TY - JOUR
T1 - Disentangling China's Infrastructure Investment in Africa
T2 - A Symbiotic Partnership or an Unequal Substitute for African Resources?
AU - Bo, Hong
AU - Johan, Sofia
AU - Lawal, Rodiat
AU - Sakariyahu, Rilwan
N1 - Publisher Copyright:
© 2025 The Author(s). British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management.
PY - 2025/3/31
Y1 - 2025/3/31
N2 - This paper examines how China's infrastructure investment influences African exports to China. We analyse data from 46 African countries and 14 industries that have received China's infrastructure investment from 2005 to 2019. Our results show that China's infrastructure investment in the primary sector has led to more African exports to China (i.e. resource-seeking). In contrast, investment in the non-primary sector has had a substitution effect on African exports to China (i.e. market-seeking). We find that China's infrastructure investment in Africa is driven mainly by resource-seeking. We further document that both the host country's endowment of natural resources and the resources for infrastructure arrangement moderate the positive impact of China's infrastructure investment on African exports to China. These results consistently confirm that China's infrastructure investment in Africa has facilitated China's access to African natural resources.
AB - This paper examines how China's infrastructure investment influences African exports to China. We analyse data from 46 African countries and 14 industries that have received China's infrastructure investment from 2005 to 2019. Our results show that China's infrastructure investment in the primary sector has led to more African exports to China (i.e. resource-seeking). In contrast, investment in the non-primary sector has had a substitution effect on African exports to China (i.e. market-seeking). We find that China's infrastructure investment in Africa is driven mainly by resource-seeking. We further document that both the host country's endowment of natural resources and the resources for infrastructure arrangement moderate the positive impact of China's infrastructure investment on African exports to China. These results consistently confirm that China's infrastructure investment in Africa has facilitated China's access to African natural resources.
UR - http://www.scopus.com/inward/record.url?scp=105002018206&partnerID=8YFLogxK
U2 - 10.1111/1467-8551.12912
DO - 10.1111/1467-8551.12912
M3 - Article
SN - 1467-8551
JO - British Journal of Management
JF - British Journal of Management
ER -
