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China's outward FDI: An industry-level analysis of host country determinants

机译:中国对外直接投资:对东道国决定因素的行业层面分析

摘要

We provide an empirical analysis of host country determinants of Chinese outward FDI for the period 2003 to 2008, using data disaggregated by country and industry. We want to assess the relevance of market-seeking, resource-seeking and strategic asset seeking motivations suggested by the theory on FDI determinants. Our results show that only FDI in manufacturing is attracted by market seeking motivations. As expected, resource seeking is an important motivation for Chinese FDI in resource related sectors, which usually refers to countries with political fragile environments. Strategic asset seeking motivations are relevant for both manufacturing and services.
机译:我们使用按国家和行业分类的数据,对2003年至2008年中国东道国对外直接投资的决定因素进行了实证分析。我们要评估外国直接投资决定因素理论所提出的寻求市场,寻求资源和寻求战略资产的动机的相关性。我们的结果表明,只有制造业中的外国直接投资才受到市场寻求动机的吸引。不出所料,寻求资源是中国在资源相关部门中进行外国直接投资的重要动机,这通常是指政治环境脆弱的国家。战略资产搜寻动机与制造业和服务业都息息相关。

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