Foreign direct investments (or FDIs) have been employed since the early 1980s and they have become more and more immportant in Chinese economic development. However, the roles of FDIs are very different between region...Foreign direct investments (or FDIs) have been employed since the early 1980s and they have become more and more immportant in Chinese economic development. However, the roles of FDIs are very different between regions, partly due to the different locational preference of various source countries. Some facts show that FDIs from Hongkong - Macao indicate a strong locational preference. Therefore, this paper attempts to make an empirical research on the locational preference of Hongkong - Macao’s FDIs and their spatial diffusion under the support of statistical data with regrereion analysis. In this paper, three statistical models, including the special location model, the general location model and the spatial diffusion model, are created. The results show that this kind of analysis is successful. The major conclusions are as follows. (1) The optimum location for FDIs from Hongkong - Macao lies in the coastal area, especially Guangdong, Hainan, Jiangsu, Shandong, Fujian provinces. Besides, Hubei Province is also an important radon. (2) The FDIs from HongkongMacao in China have diffused gradually from the coastal provinces to the inland regions, the northem and the metropolis and from the locations that had attracted a large number of investments to their vicinities since the 1990s. (3) The special location factors, such as the herder effect, the unique social and kinship ties are the key factors determining the special locational distribution. (4) The general location and spatial diffusion of Hongkong - Macao’s FDIs are the results of interplay of several economic factors. They are the economic scale and advantage, the growth rate, the laier force and economic extrovert etc.展开更多
Inward foreign direct investment （FDI） is expected to grow further by virtue of economic globalization. A thorough understanding of the locational determinants of inward FDI will be conducive to enhanced efficiency ...Inward foreign direct investment （FDI） is expected to grow further by virtue of economic globalization. A thorough understanding of the locational determinants of inward FDI will be conducive to enhanced efficiency in attracting direct and SOC-related investments from foreign entities. This study analyzes 51 cases of inward direct foreign investment made in the Incheon free economic zone （IFEZ） from 2002 to 2009 to determine the factors influencing FDI volume, the relevance of locations and the correlation between investment size and location. First, the relationship between the loeational determinants of FDI and the total investment size （total expected project cost） is analyzed. Second, the relationship between the locational determinants of FDI and the FDI is analyzed. Third, the relationship between the locational determinants of FDI and the location choice is analyzed. The results indicate the determinants that influence locations and investment size of FDI entities; whether these factors exercise influence in the zone; and the factors that have relatively significant effects. Ultimately, based on the analytical findings, a few implications for policy and practice are derived.展开更多
This paper employs dynamic spatial econometric methods to analyze the impact of the sister-city relationship on Chinese outward foreign direct investment(OFDI)using a linked country-level dataset from 2003 to 2016.The...This paper employs dynamic spatial econometric methods to analyze the impact of the sister-city relationship on Chinese outward foreign direct investment(OFDI)using a linked country-level dataset from 2003 to 2016.The results show strong and robust evidence that the sister-city relationship has been a crucial OFDI location determinant in host countries and their neighbors.Specifically,the sister-city tie between China and the host country has stimulated Chinese OFDI in host countries.Moreover,Chinese OFDI in host countries would be reduced if China concluded sister-city ties with their neighbors to which we refer as the neighboring effect.Further mechanism tests show that sister cities have promoted OFDI in host countries via four channels:reducing political risk,decreasing information asymmetry,narrowing institutional distance,and mitigating cultural differences.This tendency for sister-city links to promote OFDI has varied substantially depending on OFDI entry modes(i.e.,greenfield or cross-border mergers and acquisitions),motivation(i.e.,resource-,market-,technology-,or efficiency-oriented OFDI),and Sino–foreign geographical relationships(i.e.,Belt and Road Initiative countries or other countries).展开更多
This study aims to explore the influencing factors of the location determinants of Taiwan’s foreign direct investments(FDIs)in China’s internal regions.This study proposes three models to examine the influencing fac...This study aims to explore the influencing factors of the location determinants of Taiwan’s foreign direct investments(FDIs)in China’s internal regions.This study proposes three models to examine the influencing factors of Taiwan’s FDIs in China by combining the location advantages of the host country,the economy and politics of the home country,and network relationship in bilateral and regional trade agreements:First,analyze the location distribution of Taiwan’s FDIs in China’s six regions;Second,analyze the location determinants of Taiwan’s main sectors’(manufacturing and service)FDIs in China;Third,analyze the location determinants of Taiwan’s high-tech industries’FDIs in China’s six regions.The estimated results show that bilateral trade agreement seems to have positive effects on Taiwan’s FDIs in China,while regional trade agreement seems to have negative effects.In Taiwan’s political form,the ruling party with characteristics of political defense against China seems to have negative effects on most of Taiwan’s industries(except manufacturing)and the overall FDIs in China.In terms of China’s relevant economic factors,the main determinants of Taiwan’s high-tech industries’FDIs in the major regions of Eastern and South Central of China are infrastructure and high-level human capital resources.China’s GDP growth and increase in unit labor cost have negative effects on FDIs in most regions of China.This implies that the advantage of low wages in China Factory may gradually decline.This study provides some references and implications for future research and policy makers for the analysis of relevant influencing factors of FDI.展开更多
文摘Foreign direct investments (or FDIs) have been employed since the early 1980s and they have become more and more immportant in Chinese economic development. However, the roles of FDIs are very different between regions, partly due to the different locational preference of various source countries. Some facts show that FDIs from Hongkong - Macao indicate a strong locational preference. Therefore, this paper attempts to make an empirical research on the locational preference of Hongkong - Macao’s FDIs and their spatial diffusion under the support of statistical data with regrereion analysis. In this paper, three statistical models, including the special location model, the general location model and the spatial diffusion model, are created. The results show that this kind of analysis is successful. The major conclusions are as follows. (1) The optimum location for FDIs from Hongkong - Macao lies in the coastal area, especially Guangdong, Hainan, Jiangsu, Shandong, Fujian provinces. Besides, Hubei Province is also an important radon. (2) The FDIs from HongkongMacao in China have diffused gradually from the coastal provinces to the inland regions, the northem and the metropolis and from the locations that had attracted a large number of investments to their vicinities since the 1990s. (3) The special location factors, such as the herder effect, the unique social and kinship ties are the key factors determining the special locational distribution. (4) The general location and spatial diffusion of Hongkong - Macao’s FDIs are the results of interplay of several economic factors. They are the economic scale and advantage, the growth rate, the laier force and economic extrovert etc.
文摘Inward foreign direct investment （FDI） is expected to grow further by virtue of economic globalization. A thorough understanding of the locational determinants of inward FDI will be conducive to enhanced efficiency in attracting direct and SOC-related investments from foreign entities. This study analyzes 51 cases of inward direct foreign investment made in the Incheon free economic zone （IFEZ） from 2002 to 2009 to determine the factors influencing FDI volume, the relevance of locations and the correlation between investment size and location. First, the relationship between the loeational determinants of FDI and the total investment size （total expected project cost） is analyzed. Second, the relationship between the locational determinants of FDI and the FDI is analyzed. Third, the relationship between the locational determinants of FDI and the location choice is analyzed. The results indicate the determinants that influence locations and investment size of FDI entities; whether these factors exercise influence in the zone; and the factors that have relatively significant effects. Ultimately, based on the analytical findings, a few implications for policy and practice are derived.
基金the National Social Science Foundation of China(No.20CJL012).
文摘This paper employs dynamic spatial econometric methods to analyze the impact of the sister-city relationship on Chinese outward foreign direct investment(OFDI)using a linked country-level dataset from 2003 to 2016.The results show strong and robust evidence that the sister-city relationship has been a crucial OFDI location determinant in host countries and their neighbors.Specifically,the sister-city tie between China and the host country has stimulated Chinese OFDI in host countries.Moreover,Chinese OFDI in host countries would be reduced if China concluded sister-city ties with their neighbors to which we refer as the neighboring effect.Further mechanism tests show that sister cities have promoted OFDI in host countries via four channels:reducing political risk,decreasing information asymmetry,narrowing institutional distance,and mitigating cultural differences.This tendency for sister-city links to promote OFDI has varied substantially depending on OFDI entry modes(i.e.,greenfield or cross-border mergers and acquisitions),motivation(i.e.,resource-,market-,technology-,or efficiency-oriented OFDI),and Sino–foreign geographical relationships(i.e.,Belt and Road Initiative countries or other countries).
文摘This study aims to explore the influencing factors of the location determinants of Taiwan’s foreign direct investments(FDIs)in China’s internal regions.This study proposes three models to examine the influencing factors of Taiwan’s FDIs in China by combining the location advantages of the host country,the economy and politics of the home country,and network relationship in bilateral and regional trade agreements:First,analyze the location distribution of Taiwan’s FDIs in China’s six regions;Second,analyze the location determinants of Taiwan’s main sectors’(manufacturing and service)FDIs in China;Third,analyze the location determinants of Taiwan’s high-tech industries’FDIs in China’s six regions.The estimated results show that bilateral trade agreement seems to have positive effects on Taiwan’s FDIs in China,while regional trade agreement seems to have negative effects.In Taiwan’s political form,the ruling party with characteristics of political defense against China seems to have negative effects on most of Taiwan’s industries(except manufacturing)and the overall FDIs in China.In terms of China’s relevant economic factors,the main determinants of Taiwan’s high-tech industries’FDIs in the major regions of Eastern and South Central of China are infrastructure and high-level human capital resources.China’s GDP growth and increase in unit labor cost have negative effects on FDIs in most regions of China.This implies that the advantage of low wages in China Factory may gradually decline.This study provides some references and implications for future research and policy makers for the analysis of relevant influencing factors of FDI.
