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Empirical Study on the Influence of RCEP Countries’ Trade Facilitation Level on China's OFDI

In: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

Author

Listed:
  • Wanting Sun

    (Nanjing University of Science and Technology, School of Economics and Management)

  • Lixin Ye

    (Nanjing University of Science and Technology, School of Economics and Management)

Abstract

The study builds a trade facilitation measurement system by selecting 4 primary indicators and 15 secondary indicators to measure RCEP countries’ trade facilitation level. Then, establishing a panel fixed effect model to study the influence of RCEP countries’ trade facilitation level on China's OFDI, with comprehensive indicators of trade facilitation as explanatory variables and GDP of the host country and exchange rate level between countries as control variables. It is found that the RCEP countries’ trade facilitation level can promote China's OFDI significantly. Therefore, China should strengthen economic and trade cooperation with organizational members, actively promote the infrastructure construction of countries with relatively background RCEP trade facilitation level, deepen financial business cooperation, and promote the investment of Chinese enterprises in RCEP countries.

Suggested Citation

  • Wanting Sun & Lixin Ye, 2023. "Empirical Study on the Influence of RCEP Countries’ Trade Facilitation Level on China's OFDI," Advances in Economics, Business and Management Research, in: Hrushikesh Mallick & Gaikar Vilas B. & Ong Tze San (ed.), Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), pages 1461-1469, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_166
    DOI: 10.2991/978-94-6463-098-5_166
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