Empirical Research of Direct Investment in Countries along the "Belt and Road" based on Gravitational Models

Wen Qu, Haimin Wang

2022

Abstract

The " Belt and Road" construction has opened a new page in the world development process. Countries along ASEAN have become the first choice of China’s foreign investment (OFDI) especially because of their industrial structure and location advantages. In this paper, we empirically analyze the influencing factors of China on OFDI in ASEAN countries by building gravitational models and selecting the data from 2012-2019 through CSMAR, aiming at testing the hypotheses. The analysis results show that the market size of the host country, macroeconomic risks, financial development level, trade freedom, labor costs, the distance between China and the host country and the original investment cooperation are the main influencing factors. On this basis, the relevant suggestions are put forward in order to further promote the "going global" strategy and encourage more local enterprises to actively participate in OFDI activities.

Paper Citation

in Harvard Style

Qu W. and Wang H. (2022). Empirical Research of Direct Investment in Countries along the "Belt and Road" based on Gravitational Models. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 296-300. DOI: 10.5220/0011174500003440

in Bibtex Style

@conference{bdedm22,
author={Wen Qu and Haimin Wang},
title={Empirical Research of Direct Investment in Countries along the "Belt and Road" based on Gravitational Models},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={296-300},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011174500003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - Empirical Research of Direct Investment in Countries along the "Belt and Road" based on Gravitational Models
SN - 978-989-758-593-7
AU - Qu W.
AU - Wang H.
PY - 2022
SP - 296
EP - 300
DO - 10.5220/0011174500003440