Research on the spatial pattern and motivation of BRICS countries'investment to developed countries
It is generally believed that the reverse investment of developing countries to devel-oped countries is to obtain markets,natural resources and strategic assets,especially the search for strategic assets.There is no motivation to seek efficiency.This paper verifies the conclusion and has different findings.Based on the 2010-2017 BRICS's foreign investment data,the re-search found that the BRICS have market seeking motives,natural resource seeking motives and efficiency seeking motives for direct investment in developed countries,but no strategic assets seeking motives.From the perspective of time dimension,the market seeking motives tend to in-crease,while the other three types of investment motives tend to weaken over time,but they have not passed the statistical test.From the perspective of country,China,Russia,and South Africa have natural resource motives for direct investment in developed countries;China and In-dia have strategic assets seeking motives for investment in developed countries;China,India,and South Africa have efficiency seeking motives and prefer developed countries with lower la-bor costs.Mechanism analysis shows that the root cause of the difference in investment motiva-tion lies in the different strategic intentions of countries.
万方数据
维普
