| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13435 |
| 来源ID | Working Paper 13435 |
| Institutions and Foreign Investment: China versus the World | |
| Joseph P.H. Fan; Randall Morck; Lixin Colin Xu; Bernard Yeung | |
| 发表日期 | 2007-09-21 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China's institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China's paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its institutions and its economic track record. Institutions clearly determine a country's allure as an FDI destination, but standard measures of institutional quality can be problematic for countries undergoing rapid institutional development, and can usefully be augmented by economic track record measures. Deng Xiaoping's 1993 "southern tour" heralded sweeping reforms, and this regime shift is insufficiently reflected in commonly used measures of institutional quality. China's FDI inflow surge after these reforms resembles similar post-regime shift surges in the East Bloc, and so is also unexceptional. Recent arguments that China's FDI inflow is inefficiently large because weak institutions deter domestic investment while special initiatives attract FDI are thus either unsupported or not unique to China. |
| 主题 | International Economics ; International Factor Mobility ; Financial Economics ; Financial Markets ; Corporate Finance ; Development and Growth ; Development ; Growth and Productivity ; Country Studies ; Other ; Economic Systems |
| URL | https://www.nber.org/papers/w13435 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571108 |
| 推荐引用方式 GB/T 7714 | Joseph P.H. Fan,Randall Morck,Lixin Colin Xu,et al. Institutions and Foreign Investment: China versus the World. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13435.pdf（229KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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