外商直接投资
知识产权
中国
面板数据
寄主(生物学)
开放的体验
业务
国际贸易
国内生产总值
国际经济学
经济
经济增长
地理
操作系统
考古
计量经济学
宏观经济学
生物
社会心理学
计算机科学
生态学
心理学
作者
Fengchun Li,Ting Liang,Xun Zhou
标识
DOI:10.1016/j.ribaf.2021.101476
摘要
This paper empirically analyses the impact of a host country’s intellectual property (IP) protection on Chinese outward foreign direct investment (OFDI), employing panel data of 109 host countries’ FDI stocks and IP protection levels. Based on the regression results, it is concluded that the host country’s IP protection has a significant impact on Chinese OFDI. By including an interaction term into the regression, it can be seen that a host country’s trade openness enhances the influence of intellectual property protection on OFDI. Using subsample regressions, it was found that the positive effect of the protection of IP rights by the host country on China’s OFDI is stronger in the countries along China’s ‘Belt and Road’ initiative. For a subsample of countries with a lower degree of IP protection than China, the positive effect of IP protection is weaker than in ones with a higher IP protection level. The results obtained through a threshold regression, show that host countries can be divided into three categories, based on gross domestic product per capita, namely low, medium and high development levels. The higher the level of economic development of the host country, the greater the impact of IP protection on China’s OFDI. The host countries are also categorised into low-, medium- and high-level IP protection levels. As the level of a host country’s IP protection improves, it promotes OFDI from China.
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