Proceedings of the 2nd International Conference on Science and Social Research (ICSSR 2013)

The influence of OFDI on economic growth: A quantitative assessment for China and EU

Authors
Xianfeng Chen, Yan Li
Corresponding Author
Xianfeng Chen
Available Online July 2013.
DOI
https://doi.org/10.2991/icssr-13.2013.28How to use a DOI?
Keywords
outward foreign direct investment(OFDI) ; reverse technology spillovers(RTS); European Union(EU)
Abstract
Based on the panel data of Chinese outward foreign direct investment(OFDI) to 26 EU contires from 2003 to 2010,Using Cointegration, error correction model, impulse response function and the GLS method,this paper analyzes the effect of OFDI reverse technology spillovers(RTS) from the European Union on China's economic growth,and finds:(1)whether from short-term or long-term perspective,the role of RTS on promoting China's economic growth is proved,but the effect size is less than FDI;(2) In the short term the return form OFDI to EU is insufficient, thus affecting China's inward investment;(3)In the long run,the effect gap between OFDI and FDI is narrowing,especially after the economic crisis this trend is more obvious;(4) Developed countries have a greater impact on China's economy than developing countries.
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Proceedings
2nd International Conference on Science and Social Research (ICSSR 2013)
Part of series
Advances in Intelligent Systems Research
Publication Date
July 2013
ISBN
978-90-78677-75-8
ISSN
1951-6851
DOI
https://doi.org/10.2991/icssr-13.2013.28How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Xianfeng Chen
AU  - Yan Li
PY  - 2013/07
DA  - 2013/07
TI  - The influence of OFDI on economic growth: A quantitative assessment for China and EU
BT  - 2nd International Conference on Science and Social Research (ICSSR 2013)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/icssr-13.2013.28
DO  - https://doi.org/10.2991/icssr-13.2013.28
ID  - Chen2013/07
ER  -