Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2021.1997618
The Belt and Road Initiative, sister-city partnership and Chinese outward FDI
Yonghui Han
Hao Wang
Dongming Wei
Sažetak
Extant research has explicitly recognized the importance of the
compatible environment in the context of globalization. Sister-city
partnership has long been developed for the establishment of
such a favorable environment to facilitate international investment. Using a panel data set that covers 66 Belt Road countries
and 75 non-Belt Road countries from 2006 to 2017, we investigate the impact of sister-city relationship between China and her
partner countries as well as its interactive effect with Chinas’
recent global home institution, BRI on the Chinese outward FDI.
We find consistent evidence that both sister-city partnership and
BRI promote the Chinese outward FDI while these effects are
rather complementary than supplementary to each other. Further,
we find that the positive impact of BRI seems to be more pronounced in privately owned enterprises (POE) rather than stateowned enterprises (SOE), which suggests that BRI at this stage is
more market-oriented and less political-oriented. Our findings
suggest that the policymakers should hold more open attitudes
towards the establishment of sister-city partnership and towards
the Belt Road Initiative to promote more Chinese outward foreign
investment so as to deepen the bilateral economic cooperation.
Ključne riječi
China’s global institution; Belt and Road Initiative; sister-city partnership; foreign direct investment; state-owned enterprise
Hrčak ID:
302606
URI
Datum izdavanja:
31.3.2023.
Posjeta: 284 *