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Determinants of Chinese and American Outward Investment

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  • Yan Dong
  • Kui-Wai Li
  • Dayong Zhang

Abstract

The People's Republic of China can become an important and influential player in the world through its overseas investments in developing countries. This article examines and compares the determinants of Chinese and American direct investment around the world. The cross-sectional analysis is adopted for the years 2005 and 2006. Basic and improved Sala-i-Martin extreme bound analyses are applied in searching for robust determinants. The results suggest that distance, infrastructure facilities, and energy reserves are important factors in attracting investment from China and the United States. Institutional factors are not robust determinants of China's outward direct investment, suggesting that Chinese investors do not pay enough attention to institutional risks in making investments.

Suggested Citation

  • Yan Dong & Kui-Wai Li & Dayong Zhang, 2011. "Determinants of Chinese and American Outward Investment," Chinese Economy, Taylor & Francis Journals, vol. 44(2), pages 58-77, March.
    • Handle: RePEc:mes:chinec:v:44:y:2011:i:2:p:58-77
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    Cited by:

    1. Mariana Stanciu, 2016. "Evolution of the family structures in romania," Journal of Community Positive Practices, Catalactica NGO, issue 4, pages 80-100.
    2. Zhang, Dayong & Ji, Qiang & Kutan, Ali M., 2019. "Dynamic transmission mechanisms in global crude oil prices: Estimation and implications," Energy, Elsevier, vol. 175(C), pages 1181-1193.
    3. Zhang, Dayong & Cao, Hong & Wei, Yi-Ming, 2016. "Identifying the determinants of energy intensity in China: A Bayesian averaging approach," Applied Energy, Elsevier, vol. 168(C), pages 672-682.
    4. Zhao, Yong & Shi, Xunpeng & Song, Feng, 2020. "Has Chinese outward foreign direct investment in energy enhanced China's energy security?," Energy Policy, Elsevier, vol. 146(C).
    5. Dong, Yan & Fan, Cijun, 2017. "The effects of China's aid and trade on its ODI in African countries," Emerging Markets Review, Elsevier, vol. 33(C), pages 1-18.
    6. Jiang, Jingjing & Xie, Dejun & Ye, Bin & Shen, Bo & Chen, Zhanming, 2016. "Research on China’s cap-and-trade carbon emission trading scheme: Overview and outlook," Applied Energy, Elsevier, vol. 178(C), pages 902-917.
    7. Zhang, Dayong & Lei, Lei & Ji, Qiang & Kutan, Ali M., 2019. "Economic policy uncertainty in the US and China and their impact on the global markets," Economic Modelling, Elsevier, vol. 79(C), pages 47-56.

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