," China Economic Review, Elsevier, vol. 34(C), pages 249-260.
    3. Nguyen, Thi Tuong Anh & Doan, Quang Hung, 2016. "Chinese outward foreign direct investment: Is ASEAN a new destination?," MPRA Paper 71890, University Library of Munich, Germany.
    4. Ling Feng & Lulan Ge & Zhiyuan Li & Ching‐Yi Lin, 2022. "Financial development and natural resources: The dynamics of China’s outward FDI," The World Economy, Wiley Blackwell, vol. 45(3), pages 739-762, March.
    5. Guangyuan Guo & Jing Li & Dan Wang & Lina Zhang, 2022. "Political connection, contract intensity, and OFDI: Evidence from China," Journal of Economic Surveys, Wiley Blackwell, vol. 36(3), pages 534-557, July.
    6. Yu Sheng & Peter Drysdale & Chunlai Chen, 2019. "Economic Growth In China And Its Potential Impact On Australia–China Bilateral Trade: A Projection For 2025 Based On The Cge Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(04), pages 839-862, September.
    7. Chunlai Chen, 2018. "Impact of China's Outward Foreign Direct Investment on Its Regional Economic Growth," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 26(3), pages 1-21, May.
    8. Vaccarini, Katiuscia & Lattemann, Christoph & Spigarelli, Francesca & Tavoletti, Ernesto, 2017. "Chinese FDI and psychic distance perceptions on regulations in the German renewable energy sector," Energy Policy, Elsevier, vol. 101(C), pages 723-732.

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