China's Outward Direct Investment in Africa

Review of International Economics

Volumn 20, Issue 2, 2012, Pages 201-220

  Cheung, Yin Wong ^a   De Haan, Jakob ^b,e,f   Qian, Xingwang ^c   Yu, Shu ^d  

^a CITY UNIVERSITY OF HONG KONG   (Hong Kong)

^b DE NEDERLANDSCHE BANK   (Netherlands)

^c BUFFALO STATE COLLEGE   (United States)

^d UNIVERSITY OF GRONINGEN   (Netherlands)

^e UNIVERSITY OF GRONINGEN   (Netherlands)

^f CESIFO   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

FOREIGN DIRECT INVESTMENT; NATURAL RESOURCE; POLICY IMPLEMENTATION; RISK FACTOR;

AFRICA; CHINA;

EID: 84859809749     PISSN: 09657576     EISSN: 14679396     Source Type: Journal    
DOI: 10.1111/j.1467-9396.2012.01017.x     Document Type: Article

References (41)

1. Adisu, Kinfu, Thomas Sharkey, and Sam Okoroafo, "The Impact of Chinese Investment in Africa," International Journal of Business and Management 5, no. 9 (2010):1-9.
2. Aizenman, Joshua and Jaewoo Lee, "Real Exchange Rate, Mercantilism and the Learning by Doing Externality," Pacific Economic Review 15 (2010):324-35.
3. Asiedu, Elizabeth, "Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability," The World Economy 29 (2006):63-77.
4. Bardhan, Pranab K., "Corruption and Development: A Review of Issues," Journal of Economic Literature 25 (1997):1320-46.
5. Bera, Anil, Carlos Jarque, and Lung-Fei Lee, "Testing the Normality Assumption in Limited Dependent Variable Models," International Economic Review 25 (1984):563-78.
6. Besada, Hany, Yang Wong, and John Whalley, "China's Growing Economic Activity in Africa," NBER working paper 14024 (2008).
7. Brautigam, Deborah, The Dragon's Gift: The Real Story of China in Africa, Oxford: Oxford University Press (2009).
8. Broadman, Harry, Africa's Silk Road: China and India's New Economic Frontier, Washington DC: The World Bank (2007).
9. Brookes, Peter, "Into Africa: China's Grab for Influence and Oil," Heritage Lecture, no. 1006, Washington, DC: The Heritage Foundation (2007).
10. Cheng, Leonard K. and Yum K. Kwan, "What are the Determinants of the Location of Foreign Direct Investment? The Chinese Experience," Journal of International Economics 51 (2000):379-400.
11. Cheng, Leonard K. and Zihui Ma, "China's Outward FDI: Past and Future," manuscript, Hong Kong University of Science and Technology (2009).
12. Cheung, Yin-Wong and Xingwang Qian, "Hoarding of International Reserves: Mrs Machlup's Wardrobe and the Joneses," Review of International Economics 17 (2009a):824-43.
13. Cheung, Yin-Wong and Xingwang Qian, "Empirics of China's Outward Direct Investment," Pacific Economic Review 14 (2009b):312-41.
14. Cheung, Yin-Wong, Menzie D. Chinn, and Eiji Fujii, "The Overvaluation of Renminbi Undervaluation," Journal of International Money and Finance 26 (2007):762-85.
15. Cheung, Yin-Wong, Menzie D. Chinn, and Eiji Fujii, "China's Current Account and Exchange Rate," in Robert Feenstra and Shing-Jin Wei (eds), China's Growing Role in World Trade, ch. 9, Chicago, IL: University of Chicago Press for NBER (2010):231-71.
16. Cheung, Yin-Wong, Jakob de Haan, XingWang Qian, and Shu Yu, "China's Outward Direct Investment in Africa," University of California, Santa Cruz working paper (2010).
17. Corkin, Lucy, Christopher Burke, and Martyn Davies, "China's Role in the Development of Africa's Infrastructure," SAIS working papers in African studies 04-08, The Johns Hopkins University, Baltimore, MD (2008).
18. Cuervo-Cazurra, Alvaro, "Who Cares about Corruption?" Journal of International Business Studies 37 (2006):807-22.
19. Feenstra, Robert and Shang-Jin Wei, "Introduction to China's Growing Role in World Trade," NBER working paper 14716 (2009).
20. Foster, Vivien, William Butterfield, Chuan Chen, and Nataliya Pushak, Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa, Washington DC: World Bank (2008).
21. Frankel, Jeffrey A., "New Estimation of China's Exchange Rate Regime," Pacific Economic Review 14 (2009):346-60.
22. Goldstein, Andrea, Nicolas Pinaud, Helmut Reisen, and Xiabao Chen, The Rise of China and India: What's in it for Africa? Development Centre Studies, Paris: OECD (2006).
23. International Monetary Fund, Regional Economic Outlook: Sub-Saharan Africa (October), Washington, DC: International Monetary Fund (2010).
24. Kaplinsky, Raphael and Mike Morris, "Do the Asian Drivers Undermine Export-oriented Industrialization in SSA," World Development 36 (2008):254-73.
25. Kolstad, Ivar and Arne Wiig, "What Determines Chinese Outward FDI?" Journal of World Business, 47 (2012):26-34 doi:10.1016/j.jwb.2010.10.017.
26. Li, Anshan, "China and Africa: Policy and Challenges," China Security 3 (2007):69-93.
27. Marquez, Jaime and John Schindler, "Exchange-rate Effects on China's Trade," Review of International Economics 5 (2007):837-53.
28. MIGA-FIAS (Multilateral Investment Guarantee Agency-Foreign Investment Advisory Service), China's Outward Foreign Direct Investment: A Company Survey, based on research conducted by the China Center for Economic Research, Beijing University (2007).
29. Morisset, Jacques, "Foreign Direct Investment in Africa, Policies Also Matter," World Bank policy research working paper 2481 (2000).
30. Seldadyo, Harry G. and Jakob de Haan, "Is Corruption Really Persistent?" Pacific Economic Review 16 (2011):192-206.
31. Thorbecke, Willem and Gordon Smith, "How would an Appreciation of the Renminbi and Other East Asian Currencies Affect China's Exports?" Review of International Economics 18 (2010):95-108.
32. Trofimov, Yaroslav, "In Africa, China's Expansion Begins to Stir Resentment," Wall Street Journal, February 2, 2007.
33. UNCTAD (United Nations Conference on Trade and Development), Global Investment Prospects Assessment, Geneva: UNCTAD (2005).
34. UNCTAD (United Nations Conference on Trade and Development), Asian Foreign Direct Investment in Africa: Towards a New Era of Cooperation among Developing Countries, Geneva: UNCTAD (2007).
35. UNCTAD (United Nations Conference on Trade and Development), World Investment Prospects Survey 2010-2012, Geneva: UNCTAD (2010a).
36. UNCTAD (United Nations Conference on Trade and Development), Economic Development for Africa Report 2010. South-South Cooperation: Africa and the New Partnership for Development, Geneva: UNCTAD (2010b).
37. UNCTAD (United Nations Conference on Trade and Development), World Investment Report 2010: Investing in a Low-Carbon Economy, Geneva: UNCTAD (2010c).
38. UNECA (The United Nations Economic Commission for Africa), Economic Report on Africa 2010-Promoting High-level Sustainable Growth to Reduce Unemployment in Africa, Addis Ababa, Ethiopia: United Nations Economic Commission for Africa (2010).
39. Wang, Jian-Ye, "What Drives China's Growing Role in Africa?" IMF working paper 07/211 (2007).
40. Wang, Jian-Ye and Abdoulaye Bio-Tchané, "Africa's Burgeoning Ties with China," Finance & Development 45, no. 1 (2008):44-7.
41. Wooldridge, Jeffrey M., "Selection Corrections for Panel Data Models under Conditional Mean Independence Assumptions," Journal of Econometrics 68 (1995):115-32.