|Table of Contents|

Analysis of the impact of trade facilitation in countries along “the Belt and Road” on the coordinated development of China's two-way FDI(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2024年01期
Page:
77-92
Research Field:
国际经济与贸易
Publishing date:
2024-03-06

Info

Title:
Analysis of the impact of trade facilitation in countries along “the Belt and Road” on the coordinated development of China's two-way FDI
Author(s):
FANG Jianguo;  LIN Hongjie
(School of Economics and Management, Fuzhou University, Fuzhou 350108, Fujian, China)
Keywords:
“the Belt and Road”;  trade facilitation;  two-way FDI;  coordinated development
PACS:
F742
DOI:
-
Abstract:
To investigate whether trade facilitation in host countries promotes or impedes the coordinated development of China's two-way Foreign Direct Investment(FDI), empirical analysis was conducted utilizing data from 38 countries along “the Belt and Road”. Leveraging the gravity model and mediation model, the study examined how host country trade facilitation influences China's two-way FDI coordination through channels of trade costs and market scale. Interaction terms were introduced to assess the moderating effect of investment facilitation. The study revealed that a country's two-way FDI exhibits coordinated development, with an increase in the host country's Inward FDI(IFDI)flow promoting a corresponding increase in Outward FDI(OFDI). Moreover, an elevation in the host country's trade facilitation level augments China's OFDI and IFDI, fostering the coordinated development of two-way FDI. This effect varied based on national income and infrastructure heterogeneity, primarily driven by a reduction in host country trade costs and expansion of the local market size, thereby stimulating China's two-way FDI flows. Furthermore, an escalation in the host country's investment facilitation level positively impacts China's two-way FDI by enhancing trade convenience, thereby facilitating coordinated development. The research underscores the necessity of strengthening cooperation and trade with member countries of “the Belt and Road” initiative. It advocates increased regulation signing with member countries pertaining to infrastructure, customs environment, financial markets, e-commerce, and regulatory frameworks. Moreover, emphasis is placed on bolstering domestic infrastructure and refining regulatory and institutional environments to elevate trade facilitation levels, thereby promoting the coordinated development of two-way FDI.

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Last Update: 2024-03-06