Abstract The influence of national institutional differences on the spatial layout of OFDI of Chinese enterprises has become increasingly prominent. By constructing the SDID Modal, this paper examines the impact of institutional differences on the spatial distribution of OFDI in China from the aspects of overall impact, regional comparison and time trend. The empirical results show that the overall OFDI distribution in China is spatially related, and the spatial radiation effect is gradually expanding.The influence of institutional differences on China's OFDI layout has an “asymmetric effect”, and the OFDI layout of enterprises is characterized by “pursuing institutional strong countries and avoiding institutional weak countries”. Besides, the OFDI motivation of Chinese enterprises shows regional differences. For investment in “Belt and Road Initiative” countries, Chinese enterprises show significant motivation to seek resources, while for “Non-Belt and Road Initiative” countries, they show significant motivation to seek technology. Finally, the “Belt and Road Initiative” is producing positive spatial spillover effects. And it can adjust the impact of institutional differences on China's OFDI reversely , but its reverse regulatory power has not been brought into full play.
XU Weicong. The Influence of Institutional Differences on the Spatial Layout of OFDI in China —Analysis Based on SDID Model. Economic Survey, 2021, 38(3): 044.
2021, Vol. 38 
