TITLE:
Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”
AUTHORS:
Hong Wei, Bin Zhao, Yawen Hou
KEYWORDS:
Confucius Institute, The “Belt and Road”, China’s OFDI, LSDV Model
JOURNAL NAME:
Open Journal of Statistics,
Vol.10 No.3,
June
24,
2020
ABSTRACT: This
paper is based on 2006-2017 relevant data of 56 countries along the “Belt and
Road” to find out the investment effect of cultural “going out”. The empirical results show that: cultural “going out” has a
significant promotion effect on China’s foreign direct investment; this effect
has national heterogeneity, which is more effective for emerging markets and
developing countries; for some traditional influence factors, such as
traditional GDP per capita and time for diplomatic relations, cultural “going out”
has a substitution effect. Finally, according to the empirical results, put
forward targeted suggestions.