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Journal ArticleDOI

Does One Belt One Road initiative promote Chinese overseas direct investment

01 Sep 2017-China Economic Review (North-Holland)-Vol. 47, pp 189-205
TL;DR: In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially whole or majority-ownership mergers and acquisitions, rose significantly in the belt-road countries, especially the ones along the continental route as discussed by the authors.
About: This article is published in China Economic Review.The article was published on 2017-09-01. It has received 379 citations till now. The article focuses on the topics: Foreign direct investment & Greenfield project.
Citations
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Journal ArticleDOI
TL;DR: This paper analyzes the Environmental Kuznets Curve (EKC) hypothesis, for Belt and Road Initiative (BRI) economies, to contend the role of mega projects in BRI as an attribute for ecological detriments and affirm the existence of EKC in the long run especially for developed economies.
Abstract: Diverse impact of greenhouse gasses (GHGs) over the landscape of environment is generally believed in literature. As CO2 emission acutely leads to GHGs is a major contributor for global warming, it creates a serious pressure on natural resources and ecological settings. Similarly, low-carbon (CO2) economy, plenty of energy resources, and sustainable growth are a big ask for worldwide economies in this era of mechanization. This paper analyzes the Environmental Kuznets Curve (EKC) hypothesis, for Belt and Road Initiative (BRI) economies, to contend the role of mega projects in BRI as an attribute for ecological detriments. The on-hand study engages fresh data information ranging from 1981 to 2016 holding with heterogeneity and cross-sectional dependence as a special deliberation. The calculated outcomes expose that, mean group estimator provides strong evidence and favor the existence of EKC approximately in every region. The long-run influence is measured by pooled mean group estimators, which shows significant outcomes in every region; additionally, the EKC hypothesis affirmed in the long run especially for developed economies. Mega projects, i.e., BRI requisite immense energy sources to accomplishing the enclosed projects efficiently and effectively. The positive association between carbon emission and energy consumption troubled the governments to make policies for restraining the magnitude of carbon emission and controls energy usage for enduring environment to its original position. Next, the valuations depicted the dense recommendations for state administrations in capacity of rigorous level supremacy, trash managing campaigns, renewable energy reliance, and advance for desirable judgments to sterilize the atmosphere.

185 citations


Cites background from "Does One Belt One Road initiative p..."

  • ...The primary intent of the Chinese government is to propagate BRI over the globe, and reconfigure distant sectors to prevail manifest economic conclusions and share experiences with other countries on mutual bonding (Du and Zhang 2017; Yu 2017)....

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Journal ArticleDOI
TL;DR: Investigating the relationship between the energy consumption and economic growth of the countries along the Belt and Road using a panel of data for 69 countries during the period between 1970 and 2013 suggests significant cooperation potential in the economies and trades of China and thebelt and Road countries.

177 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examine the emerging constraints on multinational enterprises, imposed by a bifurcated world order, and discuss how the dynamic capabilities framework can guide scholars and managers alike to achieve new forms of evolutionary fitness.
Abstract: The rapid reshaping of the global economic order requires fundamental shifts in international business scholarship and management practice. New forms of protectionist policies, new types of internationalization motives, and new tools of techno-nationalism may lead to what we call “bifurcated governance” at the macro-level and “value chain decoupling” at the micro-level. As a result, innovation networks will require novel reconfigurations. We examine the emerging constraints on multinational enterprises, imposed by a bifurcated world order. We also discuss how the dynamic capabilities framework can guide scholars and managers alike to achieve new forms of evolutionary fitness.

175 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examined the effects of trade integration and regional cooperation on energy efficiency convergence, a concept that describes the catching up process of EE across countries, and found that trade integration has a positive influence on convergence across the countries, especially among middle and low-income countries.

148 citations

References
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Journal ArticleDOI
TL;DR: This paper examined a sample of 12,023 acquisitions by public firms from 1980 to 2001 and found that the announcement return for acquiring-firm shareholders is roughly two percentage points higher for small acquirers irrespective of the form of financing and whether the acquired firm is public or private.

2,381 citations

Journal ArticleDOI
TL;DR: This paper investigated the determinants of Chinese outward direct investment and the extent to which three special explanations (capital market imperfections, special ownership advantages and institutional factors) need to be nested within the general theory of the multinational firm.
Abstract: This study investigates the determinants of Chinese outward direct investment (ODI) and the extent to which three special explanations (capital market imperfections, special ownership advantages and institutional factors) need to be nested within the general theory of the multinational firm. We test our hypotheses using official Chinese ODI data collected between 1984 and 2001. We find Chinese ODI to be associated with high levels of political risk in, and cultural proximity to, host countries throughout, and with host market size and geographic proximity (1984 to 1991) and host natural resources endowments (1992 to 2001). We find strong support for the argument that aspects of the special theory help to explain the behaviour of Chinese MNEs.

2,238 citations

Journal ArticleDOI
David Wheeler1, Ashoka Mody1
TL;DR: In this paper, the authors focus on manufacturing investments by U.S. multinationals in the 1980s and conclude that high-cost tournament play is unnecessary for countries with good infrastructure development, specialized input suppliers and an expanding domestic market.

1,764 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the dependence of transport costs on geography and infrastructure and found that poor infrastructure is an important determinant of transportation costs, especially for landlocked countries.
Abstract: The authors use different data sets to investigate the dependence of transport costs on geography and infrastructure. Infrastructure is an important determinant of transport costs, especially for landlocked countries. Analysis of bilateral trade data confirms the importance of infrastructure and gives an estimate of the elasticity of trade flows with respect to the trade cost factor of around-3. A deterioration of infrastructure from the median to the 75th percentile raises transport costs by 12 percentage points and reduces trade volumes by 28 percent. Analysis of African trade flows indicates that their relatively low level is largely due to poor infrastructure.

1,707 citations