Chinese FDI to Africa: What Is the Nexus with Foreign Economic Cooperation?

African Development Review

Volumn 22, Issue SUPPL. 1, 2010, Pages 599-614

  Sanfilippo, Marco ^a  

^a EUROPEAN UNIVERSITY INSTITUTE   (Italy)

Author keywords

[No Author keywords available]

Indexed keywords

DEVELOPING WORLD; ECONOMETRICS; FOREIGN DIRECT INVESTMENT; INTERNATIONAL COOPERATION;

AFRICA; CHINA;

EID: 78650066162     PISSN: 10176772     EISSN: 14678268     Source Type: Journal    
DOI: 10.1111/j.1467-8268.2010.00261.x     Document Type: Article

References (65)

1. Ajayi, S. I. (2006), 'The Determinants of Foreign Direct Investment in Africa: A Survey of the Evidence', in S. I. Ajayi (ed.), Foreign Direct Investment in Sub-Saharan Africa: Origins, Targets, Impact and Potential, African Economic Research Consortium, Nairobi
2. Amighini, A., M. Sanfilippo and R. Rabellotti (2009), 'The Rise of Multinationals from Emerging Countries: A Review of the Literature', PRIN Working Paper, No. 7, Università di Bologna
3. Asiedu, E. (2002), 'On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different World Development, Vol. 30, pp. 107-19.
4. Asiedu, E. (2006), 'Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability', World Economy, Vol. 29, pp. 63-77.
5. Aykut, D. and A. Goldstein (2006), Developing Country Multinationals: South-South Investment Comes of Age
6. Baltagi, B. (2005), Econometrics Analysis of Panel Data, 3rd edn, John Wiley and Sons, Chichester
7. Banga, R. (2009), 'Drivers of Outward Foreign Direct Investment from Asian Developing Economies', in ESCAP (ed.) Towards Coherent Policy Frameworks: Understanding Trade and Investment Linkages, ESCAP, Bangkok
8. Baum, C. F. (2001), 'Residual Diagnostics for Cross-section Time Series Regression Models', The Stata Journal, Vol. 1, No. 1, pp. 101-104.
9. Bende-Nabende, A. (2002), 'Foreign Direct Investment Determinants in Sub-Sahara Africa: A Co-integration Analysis', Economics Bulletin, Vol. 6, No. 4, pp. 1-19.
10. Berthélemy, J. C. (2009), 'Impact of China's Engagement on the Sectoral Allocation of Resources and Aid Effectiveness in Africa', prepared for the African Economic Conference 2009 'Fostering Development in an Era of Financial and Economic Crises', 11-13 November 2009, Addis Ababa.
11. Besada, H., Y. Wang and J. Whalley (2008), 'China's Growing Activity in Africa', NBER Working Paper No. 14024, May.
12. Bhaumik, S. K. and C. Yap Co (2009), 'Chinese State's Economic Cooperation Related Investment: An Investigation of its Direction and some Implications for Outward Investment', William Davidson Institute Working Paper No. 966, August.
13. Biggeri, M. and M. Sanfilippo (2009), 'Understanding China's Move into Africa: An Empirical Analysis', Journal of Chinese Economic and Business Studies, Vol. 7, No. 1, pp. 31-54.
14. Boungou Bazika, J.C. (2008), 'Les relations économiques de la Chine avec la République du Congo', prepared for the AERC project on China-Africa economic relations.
15. Brautigam, D. (2009), The Dragon's Gift: The Real Story of China in Africa, Oxford University Press, Oxford
16. Broadman, H. G. (2007), Africa's Silk Road: China and India's New Economic Frontier, World Bank, Washington, DC
17. Buckley, P.J., J. Clegg, A. R. Cross, X. Liu, H. Voss and P. Zheng (2007), 'The Determinants of Chinese Outward Foreign Direct Investment', Journal of International Business Studies, Vol. 38, pp. 499-518.
18. Cai, K. G. (1999), 'Outward Foreign Direct Investment: A Novel Dimension of China's Integration into the Regional and Global Economy', The China Quarterly, Vol. 160, pp. 856-80.
19. Calderon, C. and L. Serven (2008), 'Infrastructure and Economic Development in Sub-Saharan Africa', World Bank Policy Research Working Paper No. 4712.
20. Campos, I. and A. Vines (2008), 'Angola and China: A Pragmatic Partnership', in U.S. and Chinese Engagement in Africa: Perspectives for Improving U.S.-China-Africa Cooperation, Centre for Strategic and International Studies, Washington
21. Centre for Chinese Studies (2008), How China Delivers Development Assistance to Africa, Department for International Development (DFID), Beijing
22. Chen, C., P. C. Chiu, R. J. Orr and A. Goldstein (2007), 'An Empirical Analysis of Chinese Construction Firms' Entry into Africa', paper presented at the CRIOCM2007 International Symposium on Advancement of Construction Management and Real Estate, 8-13 August 2007, Sydney, Australia
23. Cheung, Y. W. and X. W. Qian (2008), 'The Empirics of China's Outward Direct Investment', presented at CESifo Conference on 'Macro, Money and International Finance', 14-15 March 2008, Munich
24. Corkin, L. (2008), 'AERC Scoping Exercise on China-Africa Relations: The Case of Angola', prepared for the AERC project on China-Africa economic relations.
25. Cuervo-Cazurra, A. and M. Genc (2008), 'Transforming Disadvantages into Advantages: Developing-Country MNEs in the Least Developed Countries', Journal of International Business Studies, Vol. 39, pp. 957-79.
26. Dunning, J. H. (1993), Multinational Enterprises and the Global Economy, Addison-Wesley, Reading, MA
27. Dunning, J. H. (2006), 'Comment on Dragon Multinationals: New Players in 21st Century Globalization', Asia Pacific Journal of Management, Vol. 23, pp. 139-41.
28. Dunning, J. H., C. Kim and D. Park (2008), 'Old Wine in New Bottles: A Comparison of Emerging Market TNCs Today and Developed Country TNCs Thirty Years Ago', Department of International Economics, SLPTMD Working Paper Series, 11, University of Oxford.
29. Edinger, H. and C. Burke (2008), 'A Research Report on Zimbabwe', prepared for the AERC project on China-Africa economic relations.
30. Granger, C. W. J. (1969), 'Investigating Causal Relations by Econometric Models and Cross-spectral Methods', Econometrica, pp. 424-38.
31. Greene, W. H. (2003), Econometric Analysis, 5th edn, Macmillan, New York
32. Gu, J. (2009), 'China's Private Enterprises in Africa and the Implications for African Development', European Journal of Development Research, Vol. 21, No. 4, pp. 570-87.
33. Henley, J., S. Kratzsch, M. Kulur and T. Tandogan (2008), 'Foreign Direct Investment from China, India and South Africa in Sub-Saharan Africa: A New or Old Phenomenon', UNU-Wider Research Paper No. 2008/24.
34. Kaplinsky, R. and M. Morris (2009), 'Chinese FDI in Sub Saharan Africa: Engaging with Large Dragons', European Journal of Development Research, Vol. 21, No. 4, pp. 551-69.
35. Khadaroo, A. J. and B. Seetanah (2007), 'Transport Infrastructures and FDI: Lessons for Sub-Saharan African Economies', Supply Response Working Paper No. ESWP_05.
36. Kolstad, I. and A. Wiig (2009), 'What Determines Chinese Outward FDI?', Chr. Michelsen Institute Working Paper No. 2009:03.
37. Kragelund, P. (2009), 'Part of the Disease or Part of the Cure? Chinese Investments in the Zambian Mining and Construction Sectors', European Journal of Development Research, Vol. 21, No. 4, pp. 644-61.
38. Magland, N. E. A. (2008), 'Scoping Study on Chinese Relations with Sudan', prepared for the AERC project on China-Africa economic relations.
39. Mathews, J. A. (2002), Dragon Multinationals: A New Model for Global Growth, Oxford University Press, Oxford
40. Mathews, J. A. (2006), 'Dragon Multinationals: New Players in 21st Century Globalization', Asia Pacific Journal of Management, Vol. 23, pp. 5-27.
41. MOFCOM (2009), 2008 Statistical Bulletin of China's Outward Foreign Direct Investment, Ministry of Commerce, Beijing
42. Morisset, J. (2000), 'Foreign Direct Investment in Africa: Policies also Matter', Transnational Corporation, Vol. 9, No. 2, pp. 107-25.
43. Moshi, H. P. B. and J. M. Mtui (2008), 'Scoping Studies on China-Africa Economic Relations: The Case of Tanzania', prepared for the AERC project on China-Africa economic relations.
44. Mukherjee, C., H. White and M. Wuyts (1998), Econometrics and Data Analysis for Developing Countries, Routledge, London
45. Naidu, S. and M. Davies (2006), 'China Fuels its Future with Africa's Riches', South African Journal of International Affairs, Vol. 13, No. 2, pp. 69-83.
46. Narula, R. (2006), 'Globalization, New Ecologies, New Zoologies, and the Purported Death of the Eclectic Paradigm', Asia Pacific Journal of Management, Vol. 23, pp. 143-51.
47. Nnadozie, E. (2000), 'What Determines US Direct Investment in African Countries?', mimeo.
48. Obwona, M., M. Guloba, W. Nabiddo and N. Kilimani (2007), 'China-Africa Economic Relations: The Case of Uganda', prepared for the AERC project on China-Africa economic relations.
49. OECD (2008), China - Encouraging Responsible Business Conduct, OECD Investment Policy Review, Organization for Economic Cooperation and Development, Paris
50. Ogunkola, E. O., A. S. Bankole and A. Adewuyi (2008), 'China-Nigeria Economic Relations', prepared for the AERC project on China-Africa economic relations.
51. Onjala, J. (2008), 'A Scoping Study on China-Africa Economic Relations: The Case of Kenya', prepared for the AERC project on China-Africa economic relations.
52. Razafindrevonona, J., E. Rakotomanana and J. Rejaobelina (2008), 'Etude sur les Echanges entre Chine et Madagascar', prepared for the AERC project on China-Africa economic relations.
53. Sanogo, A. (2008), 'Les Relations Economiques de la Chine et du Mali', prepared for the AERC project on China-Africa economic relations.
54. Shelton, G. (2007), 'China and Africa: Advancing South-South Co-operation', in G. Le Pere (ed.), China in Africa: Mercantilist Predator, or Partner in Development? Institute of Global Dialogue and the South African Institute of International Affairs, South Africa
55. Tjonneland, E.N., B. Brandtzaeg, A. Kolas and G. Le Pere (2006), China in Africa: Implications for Norwegian Foreign and Development Policies, Chr. Michelsen Institute (CMI), Oslo, Norway
56. Tsikata, D., A. P. Fenny and E. Aryeetey (2008), 'China-Africa Relations: A Case Study of Ghana', prepared for the AERC project on China-Africa economic relations.
57. UNCTAD (2006), World Investment Report- FDI from Developing and Transition Economies: Implications for Development, United Nations Conference on Trade and Development, Geneva
58. UNCTAD (2007), Asian Foreign Direct Investment in Africa- Towards a New Era of Cooperation among Developing Countries, United Nations, New York and Geneva
59. UNIDO (2007), Africa Foreign Investor Survey 2005: Understanding the Contributions of Different Investor Categories to Development. Implications for Targeting Strategies, United Nations Industrial Development Organization, Vienna
60. Vernon, R. (1966), 'International Investment and International Trade in the Product Cycle', Quarterly Journal of Economics, Vol. 80, pp. 190-207.
61. Wang, J. Y. (2007), 'What Drives China's Growing Role in Africa?', IMF Working Paper No. 07/211.
62. Wooldridge, J. M. (2002), Econometric Analysis of Cross Section and Panel Data, MIT Press, Cambridge, MA
63. World Bank (2004), Patterns of Africa-Asia Trade and Investments: Potential for Ownership and Partnership, The World Bank Study on Africa-Asia Trade and Investment Relations, Washington
64. World Bank (2008), Building Bridges: China's Growing Role as Infrastructure Financier for Africa, International Bank for Reconstruction and Development and the World Bank.
65. Yasin, M. (2005), 'Official Development Assistance and Foreign Direct Investment Flows to Sub-Saharan Africa', African Development Review, Vol. 17, No. 1, pp. 23-40.