China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates t...China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates the patterns and determinants of China＇s outward FDI from 2001 to 2008 for its seven major destinations. Tobit and multiple regression analyses indicate that early Chinese FDI in 2001 and 2002 is concentrated in the labor-intensive industries in Asia, like those of early Japanese FDI in the early 1970s as well as those of Korean FDI in 1990s. The results also indicate that non-production oriented manufacturers invested in North America, in order to seek for market cultivation, technological advance, R＆D skills, and name brands. We also found that the central state-owned enterprises are the key FDI players in the continents with locational disadvantages展开更多
Air pollution is one of the crucial environmental challenges facing the countries of the Economic Community of West African States (ECOWAS). The objective of this paper is to examine the effect of an attractive tax po...Air pollution is one of the crucial environmental challenges facing the countries of the Economic Community of West African States (ECOWAS). The objective of this paper is to examine the effect of an attractive tax policy on the relationship between Foreign Direct Investment (FDI) and air pollution in ECOWAS region over the period 2000 to 2019. By using the Ordinary Least Squares (OLS) method and panel data analyses (fixed effects and random effects), the results show that, in general, FDI does not have a significant effect on air pollution in the region. However, closer analysis reveals that an interaction between FDI and an attractive tax policy has a negative effect on air quality, leading to an increase in air pollution. Thus, companies attracted by tax incentives may not meet rigorous environmental standards. These results highlight the importance for policymakers to balance economic incentives with environmental protection in ECOWAS. Attractive tax policies can stimulate investment, but they must be designed in a way that encourages environmentally friendly practices, thereby helping to improve air quality in the region.展开更多
Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing patte...Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"restricted”(1978-1999),"relaxed"(2000-2016)and"regulated",(2017 onwards)stages.This paper also reviews literature on the impact of Chinese OFDI on China and host countries.Despite its generally positive effects,large-scale and unbalanced OFDI activities have alarmed Chinese policymakers.Both developing and developed host countries have expressed their concern over national security and the misbehavior of some Chinese overseas enterprises.Therefore,greater supervision and adjustment from quantity to quality growth is necessary for the future development of China's OFDI.展开更多
The trend of foreign direct investment(FDI)in China has switched from inflow to outflow following the rapid economic growth dur-ing the past several decades.Stimulated by government policies,in recent years China’s f...The trend of foreign direct investment(FDI)in China has switched from inflow to outflow following the rapid economic growth dur-ing the past several decades.Stimulated by government policies,in recent years China’s firms have actively sought overseas invest-ment opportunities.This paper examines the relationship between economic policy uncertainty(EPU)and cross-border cap-ital flow decisions for listed firms in China.Our findings demon-strate that EPU originating from China does not seem to dissuade FDI inflow into China,but it does curtail FDI outflow from the country.It appears that government policies and the uncertainty the policies bring are deterministic for FDI.展开更多
文摘China＇s outward FDI has been increasing recently, as the country＇s policies over industrialization and national security change. Using financial data of 244 Chinese enterprises, this study empirically investigates the patterns and determinants of China＇s outward FDI from 2001 to 2008 for its seven major destinations. Tobit and multiple regression analyses indicate that early Chinese FDI in 2001 and 2002 is concentrated in the labor-intensive industries in Asia, like those of early Japanese FDI in the early 1970s as well as those of Korean FDI in 1990s. The results also indicate that non-production oriented manufacturers invested in North America, in order to seek for market cultivation, technological advance, R＆D skills, and name brands. We also found that the central state-owned enterprises are the key FDI players in the continents with locational disadvantages
文摘Air pollution is one of the crucial environmental challenges facing the countries of the Economic Community of West African States (ECOWAS). The objective of this paper is to examine the effect of an attractive tax policy on the relationship between Foreign Direct Investment (FDI) and air pollution in ECOWAS region over the period 2000 to 2019. By using the Ordinary Least Squares (OLS) method and panel data analyses (fixed effects and random effects), the results show that, in general, FDI does not have a significant effect on air pollution in the region. However, closer analysis reveals that an interaction between FDI and an attractive tax policy has a negative effect on air quality, leading to an increase in air pollution. Thus, companies attracted by tax incentives may not meet rigorous environmental standards. These results highlight the importance for policymakers to balance economic incentives with environmental protection in ECOWAS. Attractive tax policies can stimulate investment, but they must be designed in a way that encourages environmentally friendly practices, thereby helping to improve air quality in the region.
文摘Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"restricted”(1978-1999),"relaxed"(2000-2016)and"regulated",(2017 onwards)stages.This paper also reviews literature on the impact of Chinese OFDI on China and host countries.Despite its generally positive effects,large-scale and unbalanced OFDI activities have alarmed Chinese policymakers.Both developing and developed host countries have expressed their concern over national security and the misbehavior of some Chinese overseas enterprises.Therefore,greater supervision and adjustment from quantity to quality growth is necessary for the future development of China's OFDI.
文摘The trend of foreign direct investment(FDI)in China has switched from inflow to outflow following the rapid economic growth dur-ing the past several decades.Stimulated by government policies,in recent years China’s firms have actively sought overseas invest-ment opportunities.This paper examines the relationship between economic policy uncertainty(EPU)and cross-border cap-ital flow decisions for listed firms in China.Our findings demon-strate that EPU originating from China does not seem to dissuade FDI inflow into China,but it does curtail FDI outflow from the country.It appears that government policies and the uncertainty the policies bring are deterministic for FDI.
