Empirical Research on the Rapid Growth of China's ODI: Based on Multinational Panel Data

Xue Song Gu; Li Yan Han

doi:10.4028/www.scientific.net/AMM.397-400.683

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 397-400Empirical Research on the Rapid Growth of China's...

Empirical Research on the Rapid Growth of China's ODI: Based on Multinational Panel Data

Abstract:

This paper focuses on the home-country factors determining the rapid growth of China's ODI and provides empirical evidence based on 66 countries panel data over 1991 to 2010. First, we expand the investment development path (IDP) theory by including financial factors to establish benchmark model. Then, we explore whether China's net ODI flow is excessive or insufficient by adding China dummy. Finally, we examine the special factors driving and hindering China's ODI by introducing interaction terms. The results reveal that China's ODI level is insufficient. The economic development, export and international reserve drive the growth of China's ODI, while crowing-out effect of domestic investment and poor financing condition are obstacles.

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Periodical:

Applied Mechanics and Materials (Volumes 397-400)

Pages:

683-687

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.397-400.683

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Online since:

September 2013

Authors:

Xue Song Gu, Li Yan Han

Keywords:

Generalized Virtual Economy, Investment Development Path, Outward FDI, Panel Data

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