Does foreign direct investment crowd in or crowd out private domestic investment in China? The effect of entry mode

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• 作者：George S. Chen^a ; ^{george.chen@une.edu.au} ; Yao Yao^b ; ^{yyao4@myune.edu.au} ; Julien Malizard^c ; ^{julien.malizard@gmail.com}
• 关键词：E22 ; F23 ; O53
• 刊名：Economic Modelling
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：61
• 期：Complete
• 页码：409-419
• 全文大小：395 K
• 卷排序：61

文摘

This paper emphasizes the effect of entry mode on domestic investment in China. The ARDL bounds test to cointegration is applied to the period 1994Q1–2014Q4. A neutral FDI–domestic investment nexus during the sample period. EJV crowds in domestic investment, but WFFE crowds it out during the sample period. EJV needs to be encouraged as the launch pad for industrial upgrading in China.