国际经贸学院石金海博士与合作者撰写的文章“Belt and road initiative and export sophistication: The role of China's outward foreign direct investment”被期刊The Journal of International Trade & Economic Development接受并正式发表。The Journal of International Trade & Economic Development影响因子为2.2,以经济为研究特色的国际著名期刊之一。
文章介绍
Belt and road initiative and export sophistication: The role of China's outward foreign direct investment
摘要:We investigate the impact of China’s outward foreign direct investment (OFDI) on the export sophistication of countries participating in the Belt and Road Initiative (BRI). Through an examination of data spanning from 2010 to 2015, our findings reveal that China’s OFDI significantly enhances export sophistication in host countries, with a more pronounced effect observed in relatively poor BRI nations. However, the positive correlation between China’s OFDI and export sophistication diminishes in host countries characterized by elevated productivity levels. Utilizing a structural equation model, we identify host country productivity as a crucial mediating factor. The indirect technology spillover effects of China’s OFDI, facilitated through increased productivity, account for approximately 39% of their overall impact on export sophistication. Furthermore, we delineate threshold effects of productivity for China’s OFDI, demonstrating substantial positive effects in host countries with a GDP per capita below the first threshold (approximately US$1,141) or within the range of the first and second thresholds (around US$7,115). Upon consideration of these thresholds, distinctions in the effects of China’s OFDI between BRI and non-BRI host countries diminish. Our analysis underscores that the favorable influence of China’s OFDI extends beyond the BRI, providing benefits to low and middle-income countries globally.
关键词:Export sophistication; outward foreign direct investment; belt and road initiative; threshold effects
作者简介
石金海,国际经贸学院讲师,上海财经大学世界经济专业博士,研究方向新制度经济学和跨国投资,参与多项决策咨询课题,在《地方财政研究》、“澎湃智库”等发表多篇学术文章。