Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe?
This paper aims to empirically verify the possible existence of “a Chinese effect ”, that is, a substitution effect between the Chinese and the EU-15 investment in the Central and Eastern European (CEE) region, which has been recently involved in the Belt and Road and 17+1 Initiatives. Such an effe...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Institute of International Relations Prague
2022-10-01
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| Series: | Czech Journal of International Relations |
| Subjects: | |
| Online Access: | https://cjir.iir.cz/index.php/cjir/article/view/5 |
| _version_ | 1828088058876002304 |
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| author | Ľubica Štiblárová Anna Junáková Jana Gregová |
| author_facet | Ľubica Štiblárová Anna Junáková Jana Gregová |
| author_sort | Ľubica Štiblárová |
| collection | DOAJ |
| description |
This paper aims to empirically verify the possible existence of “a Chinese effect ”, that is, a substitution effect between the Chinese and the EU-15 investment in the Central and Eastern European (CEE) region, which has been recently involved in the Belt and Road and 17+1 Initiatives. Such an effect can result from the strengthened political orientation of several CEE authoritarian populist and illiberal elites towards China, which can, in turn, discourage the EU-15 from investing in the CEE region. Despite intensified Sino-CEE political relations, the results of the analysis conducted on 15 CEE countries during 2010–2018 suggest that the Chinese FDI does not substitute for investment from the EU-15 market since the expectations regarding the FDI cooperation between China and the CEE region have not been met. Moreover, most of the Chinese investment has been made via mergers and acquisitions, and not via greenfield FDI, which may lead to exaggerations of the relatively weak Chinese influence in the CEE region.
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| first_indexed | 2024-04-11T05:21:02Z |
| format | Article |
| id | doaj.art-9105cd49ab4e41579beabfb62310c0bb |
| institution | Directory Open Access Journal |
| issn | 0323-1844 2570-9429 |
| language | English |
| last_indexed | 2024-04-11T05:21:02Z |
| publishDate | 2022-10-01 |
| publisher | Institute of International Relations Prague |
| record_format | Article |
| series | Czech Journal of International Relations |
| spelling | doaj.art-9105cd49ab4e41579beabfb62310c0bb2022-12-24T03:39:53ZengInstitute of International Relations PragueCzech Journal of International Relations0323-18442570-94292022-10-0157210.32422/cjir.55Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe?Ľubica Štiblárová0Anna Junáková1Jana Gregová2Technical University of Košice, SlovakiaSlovak Chamber of Commerce and Industry, Košice Regional Chamber SOPK, SlovakiaPavol Jozef Šafárik University in Košice, Slovakia This paper aims to empirically verify the possible existence of “a Chinese effect ”, that is, a substitution effect between the Chinese and the EU-15 investment in the Central and Eastern European (CEE) region, which has been recently involved in the Belt and Road and 17+1 Initiatives. Such an effect can result from the strengthened political orientation of several CEE authoritarian populist and illiberal elites towards China, which can, in turn, discourage the EU-15 from investing in the CEE region. Despite intensified Sino-CEE political relations, the results of the analysis conducted on 15 CEE countries during 2010–2018 suggest that the Chinese FDI does not substitute for investment from the EU-15 market since the expectations regarding the FDI cooperation between China and the CEE region have not been met. Moreover, most of the Chinese investment has been made via mergers and acquisitions, and not via greenfield FDI, which may lead to exaggerations of the relatively weak Chinese influence in the CEE region. https://cjir.iir.cz/index.php/cjir/article/view/5foreign direct investmentChinasoft powerCentral and Eastern Europe |
| spellingShingle | Ľubica Štiblárová Anna Junáková Jana Gregová Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? Czech Journal of International Relations foreign direct investment China soft power Central and Eastern Europe |
| title | Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? |
| title_full | Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? |
| title_fullStr | Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? |
| title_full_unstemmed | Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? |
| title_short | Is There “a Chinese Effect” On EU-15 Foreign Direct Investment in Central and Eastern Europe? |
| title_sort | is there a chinese effect on eu 15 foreign direct investment in central and eastern europe |
| topic | foreign direct investment China soft power Central and Eastern Europe |
| url | https://cjir.iir.cz/index.php/cjir/article/view/5 |
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