China's success in FDI: Why South Africa can learn from it

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dc.contributor.advisorEllyne, Marken_ZA
dc.contributor.authorYu, Junyanen_ZA
dc.date.accessioned2017-10-12T14:05:57Z
dc.date.available2017-10-12T14:05:57Z
dc.date.issued2017en_ZA
dc.description.abstractFollowing economic reforms in 1978, the growth of Foreign Direct Investment (FDI) into China has been dramatic. The massive FDI inflows greatly benefited China's economy and contributed to its steady and rapid economic growth. Most FDI empirical studies use panel data as it solves the problem of data limitation, but it also produces 'average' effects for the results of the group of countries under study. Thus, individual countries in the group may generate different results when tested separately with the same model. This study uses an alternative approach that focuses on finding a Vector Error Correction Model with similar macroeconomic determinants of FDI for South Africa and for China. For both countries, larger market size and more advanced technology have a positive effect on FDI inflows, whereas higher labour cost affects FDI negatively. For the China model, infrastructure has a positive influence on its FDI inflows, whereas for the South African model worker strikes have a significant negative impact on FDI. Furthermore, we find remarkable similarities regarding the sectoral composition of FDI inflows in both countries, which further highlights the potential lessons that South Africa could learn from China regarding their highly successful FDI experience.en_ZA
dc.identifier.apacitationYu, J. (2017). <i>China's success in FDI: Why South Africa can learn from it</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/25652en_ZA
dc.identifier.chicagocitationYu, Junyan. <i>"China's success in FDI: Why South Africa can learn from it."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2017. http://hdl.handle.net/11427/25652en_ZA
dc.identifier.citationYu, J. 2017. China's success in FDI: Why South Africa can learn from it. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Yu, Junyan AB - Following economic reforms in 1978, the growth of Foreign Direct Investment (FDI) into China has been dramatic. The massive FDI inflows greatly benefited China's economy and contributed to its steady and rapid economic growth. Most FDI empirical studies use panel data as it solves the problem of data limitation, but it also produces 'average' effects for the results of the group of countries under study. Thus, individual countries in the group may generate different results when tested separately with the same model. This study uses an alternative approach that focuses on finding a Vector Error Correction Model with similar macroeconomic determinants of FDI for South Africa and for China. For both countries, larger market size and more advanced technology have a positive effect on FDI inflows, whereas higher labour cost affects FDI negatively. For the China model, infrastructure has a positive influence on its FDI inflows, whereas for the South African model worker strikes have a significant negative impact on FDI. Furthermore, we find remarkable similarities regarding the sectoral composition of FDI inflows in both countries, which further highlights the potential lessons that South Africa could learn from China regarding their highly successful FDI experience. DA - 2017 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2017 T1 - China's success in FDI: Why South Africa can learn from it TI - China's success in FDI: Why South Africa can learn from it UR - http://hdl.handle.net/11427/25652 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/25652
dc.identifier.vancouvercitationYu J. China's success in FDI: Why South Africa can learn from it. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2017 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/25652en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.subject.otherForeign Direct Investmenten_ZA
dc.titleChina's success in FDI: Why South Africa can learn from iten_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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