This study investigates the pivotal role of Chinese Outward Foreign Direct Investment(OFDI)in stimulating economic growth through export diversification in African nations.Leveraging a comprehensive dataset spanning 4...This study investigates the pivotal role of Chinese Outward Foreign Direct Investment(OFDI)in stimulating economic growth through export diversification in African nations.Leveraging a comprehensive dataset spanning 41 African countries from 2005 to 2020,advanced econometric methods including system GMM and PCSE estimators were employed for rigorous analysis.Key findings unveil a negative and substantial impact of Chinese OFDI on economic growth in Africa.Further analysis highlights that an increase in Chinese OFDI in Africa has the potential to contribute to export diversification,subsequently driving economic growth.Moreover,our study reveals a nuanced link between Chinese OFDI,export diversification,and economic growth across African regions and income groups.Notably,the analysis demonstrates that diversified economies exhibit a heightened capacity to drive economic growth.This special quantitative achievement contributes to a nuanced understanding of the intricate dynamics that underlie the economic transformations brought about by Chinese investments within African nations.Furthermore,we establish that fostering collaborative partnerships between African enterprises and Chinese counterparts holds the key to unlocking new avenues for innovation and technology transfer.By leveraging the expertise and resources of Chinese companies,African businesses can enhance their competitive edge and contribute meaningfully to environmental conservation efforts.展开更多
This paper mainly explores the impact of export market diversification as an important measure to deal with trade friction on firms total factor productivity.Firstly,this article focuses on the theoretical analysis of...This paper mainly explores the impact of export market diversification as an important measure to deal with trade friction on firms total factor productivity.Firstly,this article focuses on the theoretical analysis of the impact mechanism,including risk diversification,reversal effect and spillover effect.Based on the sample data of Chinese manufacturing export enterprises from 2000 to 2007,this paper conducts an empirical test on the relationship between export market diversification and total factor productivity.The result indicates that export market diversification has a significant positive effect on the total factor productivity of enterprises.After considering the endogenous problem,by controlling the fixed effects,using the two-stage least square method and changing the duration of the sample for robustness analysis,the results are still consistent.In addition,the role of diversification policy in total factor productivity presents heterogeneous characteristics in terms of different types of enterprise ownership,export intensity,industry competition,trade methods,and the development degree of exporting market.Accordingly,this paper puts forward corresponding policy recommendations.展开更多
China’s strategic investments are paving the way for Burundi’s growth and modernisation As Burundi seeks to modernise its economy,diversify exports,and strengthen industrial capabilities,its cooperation with China h...China’s strategic investments are paving the way for Burundi’s growth and modernisation As Burundi seeks to modernise its economy,diversify exports,and strengthen industrial capabilities,its cooperation with China has become increasingly important.展开更多
The rapid development of digital industries such as artificial intelligence and big data has fundamentally transformed production, providing new opportunities for the diversification of firms. Drawing on data from the...The rapid development of digital industries such as artificial intelligence and big data has fundamentally transformed production, providing new opportunities for the diversification of firms. Drawing on data from the China Customs Database and the Annual Survey of Industrial Firms for 2003–2013, we employed a panel fixed effects model to examine the impact of digital industry agglomeration on firms' export product diversification. The findings revealed that, holding other conditions constant, a one-unit increase in digital industry agglomeration resulted in a significant 2.34 percent rise in export scope and a significant decrease by 0.58 percent in export concentration. Firms in digitally advanced cities and capital-intensive industries were more influenced by digital industry agglomeration in export diversification. Mechanism analysis reveals that digital industry agglomeration fostered export product diversification through innovation stimulation, information dissemination, and efficiency enhancement. Innovation was evidenced by increases in urban innovation indices and the emergence of new export products. Information dissemination boosted wholesale and retail sales, helping firms to expand export destinations. Efficiency enhancement was reflected in narrowing management efficiency gaps among firms.展开更多
In the context of China's efforts to establish a global network of free trade areas and diversify its export products, this study explores the impact of trade agreement depth on China's export diversification....In the context of China's efforts to establish a global network of free trade areas and diversify its export products, this study explores the impact of trade agreement depth on China's export diversification. Building upon a trade model with multiproduct firms, we discover that the effect of trade agreement depth on export diversification is multifaceted, depending on the relative magnitude of the “market expansion effect” and the “competition intensification effect.” Through empirical analysis of China's exports to 132 countries (or regions) from 2000 to 2015, we find that the deepening of trade agreements affected China's export diversification negatively. This negative correlation was predominantly due to the similarity in comparative advantages between China and its trade partners, leading to the “competition intensification effect” overshadowing the “market expansion effect.” We also note that “natural” agreements, when deepened, were more likely to affect China's export diversification adversely than their “non-natural” counterparts. Moreover, as export diversification increased, the marginal impact of deepening trade agreements exhibited an inverted U-shaped trajectory.展开更多
文摘This study investigates the pivotal role of Chinese Outward Foreign Direct Investment(OFDI)in stimulating economic growth through export diversification in African nations.Leveraging a comprehensive dataset spanning 41 African countries from 2005 to 2020,advanced econometric methods including system GMM and PCSE estimators were employed for rigorous analysis.Key findings unveil a negative and substantial impact of Chinese OFDI on economic growth in Africa.Further analysis highlights that an increase in Chinese OFDI in Africa has the potential to contribute to export diversification,subsequently driving economic growth.Moreover,our study reveals a nuanced link between Chinese OFDI,export diversification,and economic growth across African regions and income groups.Notably,the analysis demonstrates that diversified economies exhibit a heightened capacity to drive economic growth.This special quantitative achievement contributes to a nuanced understanding of the intricate dynamics that underlie the economic transformations brought about by Chinese investments within African nations.Furthermore,we establish that fostering collaborative partnerships between African enterprises and Chinese counterparts holds the key to unlocking new avenues for innovation and technology transfer.By leveraging the expertise and resources of Chinese companies,African businesses can enhance their competitive edge and contribute meaningfully to environmental conservation efforts.
基金This paper was supported by Shandong Provincial Social Science Research Project(16DJJJ03)“Comparative Study on the Effect of Introducing Market-oriented FDI and Import Trade on Promoting Economic Performance Improvement in Shandong Province”(16DJJJ03).
文摘This paper mainly explores the impact of export market diversification as an important measure to deal with trade friction on firms total factor productivity.Firstly,this article focuses on the theoretical analysis of the impact mechanism,including risk diversification,reversal effect and spillover effect.Based on the sample data of Chinese manufacturing export enterprises from 2000 to 2007,this paper conducts an empirical test on the relationship between export market diversification and total factor productivity.The result indicates that export market diversification has a significant positive effect on the total factor productivity of enterprises.After considering the endogenous problem,by controlling the fixed effects,using the two-stage least square method and changing the duration of the sample for robustness analysis,the results are still consistent.In addition,the role of diversification policy in total factor productivity presents heterogeneous characteristics in terms of different types of enterprise ownership,export intensity,industry competition,trade methods,and the development degree of exporting market.Accordingly,this paper puts forward corresponding policy recommendations.
文摘China’s strategic investments are paving the way for Burundi’s growth and modernisation As Burundi seeks to modernise its economy,diversify exports,and strengthen industrial capabilities,its cooperation with China has become increasingly important.
基金support from the Beijing Municipal Education Commission(No.SM202110038012)the Research Projects of High-end Think Tanks in the Capital(No.GDZK20230107004)+1 种基金the National Social Science Fund of China(No.2lAJY025)the Fundamental Research Funds for the Central Universities in the University of International Business and Economics(No.24SY06).
文摘The rapid development of digital industries such as artificial intelligence and big data has fundamentally transformed production, providing new opportunities for the diversification of firms. Drawing on data from the China Customs Database and the Annual Survey of Industrial Firms for 2003–2013, we employed a panel fixed effects model to examine the impact of digital industry agglomeration on firms' export product diversification. The findings revealed that, holding other conditions constant, a one-unit increase in digital industry agglomeration resulted in a significant 2.34 percent rise in export scope and a significant decrease by 0.58 percent in export concentration. Firms in digitally advanced cities and capital-intensive industries were more influenced by digital industry agglomeration in export diversification. Mechanism analysis reveals that digital industry agglomeration fostered export product diversification through innovation stimulation, information dissemination, and efficiency enhancement. Innovation was evidenced by increases in urban innovation indices and the emergence of new export products. Information dissemination boosted wholesale and retail sales, helping firms to expand export destinations. Efficiency enhancement was reflected in narrowing management efficiency gaps among firms.
基金The authors are grateful for support from the China National Social Science Foundation(Nos.19BJY192 and 23BGL151).
文摘In the context of China's efforts to establish a global network of free trade areas and diversify its export products, this study explores the impact of trade agreement depth on China's export diversification. Building upon a trade model with multiproduct firms, we discover that the effect of trade agreement depth on export diversification is multifaceted, depending on the relative magnitude of the “market expansion effect” and the “competition intensification effect.” Through empirical analysis of China's exports to 132 countries (or regions) from 2000 to 2015, we find that the deepening of trade agreements affected China's export diversification negatively. This negative correlation was predominantly due to the similarity in comparative advantages between China and its trade partners, leading to the “competition intensification effect” overshadowing the “market expansion effect.” We also note that “natural” agreements, when deepened, were more likely to affect China's export diversification adversely than their “non-natural” counterparts. Moreover, as export diversification increased, the marginal impact of deepening trade agreements exhibited an inverted U-shaped trajectory.
