The determinant of Chinese foreign direct investments in oil exporting African countries

IF 1.7 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2022-03-09 DOI:10.1111/coep.12568

Kafilah Lola Gold

引用次数: 1

Abstract

The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South–South cooperation. In this study, the determinants of China's Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China–Africa engagement.

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中国对非洲石油出口国家直接投资的决定因素

在非洲前18大石油/矿产出口国中，中国的存在值得特别关注，因为这种接触已经大大扩展，似乎是一种有影响力的、迄今为止值得怀疑的南南合作。本文采用普通最小二乘(OLS)、广义最小二乘(GLS)和工具变量二阶段最小二乘技术，分析了2003 - 2017年中国对外直接投资(FDI)存量和流量的影响因素。结果表明，石油/矿产和农业进口促进了更多的外国直接投资，而政治不稳定则刺激了更多的外国直接投资。总体而言，本研究建议决策者应加强贸易政策，以提高中非接触的可持续性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.