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Research on the Investment Effect of Chinese Cultural “Going Out” —Empirical Evidence from the Countries along the “Belt and Road”

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Document pages: 11 pages

Abstract: Thispaper is based on 2006-2017 relevant data of 56 countries along the “Belt andRoad” to find out the investment effect of cultural “going out”. The empirical results show that: cultural “going out” has asignificant promotion effect on China’s foreign direct investment; this effecthas national heterogeneity, which is more effective for emerging markets anddeveloping countries; for some traditional influence factors, such astraditional GDP per capita and time for diplomatic relations, cultural “going out”has a substitution effect. Finally, according to the empirical results, putforward targeted suggestions.

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