Does One Belt One Road initiative promote Chinese overseas direct investment?

Du, Julan; Zhang, Yifei

doi:10.1016/j.chieco.2017.05.010

Cited by 438 publications

(318 citation statements)

References 22 publications

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“…Less than a month later, President Xi Jinping announced the One Road (OR) initiative in Indonesia on 3 October 2013, which includes countries throughout the South China Sea, Indian Ocean, and the South Pacific to Europe and East Africa (dark green areas in Figure A1 in Appendix A). Since its inception in late 2013, the OBOR initiative has become a Chinese national strategy to integrate China's economy with those of countries and regions in Asia, Europe, and Africa [1], and sustained its economic growth by developing closer cooperation with these partners [2]. As a means of enhancing China's global influence, a range of new government policies following the OBOR initiative have been strongly supporting China's outward foreign direct investment (OFDI).…”

Section: Introductionmentioning

confidence: 99%

“…For example, in the work by Liu et al [3], Hong Kong SAR, Algeria, Austria, Luxembourg, Switzerland, Portugal, Spain, Denmark, Finland, Sweden, Norway, and the United Kingdom belong to the OBOR country group. However, these countries or regions are generally regarded as non-OBOR countries by the authoritative OBOR dataset hosted by Social Science Academic Press (China) and reports, such as the report by Du and Zhang [1]. Thus, we followed the country categorization provided by Du and Zhang [1] rather than Liu et al [2] (Table A1 and Figure A1 in Appendix A).…”

Section: Introductionmentioning

confidence: 99%

“…In a study by Du and Zhang [1], the effect of the OBOR initiative on China's OFDI is analyzed by applying the difference-in-differences (DID) technique to firm-level data. They concluded that China's OFDI favors Russia, Central and West Asia, and Western Europe, and increases more significantly in the continental OB countries than in the maritime OR countries.…”

Section: Introductionmentioning

confidence: 99%

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Harmony in Diversity: Can the One Belt One Road Initiative Promote China’s Outward Foreign Direct Investment?

et al. 2018

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This paper investigates the effect of the One Belt One Road (OBOR) initiative on China's outward foreign direct investment (OFDI) using a dataset of all host countries for the period of 2010-2015. The employed econometric technique combines a difference-in-differences estimator with matching techniques. The results show that China's OFDI in OBOR countries is about 40% higher than in non-OBOR countries. After the initiative, the OFDI from China increases by 46.2% in OBOR countries. However, after controlling for the heterogeneity across OBOR and non-OBOR countries using the matching approach, the significance of the increasing effect caused by the OBOR initiative disappears. We also find the OBOR initiative diminishes the resource-seeking motivation and improves the market-seeking motivation of China's OFDI. Our results cast doubts on the infrastructure-led and institution-based strategy of the OBOR initiative, but support the boosting effect of the OBOR initiative on institutional cooperation and cultural convergence. Thus, the OBOR initiative is a sustainable continuation and development of the long tradition of economic, institutional, and cultural convergence with the OBOR countries, rather than a temporary policy shock.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Harmony in Diversity: Can the One Belt One Road Initiative Promote China’s Outward Foreign Direct Investment?

et al. 2018

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“…The first larger-scale High-speed Railway (HSR) operations started in 2008. In 2003 the first line between Qinhuangdao and Shenyang was opened; [1,2]), and in the late 2013 new ambitious international infrastructure investment program of One Belt and One Road was introduced [3,4]. This latter program contains also a significant involvement of railway industry [5], and not only of building HSR in other countries, but also better freight connections as well as introducing continental landbridge trains directly from the Chinese cities to numerous European ones [6,7].…”

Section: Introductionmentioning

confidence: 99%

Chinese High-speed Railway: Efficiency Comparison and the Future

Hilmola

2019

PROMET

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High-speed railway (HSR) network building was initiated in China in the early 2000s, and full-scale construction began several years later as a larger use phase started in 2008. Thereafter, the expansion speed has been impressive. Network investment could be considered as a success, if evaluating the amount of high-speed railway usage already during the expansion phase. The diffusion models built in this research show that expansion in the network and growth of the passengers will continue at least until the following decade. The performance is evaluated in terms of DEA efficiency model. It is shown that efficiency started from very low levels, but it has been increasing together with the expansion of HSR network. Currently, the efficiency is near the level of the leading European High-speed (HS) countries (Germany and France). However, it is projected with linear model and by Bass diffusion models that the efficiency will reach Japanese and South Korean standards in the next decade. A somewhat larger network length with smaller relative growth of passengers, but with a higher growth of passenger-km seems to be able to reach even the frontier efficiency.

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“…The OBOR aims to connect the Asian-Pacific Economic Area with the Euro Economic Area by building up two maritime routes. The initiative provides a blueprint of a strong integration of China into the world economy and represents the commitment of the Chinese government to a more open economy [1]. The strategy is formed at a critical point in China's economic transformation.…”

Section: Introductionmentioning

confidence: 99%

Green Suppliers Performance Evaluation in Belt and Road Using Fuzzy Weighted Average with Social Media Information

et al. 2017

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A decision model for selecting a suitable supplier is a key to reducing the environmental impact in green supply chain management for high-tech companies. Traditional fuzzy weight average (FWA) adopts linguistic variable to determine weight by experts. However, the weights of FWA have not considered the public voice, meaning the viewpoints of consumers in green supply chain management. This paper focuses on developing a novel decision model for green supplier selection in the One Belt and One Road (OBOR) initiative through a fuzzy weighted average approach with social media. The proposed decision model uses the membership grade of the criteria and sub-criteria and its relative weights, which consider the volume of social media, to establish an analysis matrix of green supplier selection. Then, the proposed fuzzy weighted average approach is considered as an aggregating tool to calculate a synthetic score for each green supplier in the Belt and Road initiative. The final score of the green supplier is ordered by a non-fuzzy performance value ranking method to help the consumer make a decision. A case of green supplier selection in the light-emitting diode (LED) industry is used to demonstrate the proposed decision model. The findings demonstrate (1) the consumer's main concerns are the "Quality" and "Green products" in LED industry, hence, the ranking of suitable supplier in FWA with social media information model obtained the difference result with tradition FWA; (2) OBOR in the LED industry is not fervently discussed in searches of Google and Twitter; and (3) the FWA with social media information could objectively analyze the green supplier selection because the novel model considers the viewpoints of the consumer.

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Does One Belt One Road initiative promote Chinese overseas direct investment?

Cited by 438 publications

References 22 publications

Harmony in Diversity: Can the One Belt One Road Initiative Promote China’s Outward Foreign Direct Investment?

Harmony in Diversity: Can the One Belt One Road Initiative Promote China’s Outward Foreign Direct Investment?

Chinese High-speed Railway: Efficiency Comparison and the Future

Green Suppliers Performance Evaluation in Belt and Road Using Fuzzy Weighted Average with Social Media Information

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