Research on the Impact of Investment Facilitation on China's OFDI Location Choice in Countries along the Belt and Road
In order to study the impact of investment facilitation on China's Outward Foreign Direct Investment ( OFDI) location choice in countries along the Belt and Road,an evaluation index system of investment facilitation level is constructed with 6 first-level indicators,including macroeconomic environment,business environment,infrastructure construction,financial service efficiency,scientific education supply level and institutional environment,and 38 second-level indicators. The entropy method is applied in order to calculate the investment facilitation level of 52 countries along the Belt and Road from 2007 to 2019. Then,the expanded investment gravity model and panel threshold model are used to conduct empirical analysis. The heterogeneity test is conducted from the perspective of the beginning of the Belt and Road initiative and different motives of OFDI. Finally,policy suggestions were put forward. In order to improve the level of investment facilitation of the countries along the Belt and Road and boosting the Belt and Road high-quality development,Chinese government should actively promote multilateral and regional negotiations on investment facilitation rules and continuously deepen facilitation and cooperation with countries along the Belt and Road.
investment facilitationoutward foreign direct investmentlocation choicethe Belt and Roadentropy method
NETL
NSTL
万方数据
