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>Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”
Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”
This paper is based on 2006-2017 relevant data of 56 countries along the “Belt and Road” to find out the investment effect of cultural “going out”. The empirical results show that: cultural “going out” has a significant promotion effect on China’s foreign direct investment;this effect has national heterogeneity, which is more effective for emerging markets and developing countries;for some traditional influence factors, such as traditional GDP per capita and time for diplomatic relations, cultural “going out” has a substitution effect. Finally, according to the empirical results, put forward targeted suggestions.
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