FDI Location Choice of Cultural Distance and Institutional Distance: Some Empirical Evidence
Author:Yuhan Wang Author Unit: School of Economics, Capital University of Economics and Business, Beijing 100071, People’s Republic of China
Abstract：Foreign direct investment (Outward Foreign Direct Investment, OFDI) is a country connecting domestic and international market, expand economic and trade cooperation of friends important way.Benefiting from economic globalization, internationalization of expending of global value chain, from reform and opening up to the implementation of the Go Global strategy in 2001 and the proposal of the One Belt And One Road initiative in 2013, Chinas foreign direct investment (OFDI) has grown quickly, with significant improvement in scale and quality. According to the statistics of UNCTADs World Investment Report 2020, Chinas OFDI stock increased from US $27.768 billion in 2000 to US $219.88 billion in 2019, accounting for 6.4％ of the global total OFDI in 2019, up from 0.375％ in 2000.Chinas OFDI has achieved a win-win effect in the home and host countries, and has become an crucial part to boost the development of the international economic and trade system.
Keywords：Foreign direct investment; Institutional distance; Market size of host country; Natural resource
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