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Induced Foreign Capital and Economical Impact through China’s Pilot Free Trade Zones to Mainland

International Research in Economics and Finance

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Field Value
 
Title Induced Foreign Capital and Economical Impact through China’s Pilot Free Trade Zones to Mainland
 
Creator Qu, Tao
Li, Shanmin
Luo, Man
Qiu, Lingying
Qu, Yan
 
Description Based on panel data between 2012 and 2016, this article compares two groups of samples, which we call experimental group and controlling group, according to whether there are FTZs located. FTZ is natured by high institutional standards, facilitate trade and investment, financial innovation and open service. We empirically examine effect of FTZs on foreign direct investment. We find obvious and positive effect of consumption pull, element agglomeration and trade-driven. Regulatory innovation fosters market vitality with less reliance on government financing. However, phenomenon of “finance deviates from the real economy” and “net capital outflow” weaken pilot FTZ’s attraction to overseas capital. More domestic capitals flow into FTZ to avoid risks caused by institutional regulation. Imported electronic business should be limited by government because it heavily squeezes out local business. Financial innovation in FTZ should better support regional industrial development.
 
Publisher July Press Pte.Ltd.
 
Contributor —
 
Date 2017-12-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.julypress.com/index.php/iref/article/view/266
10.20849/iref.v1i1.266
 
Source International Research in Economics and Finance; Vol 1, No 1 (2017); p6
2591-734X
2529-8038
 
Language eng
 
Relation http://journal.julypress.com/index.php/iref/article/view/266/217
 
Rights Copyright (c) 2017 Tao Qu, Shanmin Li, Man Luo, Lingying Qiu, Yan Qu
http://creativecommons.org/licenses/by/4.0