How Does Anti-dumping Affect the Binary Margins of Outward Direct Investment?
YANG Lianxing, LIU Xiaoguang
Facluty of Economics and Management School of Economics, East China Normal University; National Academy of Development and Strategy, Renmin University of China
Abstract:
In terms of the influence of anti-dumping on foreign direct investment of enterprises, the previous studies often ignored the structural characteristics of OFDI. By building the relevant theoretical models and the binary margins of FDI, empirical analysis shows that the dual effects of anti-dumping on FDI varies significantly. When it comes to investment industries, anti-dumping promoted the expansion of investment scale and investment scope in the energy industry and metal industry to a certain extent, but to a certain extent suppressed the expansion of transportation industry. In terms of target countries, anti-dumping can significantly promote the growth of enterprises' dual marginal investment in developed and resource-based economies, but the promotion effect on investment in emerging economies is not significant. Therefore, as the anti-dumping against China enters the stage of “normalization”, enterprises should actively respond rationally and strive to minimize the negative impact of trade protection.
杨连星, 刘晓光. 反倾销如何影响了对外直接投资的二元边际[J]. 金融研究, 2017, 450(12): 64-79.
YANG Lianxing, LIU Xiaoguang. How Does Anti-dumping Affect the Binary Margins of Outward Direct Investment?. Journal of Financial Research, 2017, 450(12): 64-79.
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