气候变化领域集成服务门户(CCPortal): Has Chinese outward foreign direct investment in energy enhanced China's energy security?

CCPortal

DOI	10.1016/j.enpol.2020.111803
	Has Chinese outward foreign direct investment in energy enhanced China's energy security?
	Zhao Y.; Shi X.; Song F.
发表日期	2020
ISSN	03014215
卷号	146
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
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
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204964
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
推荐引用方式 GB/T 7714	Zhao Y.,Shi X.,Song F.. Has Chinese outward foreign direct investment in energy enhanced China's energy security?[J],2020,146.
APA	Zhao Y.,Shi X.,&Song F..(2020).Has Chinese outward foreign direct investment in energy enhanced China's energy security?.Energy Policy,146.
MLA	Zhao Y.,et al."Has Chinese outward foreign direct investment in energy enhanced China's energy security?".Energy Policy 146(2020).