China's re-emergence as a global economic power: How should Europe respond?

Barth, Benjamin

doi:10.1007/s12290-014-0331-5

Cited by 3 publications

(2 citation statements)

References 5 publications

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“…Tokunaga and Iwasaki (2017) conducted a meta-analysis on the determinants of FDI in the transition economies of the Central and Eastern Europe and the former Soviet Union. The rise of China is a global phenomenon (Barth, 2018; Gaulier et al , 2007; Kai, 2017; Mcnally, 2012; Nauton, 1996; Poncet, 2015; Shahriar, 2019c; Wang, 2017; Xuetong, 2006, 2014). FDI has played a significant role in fueling the economic growth of China especially in the 1990s.…”

Section: Literature Review and Models Specificationmentioning

confidence: 99%

Determinants of China’s outward foreign direct investment in the Belt & Road economies

Shahriar

Kea

2019

IJOEM

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Purpose The purpose of this paper is to investigate the major determinants of China’s outward foreign direct investment (OFDI) in the economies along the “Belt & Road” Initiative (BRI afterward). China works on to advance the agenda of the BRI both at home and abroad. The BRI is set up to promote connectivity in five key areas: policy coordination, infrastructure connectivity, trade facilitation, financial cooperation and people-to-people contacts. Design/methodology/approach The existing literature is inconclusive with regards to the motives, patterns and determinants of the Chinese OFDI. The authors are, therefore, motivated to undertake this study to shed some new light on the influencing factors of the Chinese OFDI. The authors have made a unique data set that consists of China and its 64 partnering countries of the BRI over a time period of 12 years spanning from 2004 to 2015. This time period is chosen on the chief consideration of data availability. The authors have a balanced panel, and applied the gravity model in line with the theoretical arguments and econometric developments. Findings The paper assumes that China’s OFDI along the BRI was a function of gross domestic product (GDP), income per capita, distance and WTO. The findings showed that GDP, per capita income and distance were the key determinants of the OFDI. China’s entry into the WTO did not strongly affect the OFDI. China maintained a tradition of historical relationships along the BRI economies. After all, China is relocating its investment resources in line with the consideration of its partnering countries’ economic size, cross-border distance and per capita income. Originality/value This study is the first of its kinds to analyze the determinants of OFDI by means of gravity model. The authors have covered all the countries along the BRI. Hence, this paper aims to make a substantial contribution to the literature, both from a scientific and a policy perspective.

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Section: Literature Review and Models Specificationmentioning

confidence: 99%

Determinants of China’s outward foreign direct investment in the Belt & Road economies

Shahriar

Kea

2019

IJOEM

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“…The European scholarship, on the one hand, seems skeptical of the BRI whereby CPEC is seen as China's strategy to capture European market not just in Europe but also in other parts of the world especially the African continent where Chinese products and corporations have gained considerable access in recent years (Barth, 2014;Callahan, 2015). On the other hand, certain studies take a rational view of China's engagement with South Asian and European enterprises.…”

Section: Literature Reviewmentioning

confidence: 99%

Will Change in Government Affect China–Pakistan Economic Corridor? The BRI, CPEC and the Khan Government: An Analysis

Hussain

2019

Chin. J. Int. Rev

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China–Pakistan Economic Corridor (CPEC) was formally launched in 2015. From the very outset, skeptics raised doubts about its sustainability and meaningfulness for particularly Pakistani society, economy and the state. Nevertheless, the Sharif government in strategic interaction with its Chinese counterpart ably thwarted such controversies and ensured execution of the CPEC projects in different parts of Pakistan. Though within Pakistan, political opposition and certain nationalist political and social forces voiced their related concerns, for instance, to the “route” alignment, the federal and Punjab government led by the Sharifs held ground and accorded priority to sustain the Corridor by engaging local and provincial stakeholders. However, this was not the case with the Khan government whose commerce advisor doubted the negotiated terms and conditions of the CPEC and, therefore, called for its revision to provide a fair deal to the Pakistani side. Why did the Khan government adopt such a policy? How does such a discourse affect China–Pakistan relation in general and CPEC and the Belt & Road Initiative (BRI) in particular? What made the Khan government correct its path ultimately? In other words, does change in government impact CPEC negatively? This paper attempts to address these questions empirically.

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Xi Jinping’s “New Model of Major Power Relationships” for Sino-American Relations

Cheng

2016

Journal of Comparative Asian Development

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China's re-emergence as a global economic power: How should Europe respond?

Cited by 3 publications

References 5 publications

Determinants of China’s outward foreign direct investment in the Belt & Road economies

Determinants of China’s outward foreign direct investment in the Belt & Road economies

Will Change in Government Affect China–Pakistan Economic Corridor? The BRI, CPEC and the Khan Government: An Analysis

Xi Jinping’s “New Model of Major Power Relationships” for Sino-American Relations

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