globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111803
论文题名:
Has Chinese outward foreign direct investment in energy enhanced China's energy security?
作者: Zhao Y.; Shi X.; Song F.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 146
语种: 英语
中文关键词: China ; Energy security ; Oil import ; Outward foreign direct investment
英文关键词: Developing countries ; Energy policy ; Energy security ; Mergers and acquisitions ; Developed countries ; Econometric analysis ; Energy sector ; Foreign direct investments ; Greenfield investment ; Host countries ; Micro level ; Oil import ; Investments ; econometrics ; energy market ; energy policy ; energy resource ; foreign direct investment ; import ; investment ; China
英文摘要: China's soaring outward foreign direct investment (OFDI) in the energy sector has attracted increasing attention, which is arguably intended to enhance China's energy security given its large oil deficit. This study attempts to empirically examine whether OFDI in the energy sector can help to enhance China's energy security by conducting an econometric analysis using a micro-level dataset. The results show that China's OFDI in energy does enhance its energy security by increasing the volume of oil imports from host countries for the investment and by diversifying China's sources of imports. On average, a 1% increase in energy OFDI to a country leads to a 1.2% increase in the probability of importing from that country and a 0.071% increase in the firm-level import volume. In addition, we find that the effects do not differ by investment mode (i.e. mergers and acquisitions or greenfield investments) but do differ by country type, as investments in developing countries can positively contribute to oil imports, whereas investments in developed countries do not have the same effect. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167636
Appears in Collections:气候变化与战略

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作者单位: School of Economics, Renmin University of China, China; Australia-China Relations Institute, University of Technology Sydney, Australia; School of Applied Economics, Renmin University of China, China

Recommended Citation:
Zhao Y.,Shi X.,Song F.. Has Chinese outward foreign direct investment in energy enhanced China's energy security?[J]. Energy Policy,2020-01-01,146
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