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Chen, Y., Sun, Q. and Zhang, X. (2017) Will Confucius Institute Promote Outward Foreign Direct Investment?—Based on the Panel Data of the Countries along “The Belt and Road”. Journal of International Trade, No. 8, 84-95.

has been cited by the following article:

• TITLE: Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”

  AUTHORS: Hong Wei, Bin Zhao, Yawen Hou

  KEYWORDS: Confucius Institute, The “Belt and Road”, China’s OFDI, LSDV Model

  JOURNAL NAME: Open Journal of Statistics, Vol.10 No.3, June 24, 2020

  ABSTRACT: This paper is based on 2006-2017 relevant data of 56 countries along the “Belt and Road” to find out the investment effect of cultural “going out”. The empirical results show that: cultural “going out” has a significant promotion effect on China’s foreign direct investment; this effect has national heterogeneity, which is more effective for emerging markets and developing countries; for some traditional influence factors, such as traditional GDP per capita and time for diplomatic relations, cultural “going out” has a substitution effect. Finally, according to the empirical results, put forward targeted suggestions.