The role of Chinese investments in the bilateral exports of new E.U. member states and Western Balkan countries

This paper explores the economic relations between China and new E.U. member states and Western Balkan countries. China is an important trade partner for these countries, but in recent years the cooperation has been extended to include Chinese foreign direct investments (F.D.I.) inward investment. U...

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Bibliographic Details
Published in:Economic research - Ekonomska istraživanja 2018-01, Vol.31 (1), p.1185-1197
Main Authors: Jacimovic, D., Dragutinović Mitrović, R., Bjelić, P., Tianping, K., Rajkovic, M.
Format: Article
Language:English
Subjects:
Alliances
C.E.E.C. export
China and C.E.E.C. relations
Chinese F.D.I
Cooperation
Economic models
Economic theory
Exports
Foreign investment
Gravity
International economic relations
International trade
Longitudinal studies
panel data
Stabilization
Trade and F.D.I
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Summary:This paper explores the economic relations between China and new E.U. member states and Western Balkan countries. China is an important trade partner for these countries, but in recent years the cooperation has been extended to include Chinese foreign direct investments (F.D.I.) inward investment. Using the Poisson pseudo-maximum likelihood (P.P.M.L.) method to estimate a gravity model of bilateral trade, this study analysed the export flows of these countries as a function of total inward F.D.I. and Chinese F.D.I. as well. The results imply that F.D.I. inflows from China significantly increase the bilateral exports of the investigated countries, where F.D.I. has a greater impact on the exports of new E.U. member states than on Western Balkan countries.
ISSN:1331-677X
1848-9664
DOI:10.1080/1331677X.2018.1456357