| Titre : | The Determinants of China’s Outward Direct Investments in Africa: The Role of the Chinese Government’s Policies (2014) |
| Auteurs : | Ping Hua, Auteur |
| Type de document : | Article : Revues - Articles |
| Dans : | International Journal of Economics and Business Modeling (2014-02-27) |
| Article en page(s) : | pp. 238-243 |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] FINANCES > investissement et financement > investissement > investissement direct [Eurovoc] GÉOGRAPHIE > Afrique [Eurovoc] GÉOGRAPHIE > Asie - Océanie > Extrême-Orient > Chine |
| Tags : | Chian ; OFDI ; Africa |
| Résumé : | Using the panel data on 49 African countries over the period from 2003 to 2011, this paper estimated the determinants of China’soutward direct investments in Africa by employing the Hausman-Taylor method which controls the endogeneity of some variables. The results show that, as investors from developed countries, China’s OFDIs in Africa are attracted by marking-seeking and resource-seeking motives, tend to invest in the African countries having good macroeconomic performance and strong economic interaction with China. There is no evi-dence that China tends to invest in the countries having bad governance. Transaction cost is not an obstacle for Chinese investors. The re-sults show moreover that the Chinese government’s policies of economic cooperation in Africa, of “China’s African Policy” andofthe diversifi-cation of foreign exchange reserves explained 58% of the annual average growth rate of China’s investments in Africa. This marksthe key difference with western investors. |
| Axe de recherche : | Intégration des pays en développement dans l'économie mondialisée |
| En ligne : | https://halshs.archives-ouvertes.fr/halshs-02138149 |
Documents numériques (1)
 Article URL |
