The impact of OFDI on the performance of Chinese firms along the ‘Belt and Road’

Liu, Haiyue; Manzoor, Aqsa

doi:10.1080/00036846.2019.1659501

Cited by 33 publications

(19 citation statements)

References 41 publications

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“…Unease surrounding the participation of Chinese SOEs has instead derived from within partner countries' civil societies, and the SOEs themselves, as they lament the unprofitability of some segments of the BRI (Zhao, 2019). Haiyue & Manzoor (2020) corroborate these sentiments in their findings that China's private sector outperformed SOEs across the entirety of the BRI network. While Latin America and the Caribbean were deemed to be less productive investments than those made by Chinese companies in other parts of the global South, their inclusion stems from the lucrativeness of their extractive sectors over manufacturing and technology-based investments overall (Haiyue & Manzoor, 2020).…”

Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Erasupporting

confidence: 63%

“…Haiyue & Manzoor (2020) corroborate these sentiments in their findings that China's private sector outperformed SOEs across the entirety of the BRI network. While Latin America and the Caribbean were deemed to be less productive investments than those made by Chinese companies in other parts of the global South, their inclusion stems from the lucrativeness of their extractive sectors over manufacturing and technology-based investments overall (Haiyue & Manzoor, 2020). In response to ongoing scrutiny of the BRI, and poor public reception in partner countries of the Belt and Road as a part of Chinese 'debt traps', the Xi administration has announced the Belt and Road Debt Sustainability Framework.…”

Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Erasupporting

confidence: 63%

“…The bilateral relationship between China and Guyana is further examined using discourse analysis (Antaki, 2008) and IPE lenses (Helleiner, 2015) to assess the interests and objectives of the two states amidst their respective economic transitions currently underway. Although the portrayal of China's international presence as a new phenomenon challenging the status quo is prevalent, historic examinations of the Sino-Guyanese relationship reaffirm modern China's engagement with the Latin American and Caribbean regions as occurring well before the success of China's Going Out policies (Haiyue & Manzoor, 2020). 2 This analysis will situate the China-Guyana relationship within the latest configuration of these policies, the Belt and Road Initiative and its ability to normatively strengthen China's role as an alternative to Western economic paradigms in Latin America and the Caribbean.…”

Section: Introductionmentioning

confidence: 99%

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Situating Petrostate Guyana in the Rise of China Discourse

Cheong

2021

Potentia

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By examining the Sino-Guyanese relationship and China’s parastatal involvement in Guyana, this paper seeks to demonstrate that the former’s potential for upending conventional geopolitical realities in Latin America and the Caribbean are overstated. As Western public concern regarding the perils of a China to the international order grows, the case of Guyana draws attention to China’s still deepening integration within the neoliberal global economy. Guyana’s historic relationship with China, geostrategic location as a Belt and Road Initiative partner country, and the recent emergence of the Guyana Basin as an energy nexus, suggests its importance as a bellwether of China’s presence in the region. As the COVID-19 pandemic continues, assumptions regarding China’s re-emergence in the global order are being overturned frequently. It remains unclear what impact contemporary socio-economic, political, or ecological instabilities will have on a realignment of the incumbent international system, the need for nuanced and novel approaches for assessing the agency of a risen China is unequivocal.

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Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Erasupporting

confidence: 63%

Section: An Overview Of Sino-guyanese Relations: Historically and In The Bri Erasupporting

confidence: 63%

Section: Introductionmentioning

confidence: 99%

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Situating Petrostate Guyana in the Rise of China Discourse

Cheong

2021

Potentia

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“…The results also highlight that state involvement has a significantly positive impact on productivity growth. Many studies suggest that the economic performance of Chinese SOEs is generally poor (Haiyue and Manzoor, 2020: Li et al , 2017; Wu et al , 2016), yet they are often the ones that enjoy low-cost financial resources and preferential government policies (You and Solomon, 2015). Our findings suggest that the government's commitment to gradually reform SOEs into modern competitive enterprises has increased the efficiency of state-owned assets.…”

Section: Discussionmentioning

confidence: 99%

Outward FDI and productivity spillovers in China: an industrial perspective

Ali

Wang

et al. 2021

IJOEM

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PurposePrior research demonstrated that China's Outward FDI (OFDI) is aimed at sustaining long-term economic growth by promoting industrialization and technological upgrading in the country. However, empirical evidence on the effectiveness of this strategy remains scarce. This study intends to fill this gap by exploiting endogenous changes in industrial productivity stemming from OFDI to examine if China's new strategy to spur OFDI is economically beneficial for the industries involved.Design/methodology/approachThe authors employed the two-step system-GMM and pooled mean group approaches on a panel dataset of 18 Chinese industries over the 2004–2017 period. The industrial sectors are further classified into the state dominated and non-state dominated ones to evaluate whether the productivity growth impact of OFDI varies by the level of ownership structure. Besides, the dataset is further decomposed into the ex ante and ex-post BRI era to test if this initiative has altered the underlying relationship.FindingsThe results provide robust evidence that China's OFDI through reverse spillover effects promotes productivity growth in the domestic industries, and such productivity gains are greater for the non-state dominated industries, and the OFDI in the BRI era. The findings suggest that OFDI can act as a catch-up strategy to release excess capacity and acquire technology and smart business practices.Originality/valueThis study is the first attempt to highlight the reverse productivity spillovers associated with OFDI at the industrial level. The study's findings guide the government officials and the practitioners of foreign investment to better understand the implications of their investment projects in terms of technology improvements and to optimize market opportunities.

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“…To make the results more convincing following best practices used by Kanbur and Zhang (2005), Ezcurra and Pascual (2008), Song (2013), Kyriacou et al (2017), and Haiyue and Manzoor (2020), lagged values of a single period for all independent variables are used as regressors to avoid the issue of endogeneity (Table 3). The results again confirm the stimulatory effect of devolution policy on different components of health service expenditures.…”

Section: Robust Analysismentioning

confidence: 99%

Improving Psychological Wellbeing and Healthcare Outcomes Through Decentralization of Healthcare Expenditures in Pakistan

Ain

Xie²,

Yousaf³

2022

Front. Psychol.

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This article contributes to the limited empirical literature on the impact of decentralization on psychological wellbeing by investigating the hypothesis which signifies that shifts toward more fiscal decentralization in health services would be accompanied by improvements in health outcomes. Formulating a conventional public finance model applied to health care, this hypothesis is tested on a panel data of the Pakistan's provinces during the period 1990 to 2015. The empirical underpinning of the article suggested that the economic reforms of 2001 in Pakistan's healthcare sector, through fiscal decentralization, have imposed a substantial and positive influence on the effectiveness of the public policy in improving the healthcare outcomes over the examined period.

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The impact of OFDI on the performance of Chinese firms along the ‘Belt and Road’

Cited by 33 publications

References 41 publications

Situating Petrostate Guyana in the Rise of China Discourse

Situating Petrostate Guyana in the Rise of China Discourse

Outward FDI and productivity spillovers in China: an industrial perspective

Improving Psychological Wellbeing and Healthcare Outcomes Through Decentralization of Healthcare Expenditures in Pakistan

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