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dc.contributor.authorFei, K.en
dc.contributor.authorSolomon, O. Helenen
dc.date.accessioned2015-09-09T15:19:36Z
dc.date.available2015-09-09T15:19:36Z
dc.date.issued2015
dc.identifier.citationFei, K. and Solomon O. H. (2015) China’s Outward Foreign Direct Investment (OFDI) and Domestic Investment (DI) -An Industrial Level Analysis. China Economic Review, 34m pp. 249-260en
dc.identifier.urihttp://hdl.handle.net/2086/11192
dc.descriptionCo-authored with Kefei, You - Centre for International Capital Markets, London Metropolitan University, 84 Moorgate, London EC2M 6SQ, UKen
dc.description.abstractIn the past decade, China's outward foreign direct investment (FDI) has increased significantly. On the other hand, the Chinese economic growth model is heavily reliant on domestic investment. Our study examines the important issue of how China's domestic investment responds to its FDI outflows. We investigate this issue analyzing, for the first time, China's domestic investment at industrial level. We specifically account for the factor of government support given the significant role played by the state in the Chinese economy. Using industrial level data, we further evaluate whether domestic investment reacts to outward FDI differently between state dominated and non-state dominated industries. Our study adopts an accelerator model where the system-Generalized Method of Moments (GMM) is employed for our estimations. Our empirical results suggest that domestic investment responds positively to outward FDI in China, Furthermore, the FDI outflows influences domestic investment differently depending on the level of government support in the particular industries. Such influence is much stronger in state dominated industries than in the non-state dominated ones.en
dc.language.isoenen
dc.publisherChina Economic Reviewen
dc.subjectOutward foreign direct investment;en
dc.subjectChinaen
dc.subjectIndustryen
dc.subjectGovernmenten
dc.subjectGMMen
dc.titleChina’s Outward Foreign Direct Investment (OFDI) and Domestic Investment (DI) -An Industrial Level Analysisen
dc.typeArticleen
dc.identifier.doihttp://dx.doi.org/10.1016/j.chieco.2015.02.006
dc.peerreviewedYesen
dc.explorer.multimediaNoen
dc.funderNAen
dc.projectidNAen
dc.researchinstituteInstitute for Applied Economics and Social Value (IAESV)en
dc.researchinstituteCentre for Enterprise and Innovation (CEI)en


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