Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Empirical Study on the Influence of RCEP Countries’ Trade Facilitation Level on China's OFDI

Authors
Wanting Sun1, *, Lixin Ye1
1School of Economics and Management, Nanjing University of Science and Technology, Nanjing, 210000, China
*Corresponding author. Email: 2893461932@qq.com
Corresponding Author
Wanting Sun
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_166How to use a DOI?
Keywords
Trade facilitation level; Outward foreign direct investment (OFDI); RCEP countries
Abstract

The study builds a trade facilitation measurement system by selecting 4 primary indicators and 15 secondary indicators to measure RCEP countries’ trade facilitation level. Then, establishing a panel fixed effect model to study the influence of RCEP countries’ trade facilitation level on China's OFDI, with comprehensive indicators of trade facilitation as explanatory variables and GDP of the host country and exchange rate level between countries as control variables. It is found that the RCEP countries’ trade facilitation level can promote China's OFDI significantly. Therefore, China should strengthen economic and trade cooperation with organizational members, actively promote the infrastructure construction of countries with relatively background RCEP trade facilitation level, deepen financial business cooperation, and promote the investment of Chinese enterprises in RCEP countries.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_166
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_166How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wanting Sun
AU  - Lixin Ye
PY  - 2022
DA  - 2022/12/27
TI  - Empirical Study on the Influence of RCEP Countries’ Trade Facilitation Level on China's OFDI
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1461
EP  - 1469
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_166
DO  - 10.2991/978-94-6463-098-5_166
ID  - Sun2022
ER  -