How Overseas Economic and Trade Cooperation Zones Boost the High-quality Development of China's Outward Foreign Direct Investment
Overseas economic and trade cooperation zone(COCZ)is a powerful fulcrum of the"Belt and Road"initiative,an important engine for Chinese enterprises to"go global",and an effective way for China to contribute Chinese wisdom to the world.In the face of the problems of quantity rather than quality and scale rather than performance in the process of OFDI by some Chinese enterprises,it is of great practical significance to explore how to carry out high-quality OFDI with the carrier of COCZs.This paper comprehensively ana-lyzes the investment effect of COCZs based on the panel data at the national level and the micro level of enterprises,using the double difference method.It is found that COCZs not only significantly promote the scale and flow of China's OFDI to host countries,but also promote the high-quality development of China's OFDI in terms of technological innovation,industrial coordination,ecological greenness and openness and sharing.The driving force of COCZs on high-quality investment is mainly realized by influencing the quality of the host country's system,the strength of tax incentives,and the degree of infra-structure construction.The findings of this paper provide a novel path for China to turn from a big investing country to a strong investing country,and a theoretical reference for Chi-nese enterprises to find the focus point of high-quality OFDI.
Overseas Economic and Trade Cooperation ZoneOutward Foreign Direct InvestmentHigh-quality DevelopmentStaggered Difference-in-difference
万方数据
维普
