Motives of Inward FDI and Subsequent Outward FDI: Subnational Evidence from China

Literature on inward-outward FDI relationship is inconclusive, even though the topic is under studied. This research attempts to understand the relationship by considering the heterogeneity of IFDI, namely the motives of IFDI. Different motives of inward investment vary in knowledge content and their interaction with local firms, which affects the efficiency of FDI knowledge spillover. We theorize the nature of inward-outward FDI relationship by...