标题：Belt and road initiative and Chinese firms' outward foreign direct investment
作者：Yu, Shu; Qian, Xingwang; Liu, Taoxiong
作者机构：[Yu, Shu] Univ Rochester, Skalny Ctr Polish & Cent European Studies, 601 Elmwood Ave, Rochester, NY 14627 USA.; [Qian, Xingwang] SUNY Buffalo State, 更多
通讯作者地址：[Qian, XW]SUNY Buffalo State, Econ & Finance Dept, Buffalo, NY 14222 USA.
来源：EMERGING MARKETS REVIEW
关键词：Belt and road initiative; Outward FDI
摘要：This paper studies the impact of China's "Belt and Road Initiative" (BRI) on Chinese firms' outward foreign direct investment (OFDI). Overall, the BRI positively impacts on Chinese OFDI activities. However, both the direction and the magnitude of this impact depend on the host countries' willingness to participate in the BRI. The BRI promotes more OFDI to developing countries that welcome China's economic engagement and alters the effect of Chinese domestic push factors on its OFDI patterns. In addition, Chinese firms in construction and infrastructure, manufacturing, and trade-related sectors are more responsive to the BRI than firms in other sectors.