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Business Geography Keynote - The impact of Chinese FDI in Africa: Evidence from Ethiopia
Topics: Business Geography
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Keywords: Foreign direct investment (FDI), Domestic investment, Growth, China, Africa, Ethiopia Session Type: Virtual Paper Day: Friday Session Start / End Time: 4/9/2021 01:30 PM (Pacific Time (US & Canada)) - 4/9/2021 02:45 PM (Pacific Time (US & Canada)) Room: Virtual 5
Authors:
Riccardo Crescenzi, London School of Economics
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Abstract
The Impact of Chinese FDI in Africa – our keynote speaker Dr. Riccardo Crescenzi exploits exogenous variation in China’s export taxes to investigate the impact of Chinese foreign direct investment (FDI) in Ethiopia. He will discuss how higher sector-specific export taxes in China lead to more Chinese FDI in Ethiopian districts specialized in those sectors and generate highly heterogeneous effects, and how domestic firms competing with Chinese FDI reduce their sales, investment, inputs, and prices, while firms in upstream and downstream sectors expand. The focus of the keynote will build a 20-year district panel of night lights and observe that Chinese FDI leads to no instantaneous impact on local growth, but significant and persistently positive effects after 6-12 years.
Business Geography Keynote - The impact of Chinese FDI in Africa: Evidence from Ethiopia