Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The Effects of Chinese FDI and Infrastructure on Economic Growth across the Belt and Road
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2019 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

China has gone through a phase of rapid economic development in the last four decades. The country is the world’s biggest economy, measured in GDP purchasing power parity terms, and the largest trading nation in terms of the total sum of exports and imports of merchandise trade. With the launch of the century’s largest infrastructure project – the Belt and Road Initiative (BRI) – by Xi Jinping in 2013, China is planning to revive the Ancient Silk Roads in order to gain geopolitical power beyond Asia. Thus far, huge flows of FDI have already made their way from China to countries along the Belt and Road, especially the ones in need of additional infrastructure provision. In this paper, the effect of Chinese outward FDI on economic growth in the BRI economies through infrastructure development is examined, thereby conducting a cross-country analysis with panel data for 34 and 27 countries, respectively, over the period 2005–2017. The direct effect of Chinese FDI on economic growth in BRI countries is ambiguous, supporting previous literature on FDI and economic growth. When adding infrastructure indicators to the regressions and accounting for the endogeneity problem, the effect of Chinese FDI on economic growth changes but remains insignificant, nevertheless. This is most likely due to the reduced sample sizes, on the one hand, and the fact that Chinese construction contracts play a bigger role than actual FDI in the BRI.

Place, publisher, year, edition, pages
2019. , p. 62
Keywords [en]
Belt and Road Initiative, One Belt One Road, Chinese Economy, Economic Growth, Foreign Direct Investment, Infrastructure Development
National Category
Economics Social Sciences
Identifiers
URN: urn:nbn:se:uu:diva-388930OAI: oai:DiVA.org:uu-388930DiVA, id: diva2:1335994
Subject / course
Economics
Educational program
Master Programme in Economics
Supervisors
Examiners
Available from: 2019-07-11 Created: 2019-07-08 Last updated: 2019-07-11Bibliographically approved

Open Access in DiVA

fulltext(2525 kB)52 downloads
File information
File name FULLTEXT01.pdfFile size 2525 kBChecksum SHA-512
58c362621eb59a5e57b68441f4f1127c9dc43a284a8aaddcf124933b199b5ab2d6436cebf0b7fb74e36080d381a4f25f58eba42a0011b860e0473cf16eec1667
Type fulltextMimetype application/pdf

By organisation
Department of Economics
EconomicsSocial Sciences

Search outside of DiVA

GoogleGoogle Scholar
Total: 52 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 166 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf