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Economic Zones and Firms' outward FDI: Evidence from China

Year: 2025

Type: article

Abstract: This paper contributes to the literature by identifying the casual effect of economic zones on firms' outward FDI. Using the data of Annual Survey of Industrial Firms (ASIF) merged with List of Chinese Firms' FDI, empirical results present the promoting effect of economic zones on firms' FDI and the mechanism of firms' productivity and financing constraints. After the robustness test, the results remain valid. Finally, this paper documents some heterogeneity of the effects across the types of economic zones, firms and FDI.

Source: 经济学报.

DOI: 10.26599/cje.2025.9300302

Authors: Guofeng Zhang, Junru Chen, He Li

Institution: University of International Business and Economics

Language: English

Topic: Economic Zones and Regional Development

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: bronze

OpenAlex ID: W7128523188