A Study on the Efficiency and Potential of China's OFDI in Countries along the Belt and Road Route: Also on the Choice of Investment Location

Abstract

Abstract: Based on the theory of foreign investment in developing countries and the literature review of investment efficiency,investment potential and investment location choice,this paper constructs a stochastic frontier investment gravity model and a comprehensive evaluation system of principal components of the investment potential respectively to measure and evaluate the investment efficiency and investment potential of 55 countries along the Belt and Road route.Through the combination of the efficiency and the potential,these countries are divided into four types,such as“high efficiency and high potential”,“high efficiency and low potential”,“low efficiency and high potential”and“low efficiency and low potential”.On the basis of the combined analysis,this paper draws a conclusion that investment priority should be given to the HEHP countries and LEHP countries.It is necessary to optimize the distribution structure of China’s OFDI and guide China’s capital to have a better“going out”from the two aspects of accurately choosing investment locations and investment types and systematically strengthening the investment risk control.

Key words: outward foreign direct investment, the Belt and Road Initiative, investment efficiency, investment potential, location choice

CLC Number:

F114.4

WU Han-ran, HU Qing-jiang. A Study on the Efficiency and Potential of China's OFDI in Countries along the Belt and Road Route: Also on the Choice of Investment Location[J]. Journal of Jiangxi University of Finance and Economics, 2020, 0(3): 25-37.

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