一、报告题目

The Belt and Road Initiative and Chinese Firms’Outward Foreign Direct Investment (“一带一路”倡议与中国对外投资)

二、报告人

钱兴旺，纽约州立大学（布法罗分校）经济与金融系副教授，毕业于加州大学圣克鲁兹分校并获博士学位。主要研究领域包括国际金融、国际经济与贸易、资本流动、中国经济与新兴市场等，已在Journal of International Money and Finance, Review of International Economics, Review of Development Economics, China Economic Review等国际学术期刊发表十余篇学术论文。

三、报告时间

5月23日（周三）下午3:00-5:00

四、报告地点

中心校区知新楼B321

五、报告摘要

This paper studies the impact of China’s“Belt and Road Initiative”(BRI) on Chinese firms’outward foreign direct investment (OFDI). The BRI is found to have an overall positive impact on Chinese OFDI activities. However, the direction and magnitude of such impact depend on the willingness of host counties to cooperate and participate in the BRI. The BRI prefers Chinese firms to investing in emerging markets and developing economics (EMDEs) that welcome China’s economic engagement. We find empirical evidence that the BRI alters the effect of domestic push factors on Chinese OFDI patterns, which may facilitate China to address the needs of her economic rebalance. In addition, Chinese firms in construction and infrastructure, manufacturing, and trade related sectors are found to be more responsive to the BRI than firms in other sectors. While both state-owned and private enterprises invest more abroad after the launch of the BRI, private enterprises base their investment decisions more on host countries’ attitude towards the BRI than state-owned enterprises.

六、主办单位

山东大学经济学院