Study on Outward Foreign Direct Investment from China Enterprises from the Financial Development Perspective

Ya Peng Jiang; Yu Guo Fu; Fei Wang

doi:10.4028/www.scientific.net/AMM.444-445.1655

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 444-445Study on Outward Foreign Direct Investment from...

Study on Outward Foreign Direct Investment from China Enterprises from the Financial Development Perspective

Abstract:

To explore constraints on outward foreign direct investment £ ̈OFDI£© from China enterprises, this thesis analyzes the relationship between OFDI and financial development. Theoretical analysis of extended AK model and Geweke causal decomposition test show that financial development significantly related to the OFDI from China enterprises and financial repression is a constrain on OFDI to some extent. To promote fair, reasonable, orderly and sustainable development of OFDI from China enterprises, we should pay attention to not only the temporary strategies, such as policy-based finance, development finance and administrative action, but also to the promotion of financial development itself.

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Periodical:

Applied Mechanics and Materials (Volumes 444-445)

Pages:

1655-1664

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.444-445.1655

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Online since:

October 2013

Authors:

Ya Peng Jiang, Yu Guo Fu, Fei Wang

Keywords:

Development of Financce, Extended AK Model, Geweke Causal Decomposition Test, Outward Foreign Direct Investment, Saving-Investment Conversion Rate

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