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How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?

How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries? AbstractIn order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Baltic Journal of European Studies de Gruyter

How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?

Zhang, Lin; Xu, Zheqian
Baltic Journal of European Studies , Volume 7 (1): 19 – Jun 27, 2017
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19 pages

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Publisher
de Gruyter
Copyright
© by Lin Zhang
ISSN
2228-0596
eISSN
2228-0596
DOI
10.1515/bjes-2017-0003
Publisher site
See Article on Publisher Site

Abstract

AbstractIn order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect.

Journal

Baltic Journal of European Studies – de Gruyter

Published: Jun 27, 2017

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