Assessing the scale and potential of Chinese investment overseas: An econometric approach

China and World Economy

Volumn 19, Issue 4, 2011, Pages 22-37

  Armstrong, Shiro ^a  

^a AUSTRALIAN NATIONAL UNIVERSITY   (Australia)

Author keywords

Chinese investment; F21; F23; F50; Foreign direct investment; Spatial linkage

Indexed keywords

EID: 79961052742     PISSN: 16712234     EISSN: 1749124X     Source Type: Journal    
DOI: 10.1111/j.1749-124X.2011.01248.x     Document Type: Article

References (34)

1. Aigner, Dennis, C. A. Knox-Lovell and Peter Schmidt, 1977, "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Vol. 6, No. 1, pp. 21-37.
2. Armstrong, Shiro, 2009a, "Japanese FDI in China - Determinants and performance," EABER Working Papers No. 60, East Asian Bureau of Economic Research, Canberra .
3. Armstrong, Shiro 2009b, "Japanese FDI in China - Determinants and performance," Asia Pacific Economic Papers No. 378, Australia-Japan Research Centre, Canberra .
4. Athukorala, Prema-chandra and Nobuaki Yamashita 2006, "Production fragmentation and trade integration: East Asia in a global context," North American Journal of Economics and Finance, Vol. 17, No. 3, pp. 233-56.
5. Baltagi, Badi, Peter H. Egger and Michael Pfaffermayr, 2007, "Estimating models of complex FDI: Are there third-country effects?" Journal of Econometrics, Vol. 140, No. 1, pp. 260-81.
6. Barba Navaretti, Giorgio and Anthony J. Venables, 2004, Multinational Firms in the World Economy, Princeton: Princeton University Press.
7. Blonigen, Bruce A., 2005, "A review of the empirical literature on FDI determinants," NBER Working Paper No. 11299, National Bureau of Economic Research, Cambridge, MA .
8. Blonigen, Bruce A. and Ronald B. Davies, 2000, "The effects of bilateral tax treaties on U.S. FDI activity," NBER Working Paper No. 7929, National Bureau of Economic Research, Cambridge, MA .
9. Brenton, Paul, Francesca D. Mauro and Matthias Lücke, 1999, "Economic integration and FDI: An empirical analysis of foreign investment in the EU and in Central and Eastern Europe Empirica, Vol. 26, No. 2, pp. 95-121.
10. Buckley, Peter J., L. Jeremy Clegg, Adam R. Cross, Xin Liu, Hinrich Voss and Ping Zheng, 2007, "The determinants of Chinese outward foreign direct investment," Journal of International Business Studies, Vol. 38, July, pp. 499-518.
11. Carr, David, James R. Markus and Keith E. Maskus, 2001, "Estimating the knowledge-capital model of the multinational enterprise," American Economic Review, Vol. 91, No. 3, pp. 693-708.
12. Cheng, Leonard K. and Zihui Ma, 2007, "China's outward FDI: Past and future," School of Economics, Renmin University of China Working Paper Series, No. 200706001E, Renmin University of China, Beijing .
13. Davies, Ronald B., 2008, "Hunting high and low for vertical FDI," Review of International Economics, Vol. 16, No. 2, pp. 250-67.
14. Dee, Philippa, 2007, "Multinational corporations and pacific regionalism," in Juan J. Palacios, ed., Multinational Corporations and the Emerging Network Economy in Asia and the Pacific, London: Routledge.
15. Drysdale, Peter, 2011, "A new look at Chinese foreign direct investment in Australia," China & World Economy. Vol. 19, No. 4, pp. 54-73.
16. Drysdale, Peter and Christopher Findlay 2009, "Chinese foreign direct investment in the Australian resource sector," in Ross Garnaut, Ligang Song and Wing Thye Woo, eds., China's New Place in a World in Crisis, Canberra: Australia National University E-Press, pp. 349-88.
17. Dunning, John H., 1977, "Trade, location of economic activity and the MNE: A search for an eclectic approach" in Bertil Ohlin, Per-Ove Hesselborn and Per Magnus Wijkman, eds., The International Allocation of Economic Activity, London: MacMillan.
18. Eaton, Jonathan and Akilo Tamura, 1994, "Bilateralism and regionalism in Japanese and U.S. trade and direct foreign investment patterns," Boston University Institute for Economic Development Working Paper No. 48, Boston University, Boston .
19. Egger, Peter, 2010, "Bilateral FDI potentials for Austria," Empirica, Vol. 37, No. 1, pp. 5-17.
20. Egger, Peter and Michael Pfaffermayr, 2004, "Distance, trade and FDI: A Hausman-Taylor SUR approach," Journal of Applied Econometrics, Vol. 19, No. 2, pp. 227-46.
21. Eichengreen, Barry and Hui Tong, 2005, "Is China's FDI coming at the expense of other countries?" NBER Working Paper No. 11335, National Bureau of Economic Research, Cambridge, MA .
22. Globerman, Steven and Daniel Shapiro, 2009, "Economic and strategic considerations surrounding Chinese FDI in the United States," Asia Pacific Journal of Management, Vol. 26, No. 1, pp. 163-83.
23. Helpman, Elhanan, 1984, "A simple theory of international trade with multinational corporations," Journal of Political Economy, Vol. 92, No. 3, pp. 451-72.
24. Huang, Yiping and Bijun Wang, 2011, "Chinese outward direct investment: Is there a China Model?" China & World Economy. Vol. 19, No. 4, pp. 1-21.
25. Hurst, Luke, 2011, "Comparative analysis of the determinants of China's state-owned outward direct investment in OECD and non-OECD countries," China & World Economy, Vol. 19, No. 4, pp. 74-91.
26. Kolstad, Ivar and Arne Wiig, 2009, "What determines Chinese outward FDI?" Chr. Michelsen Institute Working Paper W2009:3, Chr. Michelsen Institute: Bergen .
27. Leamer, Edward E., 1984, Sources of International Comparative Advantage, Cambridge: MIT Press.
28. Markusen, James R., 1984, "Multinationals, multi-plant economies, and the gains from trade," Journal of International Economics, Vol. 16, No. 3-4, pp. 205-26.
29. Markusen, James R., 2002, Multinational Firms and the Theory of International Trade, Cambridge: MIT Press.
30. MOF (Ministry of Commerce of China) 2008, Statistical Bulletin of China's Outward Foreign Direct Investment, Beijing: Ministry of Commerce.
31. Morck, Randall, Bernard Yeung and Minyuan Zhao, 2008, "Perspectives on China's outward foreign direct investment," Journal of International Business Studies, Vol. 39, No. 3 pp. 337-50.
32. Razin, Assaf, Mody Ashoka and Efraim Sadka, 2002, "The role of information in driving FDI: Theory and evidence," NBER Working Paper No. 9255, National Bureau of Economic Research, Cambridge, MA .
33. Sauvant, Karl P. and Ken Davies, 2011, "What will an appreciation of China's currency do to inward and outward FDI?" in Karl P. Sauvant, Lisa Sachs, Ken Davies and Ruben Zandvliet, eds., FDI Perspectives: Issues in International Investment, New York: Vale Columbia Center on Sustainable Investment, pp. 2159-217.
34. Woo, Yuen Pau and Kenny Zhang, 2006, "China goes global: The implications of Chinese outward direct investment for Canada," Mimeo, Asia Pacific Foundation of Canada, Vancouver .