{"title":"How Do Cultural and Institutional Distance Affect China’s OFDI towards the OBOR Countries?","authors":"Lin Zhang, Zheqian Xu","doi":"10.1515/bjes-2017-0003","DOIUrl":null,"url":null,"abstract":"Abstract In order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect.","PeriodicalId":42700,"journal":{"name":"Baltic Journal of European Studies","volume":"7 1","pages":"24 - 42"},"PeriodicalIF":0.0000,"publicationDate":"2017-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/bjes-2017-0003","citationCount":"24","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Baltic Journal of European Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1515/bjes-2017-0003","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 24
Abstract
Abstract In order to examine the impact of cultural and institutional distance on China’s OFDI towards the One Belt, One Road (OBOR) area, the paper selects 28 countries along The Belt and Road. The empirical results using panel data from 2006-2014 indicate that institutional distance is negatively correlated with China’s outward foreign direct investment (OFDI). At the same time, cultural distance interacts with bilateral trade, resulting in a “benefit of foreignness” effect.
期刊介绍：
Baltic Journal of European Studies (abbreviation BJES) is a semiannual double blind peer-reviewed international research journal (formerly known as Proceedings of the Institute for European Studies) with an international editorial office and extensive international editorial board, abstracted in EBSCO and other relevant databases.The scope of the journal comprises a wide spectrum of social, political, economic and cultural issues related to recent developments in the European Union and its member states.
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