Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”  

作　　者：Hong Wei Bin Zhao Yawen Hou Hong Wei;Bin Zhao;Yawen Hou(Economics School, Jinan University, Guangzhou, China;The People’s Bank of China, Zhongshan Sub-Branch, Zhongshan, China)

机构地区：[1]Economics School, Jinan University, Guangzhou, China [2]The People’s Bank of China, Zhongshan Sub-Branch, Zhongshan, China

出　　处：《Open Journal of Statistics》2020年第3期554-564,共11页统计学期刊（英文）

摘　　要：This paper is based on 2006-2017 relevant data of 56 countries along the “Belt and Road” to find out the investment effect of cultural </span></span><a name="_Hlk42698899"></a><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">“going out</span></span></span><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">”. The empirical results show that: cultural “going out” has a significant promotion effect on China’s foreign direct investment;this effect has national heterogeneity, which is more effective for emerging markets and developing countries;for some traditional influence factors, such as traditional GDP per capita and time for diplomatic relations, cultural “going out” has a substitution effect. Finally, according to the empirical results, put forward targeted suggestions.This paper is based on 2006-2017 relevant data of 56 countries along the “Belt and Road” to find out the investment effect of cultural </span></span><a name="_Hlk42698899"></a><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">“going out</span></span></span><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">”. The empirical results show that: cultural “going out” has a significant promotion effect on China’s foreign direct investment;this effect has national heterogeneity, which is more effective for emerging markets and developing countries;for some traditional influence factors, such as traditional GDP per capita and time for diplomatic relations, cultural “going out” has a substitution effect. Finally, according to the empirical results, put forward targeted suggestions.

关 键 词：Confucius Institute The “Belt and Road” China’s OFDI LSDV Model 

分 类 号：F42[经济管理—产业经济]