Foreign direct investment dynamics, innovation, and economic growth in China and Europe : theoretical, empirical, and policy perspectives / by Tian Xiong. Wuppertal, December 2022
Content
ACKNOWLEDGEMENTS
PREFACE
TABLE OF CONTENTS
LIST OF TABLES
LIST OF FIGURES
CHAPTER 1 - INTRODUCTION
1.1 General Introduction
1.1.1 Innovation, financial market, and economic growth of the modern economy
1.1.2 Innovation and FDI in China
1.1.3 Financial markets and economic disintegration in the European Union
1.2 General Framework
1.3 Chapter Overview
CHAPTER 2 - THE EFFECTS OF FOREIGN DIRECT INVESTMENT ON REGIONAL INNOVATION CAPACITY IN CHINA
2.1 Introduction
2.2 Conceptual Background and Hypotheses
2.3 Model Specification
2.4 Data Description
2.4.1 Data source and selection
2.4.1.1 Patent
2.4.1.2 FDI stock intensity
2.4.1.3 R&D researchers’ input
2.4.1.4 GDP per capita
2.4.1.5 Export-GDP ratio
2.4.1.6 Human capital
2.4.1.7 Information and communication technology infrastructure
2.4.2 Descriptive results
2.5 Empirical Analysis
2.6 Conclusion and Discussion
CHAPTER 3 - MERGERS AND ACQUISITIONS BY CHINESE MULTINATIONALS IN EUROPE: THE EFFECTS ON THE INNOVATION PERFORMANCE OF ACQUIRING FIRMS
3.1 Introduction
3.2 Related Literature
3.3 Hypotheses
3.3.1 M&A and innovation for Chinese multinationals
3.3.2 Multinationals with different degrees of technological intensity
3.3.3 Multinationals with different types of corporate ownership
3.3.4 Interaction of high technological intensity and corporate ownership types
3.4 Methods
3.4.1 Sample
3.4.2 Variables
3.4.2.1 Patent
3.4.2.2 M&A
3.4.2.3 Technological intensity classifications
3.4.2.4 Corporate ownership type
3.4.2.5 Control variables
3.4.3 Empirical method
3.5 Results
3.6 Conclusion and Discussion
CHAPTER 4 - BREXIT PERSPECTIVES: FINANCIAL MARKET DYNAMICS, WELFARE ASPECTS AND PROBLEMS FROM SLOWER GROWTH
4.1 Introduction
4.2 UK Growth Aspects in the Context of Brexit, FDI, and Protectionisms
4.3 Theoretical Perspective on Long-Run Growth
4.4 Financial Market Perspectives
4.4.1 Brexit in the Branson Model and overshooting aspects: A medium-term perspective
4.4.1.1 Brexit in the Branson Model
4.4.1.2 Dornbusch-type Overshooting Aspects and Elasticity Considerations
4.4.2 UK welfare loss: Money market aspects
4.4.3 GBP foreign reserve holdings: Welfare aspects
4.4.4 Long-term equilibrium and welfare gains from holding real money balances
4.4.5 What to expect for UK FDI and international capital flows post-Brexit
4.5 Financial Services Barrier Dynamics
4.5.1 How will the quality of financial markets evolve in the context of Brexit?
4.5.2 Financial market quality and new challenges
4.5.3 Empirical analysis of the cross-border barriers in financial services
4.6 Policy Conclusions
4.7 Appendix
CHAPTER 5 - GENERAL DISCUSSION AND CONCLUSION
REFERENCE