Wenqi Jia
ABSTRACT
Applying data mining techniques on the dataset from outward foreign direct investment (OFDI) deals by Chinese firms, which come from 115 countries around the world between 2005 and 2017, this paper evaluates the KOF globalization index of each country quantificationally and tests the influence of "de-globalization" on China's green OFDI in energy sector. The novel aspects of our analysis are that the high degree of "de-globalization" that the host country suffered has negative effect on the volume of China's green OFDI and also the location choices. At the same time, in terms of heterogeneity, countries out of the area of “The Belt and Road Initiative” (BRI) have significant influence on China's green OFDI from "de-globalization". Under the background of China's active advocacy for the development of green foreign investment, our work digging the deep meaning of investment data, provides theoretical basis and practical enlightenment for dealing with the impact of the trend from de-globalization and the development of green foreign investment.
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