Based on China’s direct investment data of 57 countries along “The Belt and Road” from 2007 to 2017, this paper uses spatial econometric model, examines the impact of host country’s economic development, resource endowments and institutional environment on China’s outward foreign direct investment (OFDI) and tests whether there is a “Neighboring Effect” on China’s direct investment in host country. The results show that China’s OFDI tends to countries with large market scale, sound infrastructure and abundant natural resources; Good regulatory governance of the host country has a positive impact on China’s OFDI, while political stability and strictly corruption controlling have an inhibitory effect. However, regulatory governance has significant positive regulatory effect on the relationship between political stability and China’s OFDI, as well as between corruption controlling and China’s OFDI. There is a significant “Neighboring Effect” of China’s direct investment in countries along “The Belt and Road” and the type of OFDI is agglomeration and vertical compounding. The grouping test of samples shows that the factors which attract China’s OFDI in different regions and countries with different levels of economic development along the route are different from each other.
潘海英,贾婷婷,张 可.中国对“一带一路”沿线国家直接投资：经济发展、资源禀赋和制度环境[J].河海大学学报(哲学社会科学版),2019,21(2):35-46.(PAN Haiying, et al. China’s Direct Investment in the Countries along the “The Belt and Road”: Economic Development, Resource Endowment and Institutional Environment[J]. Journal of Hohai University (Philosophy and Socail Sciences),2019,21(2):35-46.(in Chinese))复制