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| How Does Anti-dumping Affect the Binary Margins of Outward Direct Investment? |
| YANG Lianxing, LIU Xiaoguang
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Facluty of Economics and Management School of Economics, East China Normal University;
National Academy of Development and Strategy, Renmin University of China |
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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.
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Received: 01 March 2017
Published: 02 April 2018
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