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Detecting pivotal countries of China's OFDI in the “Belt and Road” initiative: The perspective of similarity of doing business

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  • Qian, Xinbei
  • Huang, Liangxiong
  • Wang, Xianbin
  • Wang, Shuqi

Abstract

From the perspective of similarity of doing business, this paper seeks to find the pivotal countries of China's OFDI in the “Belt and Road” initiative. Based on the Doing Business Index data and macro-location panel data of China's OFDI in 61 countries, six countries are selected as pivotal countries. Further analysis found that proposal of the “Belt and Road” initiative, promotion of China's economic development level, raising of the partnership level and visits of bilateral leaders can make the inflection point forward. Our findings will provide a meaningful reference for deepening the “Belt and Road” initiative.

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  • Qian, Xinbei & Huang, Liangxiong & Wang, Xianbin & Wang, Shuqi, 2022. "Detecting pivotal countries of China's OFDI in the “Belt and Road” initiative: The perspective of similarity of doing business," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 296-311.
    • Handle: RePEc:eee:reveco:v:77:y:2022:i:c:p:296-311
    DOI: 10.1016/j.iref.2021.10.007
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    More about this item

    Keywords

    Similarity of doing business; The “Belt and Road” initiative; Pivotal country; Moderating effect;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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