Determinants of Chinese Outward FDI in Energy Sector

Wang, Yile; Zhang, Qin; Junshan, Liu; He, Dongmei

doi:10.1007/978-3-030-49829-0_12

Cited by 2 publications

(2 citation statements)

References 35 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Liu et al [33] found that Chinese companies tend to invest in green projects when the host countries have better political environments, natural resource endowments, and higher energy efficiencies, but lower carbon dioxide intensities and less developed energy structures, technologies, and infrastructures. Wang et al [34] empirically proved the above point with 813 cases of OFDI in the energy sector. In addition, in studies on the correlation between OFDI and energy efficiency, some of the research focused on the host country [35] and found significant differences in energy efficiency among the Belt and Road countries [36], but the Belt and Road Initiative allows countries with low total factor energy efficiency to catch up more [37].…”

Section: The Relevance Of the Belt And Road Initiative To Ofdi And Energymentioning

confidence: 86%

“…The interactive term ofdi × region passed the significance test at the 10% level, showing that the impact of OFDI on the energy consumption of the Belt and Road countries is 0.0225% lower than that of the 13 neighbouring countries. To shape the image of a "responsible country" and reduce the "anxiety" surrounding China's large-scale OFDI, Chinese OFDI has become greener [34]. Compared to the control group, some countries along the route have signed Belt and Road-related agreements.…”

Section: Empirical Analysismentioning

confidence: 99%

See 1 more Smart Citation

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

2021

View full text Add to dashboard Cite

Under the Belt and Road concepts of mutual benefit and win–win cooperation, China is strengthening its energy cooperation with other countries. We used several econometric models and social network analysis models to study the impacts of China’s outward foreign direct investment (OFDI) on the host and home countries. We first examined China’s OFDI location preference and analysed the effects of OFDI on energy consumption in host countries. Meanwhile, we observed the impact of the reverse spillover effect of OFDI on China’s energy efficiency. The results indicate that (1) the impact of China’s OFDI on energy consumption in host countries has been lower than that on neighbouring countries, and increased significantly after 2014. (2) The space network of energy consumption in Belt and Road countries has a strict hierarchical structure. However, it was disbanded by the Belt and Road policy in 2014. The network centres are situated primarily in Middle Eastern and European countries, and the network’s periphery is mainly in South-East and West Asian countries. (3) The reverse spillover effects of OFDI, FDI, domestic R&D absorptive capacity, human capital, and financial development levels are conducive to improving China’s energy efficiency whereas regional professionalism does the opposite.

show abstract

Section: The Relevance Of the Belt And Road Initiative To Ofdi And Energymentioning

confidence: 86%

Section: Empirical Analysismentioning

confidence: 99%

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

2021

View full text Add to dashboard Cite

show abstract

How do volatile and non-volatile energy factors affect energy OFDI? evidence from simultaneous equation model

Liu,

Jin,

Zhao

et al. 2024

Front. Energy Res.

View full text Add to dashboard Cite

Its reliance on energy from individual countries has seriously affected its energy security and foreign policy. Therefore, reducing dependence on energy from specific countries and decomposing energy import channels have become crucial goals in China’s efforts to resolve its energy crisis and ensure its national energy security. This study aims to analyze the impact of energy factors on the location determinants of China’s energy OFDI to help reduce energy dependence and improve China’s energy security. Simultaneous equation models and panel data from 162 target countries for the period 2005–2020 are used to examine the coincidental relationship between volatile and non-volatile energy and intermediary factors in investment target countries and China’s energy OFDI. The simultaneous equation model, comprising a system of equations, constitutes a multifaceted modeling approach that allows examination of two or more dependent variables. This study provides insights into energy investment in China through simultaneous equation modelling, it guides the implementation strategies for home and target countries of energy investment.

show abstract

Determinants of Chinese Outward FDI in Energy Sector

Cited by 2 publications

References 35 publications

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

Impacts of OFDI on Host Country Energy Consumption and Home Country Energy Efficiency Based on a Belt and Road Perspective

How do volatile and non-volatile energy factors affect energy OFDI? evidence from simultaneous equation model

Contact Info

Product

Resources

About