THE KEY FACTORS OF CHINESE FOREIGN DIRECT INVESTMENT TO AFRICA DETERMINED BY MEANS OF TOBIT-ANALYSIS

Authors

  • Lilia Ukraynets Ivan Franko National University of Lviv

Keywords:

Foreign investment, developing countries, Tobit-analysis.

Abstract

The paper studies the factors that determine the direction and amount of foreign direct investment from China to African countries using Tobit-analysis. In addition to classical economic factors such as the size of the domestic market, the study included determinants specific for Sino-African relations.

 

References

UNCTAD. Asian Foreign Direct Investmentin Africa: Towards a New Era of Cooperationamong Developing Countries / United Nations – New York and Geneva, 2007. – 212 р.

World Investment Report 2011: Non-Equity Modes of International Production and Development – UN, Switzerland, 2011. – 251 p.

D. H. Rosen, T. Hanemann. China’s Changing Outbound Foreign Direct Investment Profile: Drivers and Policy Implications// Policy Briefs # PB09-14 – Peterson Institute for International Economics – 2009.

2011 Statistical Bulletin of China’s Outward Foreign Direct Investment – China, 2011 – 108 p. – Available from http://hzs.mofcom.gov.cn/accessory/ 201109/1316069658609.pdf.

Feenstra, Robert C., and Alan M. Taylor. International Economics. 2d ed. – New York: Worth, 2012.

Krugman, Obstfeld and Melitz. International Economic. – Theory & Policy, 9th edition, Pears on Education, 2011.

H. Besada, Y. Wang and J. Whalley China’s Growing Economic Activity in Africa // NBER Working Paper No. 14024 – National Bureau of Economic Research, Cambridge, MA, – 2008.

H. G. Broadman, G. IsikAfrica’s Silk Road: China and India’s New Economic Frontier – World Bank Publications, 2007 – 391 p.

Y.-W. Cheung, X. Qian. Empirics of China’s Outward Direct Investment // Pacific Economic Review #14, T. 3. – 2009. – pp. 312–341.

N. M. Kinggundu. A Profile of China’s Outward Foreign Direct Investment to Africa // Proceedings of The American Society of Business and Behavioral Sciences – Vol. 15, 2007. – pp.1–43.

P.J. Buckley, J. Clegg, A. Cross, X. Liu, H. Voss, P. The Determinants of Chinese Outward Foreign Direct Investment //Journal of International Business Studies -# 38, 2007 – pp. 499–518.

L. K. Cheng, and Z. Ma. China’s Outward FDI: Past and Future – Hong Kong University of Science and Technology – 2009.

G. T. Abed and H. R. Davoodi. Corruption, Structural Reforms and Economic Performance in the Transition Economies // IMF Working Paper No. 132. Washington: International Monetary Fund, 2000.

Shang-Jin Wei. How Taxing Is Corruption on International Investors// Review of Economics and Statistics #82, – 2000. – pp. 1–11.

D. Wheeler, A. Mody. International Investment Location Decisions: The Case of U.S. Firms // Journal of International Economics, # 33. – 1990. – pp. 57–76.

M. Swaleheen, D. Stansel. Economic Freedom, Corruption, and Economic Growth // Cato Journal, # 27, Vol. 3 – 2007. – pp. 343–358.

Published

22.09.2017

How to Cite

Ukraynets, Lilia. “THE KEY FACTORS OF CHINESE FOREIGN DIRECT INVESTMENT TO AFRICA DETERMINED BY MEANS OF TOBIT-ANALYSIS”. Journal of European Economy, vol. 12, no. 4, Sept. 2017, pp. 441-54, https://jeej.wunu.edu.ua/index.php/enjee/article/view/702.

Issue

Section

INTERNATIONAL ECONOMICS