IDEAS home Printed from https://ideas.repec.org/a/taf/rjapxx/v28y2023i3p1087-1116.html
   My bibliography  Save this article

Comparative study on infrastructure and export trade of the host country and OFDI efficiency of China

Author

Listed:
  • Fang-rong Ren
  • Xin-ge Guan
  • Huai-jing Zhang
  • Qi Fang
  • Hong-cheng Si
  • Ze Tian

Abstract

The Belt and Road Initiative (BRI) provides new opportunities and great space for China’s outward foreign direct investment (OFDI) cooperation, as evidenced in 2018 when it financed US$15.64 billion in 56 countries along this burgeoning economic path, targeting Europe, Africa, and Asia as its hot spots. However, most of the countries along the Belt and Road are low-growth, middle-income, and developing economies, and their infrastructure, export trade, and other factors play an important role in the security and efficiency of OFDI. Therefore, this research selects 60 countries in Europe, Asia, and Africa as the objects and uses the common boundary SBM model to calculate the investment efficiency of 7 indicators from 2013 to 2017. The results show a significant regional gap in the efficiency of China’s total foreign investment. The efficiency scores of European countries are generally better than those of Asian and African countries, while the technology gaps of countries in Asia and Europe are higher than that in Africa. The efficiencies of three major indicators, FDI, infrastructure development indicator (IDI), and export trade (ET), exhibit four types of distribution. Therefore, it is necessary to coordinate and optimise the proper investment layout, enhance China’s investment quality in countries along the Belt and Road, strengthen exchanges and cooperation between think tanks, and promote further construction of BRI.

Suggested Citation

  • Fang-rong Ren & Xin-ge Guan & Huai-jing Zhang & Qi Fang & Hong-cheng Si & Ze Tian, 2023. "Comparative study on infrastructure and export trade of the host country and OFDI efficiency of China," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 28(3), pages 1087-1116, July.
    • Handle: RePEc:taf:rjapxx:v:28:y:2023:i:3:p:1087-1116
    DOI: 10.1080/13547860.2022.2047277
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13547860.2022.2047277
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13547860.2022.2047277?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjapxx:v:28:y:2023:i:3:p:1087-1116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjap .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.