China's Outward FDI: A Study of Push and Pull Factors (kartoniertes Buch)

This study is an attempt to identify Chinas outward FDI. The factors have been separated into push and pull factors. The pull factors are studied through panel OLS, while the co-integration method and ECM are used to identify the push factors. Internalization Theory is the main conceptual framework. This result shows Asian exports of fundamental products and GDP per person employed are positively associated the OFDI. However, regulatory quality is negative. For the push factors, Chinas foreign reserves, exchange rate, patents and wage are found to positively impact outward FDI. Nonetheless, Chinas export and saving rate are negatively associated with Chinas OFDI. Then the ECM shows that Chinas exchange rate has negatively associated with Chinas OFDI at 15% significance. When Chineses policies supported its OFDI since 2000, its OFDI increased rapidly.