The Janus face of stateness: China's development-oriented equity investments in Africa
Author
Abstract
Suggested Citation
DOI: 10.1016/j.worlddev.2022.106133
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Justin Yifu Lin, 2018. "China’s Rise and Opportunity for Structural Transformation in Africa," Journal of African Economies, Centre for the Study of African Economies, vol. 27(suppl_1), pages 15-28.
- Yeong Chi & Marvin Lovett & Orson Chi, 2017. "Gaming Motivations among American College Students," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(6), pages 211-211, May.
- Trebesch, Christoph & Gelpern, Anna & Horn, Sebastian & Morris, Scott & Parks, Bradley, 2021.
"How China Lends: A Rare Look into 100 Debt Contracts with Foreign Governments,"
CEPR Discussion Papers
16331, C.E.P.R. Discussion Papers.
- Anna Gelpern & Sebastian Horn & Scott Morris & Brad Parks & Christoph Trebesch, 2021. "How China lends: A rare look into 100 debt contracts with foreign governments," Working Paper Series WP21-7, Peterson Institute for International Economics.
- Humphrey, Chris & Michaelowa, Katharina, 2019. "China in Africa: Competition for traditional development finance institutions?," World Development, Elsevier, vol. 120(C), pages 15-28.
- Mariana Mazzucato & Caetano C.R. Penna, 2016.
"Beyond market failures: the market creating and shaping roles of state investment banks,"
Journal of Economic Policy Reform,
Taylor & Francis Journals, vol. 19(4), pages 305-326, October.
- Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond market failures: The market creating and shaping roles of state investment banks," SPRU Working Paper Series 2014-21, SPRU - Science Policy Research Unit, University of Sussex Business School.
- Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond Market Failures: The Market Creating and Shaping Roles of State Investment Banks," Working Papers Series 7, Institute for New Economic Thinking.
- Mariana Mazzucato & Caetano C.R. Penna, 2015. "Beyond Market Failures: The Market Creating and Shaping Roles of State Investment Banks," Economics Working Paper Archive wp_831, Levy Economics Institute.
- Brand, Claus & Goy, Gavin W & Lemke, Wolfgang, 2020.
"Natural rate chimera and bond pricing reality,"
VfS Annual Conference 2020 (Virtual Conference): Gender Economics
224546, Verein für Socialpolitik / German Economic Association.
- Brand, Claus & Goy, Gavin & Lemke, Wolfgang, 2021. "Natural rate chimera and bond pricing reality," Working Paper Series 2612, European Central Bank.
- Carrai, Maria Adele, 2021. "Adaptive governance along Chinese-financed BRI railroad megaprojects in East Africa," World Development, Elsevier, vol. 141(C).
- Lin,Justin Yifu & Wang,Yan, 2017.
"Going Beyond Aid,"
Cambridge Books,
Cambridge University Press, number 9781107153295, November.
- Lin,Justin Yifu & Wang,Yan, 2017. "Going Beyond Aid," Cambridge Books, Cambridge University Press, number 9781316607152, November.
- Gregory T. Chin & Kevin P. Gallagher, 2019. "Coordinated Credit Spaces: The Globalization of Chinese Development Finance," Development and Change, International Institute of Social Studies, vol. 50(1), pages 245-274, January.
- Roger Leeds & Julie Sunderland, 2003. "Private Equity Investing In Emerging Markets," Journal of Applied Corporate Finance, Morgan Stanley, vol. 15(4), pages 111-119, September.
- Xiaofang Shen, 2015. "Private Chinese Investment in Africa: Myths and Realities," Development Policy Review, Overseas Development Institute, vol. 33(1), pages 83-106, January.
- Zeng,Zhihua, 2015. "Global experiences with special economic zones : focus on China and Africa," Policy Research Working Paper Series 7240, The World Bank.
- Sarah Bracking, 2012. "How do Investors Value Environmental Harm/Care? Private Equity Funds, Development Finance Institutions and the Partial Financialization of Nature-based Industries," Development and Change, International Institute of Social Studies, vol. 43(1), pages 271-293, January.
- Michael Schwan & Christine Trampusch & Florian Fastenrath, 2021. "Financialization of, not by the State. Exploring Changes in the Management of Public Debt and Assets across Europe," Review of International Political Economy, Taylor & Francis Journals, vol. 28(4), pages 820-842, July.
- Gong, Xue, 2021. "Logics of appropriateness: Explaining Chinese Financial Institutions’ weak supervision of overseas financing," World Development, Elsevier, vol. 142(C).
- Charles Gore & Jiajun Xu & Richard Carey, 2015. "Post‐2015 Global Governance of Official Development Finance: Harnessing the Renaissance of Public Entrepreneurship," Journal of International Development, John Wiley & Sons, Ltd., vol. 27(6), pages 856-880, August.
- Deborah Bräutigam & Kevin P. Gallagher, 2014. "Bartering Globalization: China's Commodity-backed Finance in Africa and Latin America," Global Policy, London School of Economics and Political Science, vol. 5(3), pages 346-352, September.
- Xu Jiajun, 2017. "Market Maker: The Role of China Development Bank in Incubating Market," Man and the Economy, De Gruyter, vol. 4(2), pages 1-23, December.
- Chichava, Sergio, 2014. "Chinese Agricultural Investment in Mozambique: the Case of Wanbao Rice Farm," SAIS-CARI Policy Briefs 02/2014, Johns Hopkins University, School of Advanced International Studies (SAIS), China Africa Research Initiative (CARI).
- Kaplan,Stephen B., 2021. "Globalizing Patient Capital," Cambridge Books, Cambridge University Press, number 9781316632048, November.
- Kaplan,Stephen B., 2021. "Globalizing Patient Capital," Cambridge Books, Cambridge University Press, number 9781107182318, November.
- Corsepius, Uwe & Nunnenkamp, Peter & Schweickert, Rainer, 1989. "Debt versus equity finance in developing countries: An empirical analysis of the agent-principal model of internat. capital transfers," Open Access Publications from Kiel Institute for the World Economy 328, Kiel Institute for the World Economy (IfW Kiel).
- Kristen Hopewell, 2021. "Power transitions and global trade governance: The impact of a rising China on the export credit regime," Regulation & Governance, John Wiley & Sons, vol. 15(3), pages 634-652, July.
- Myriam Dahman Saidi & Christina Wolf, 2011. "Recalibrating Development Co-operation: How Can African Countries Benefit from Emerging Partners?," OECD Development Centre Working Papers 302, OECD Publishing.
- Mariana Mazzucato & Caetano C.R. Penna, 2016.
"Beyond market failures: the market creating and shaping roles of state investment banks,"
Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 19(4), pages 305-326, October.
- Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond market failures: The market creating and shaping roles of state investment banks," SPRU Working Paper Series 2014-21, SPRU - Science Policy Research Unit, University of Sussex Business School.
- Mariana Mazzucato & Caetano C.R. Penna, 2014. "Beyond Market Failures: The Market Creating and Shaping Roles of State Investment Banks," Working Papers Series 7, Institute for New Economic Thinking.
- Mariana Mazzucato & Caetano C.R. Penna, 2015. "Beyond Market Failures: The Market Creating and Shaping Roles of State Investment Banks," Economics Working Paper Archive wp_831, Levy Economics Institute.
- World Bank, 2021. "World Bank Group Approaches to Mobilize Private Capital for Development," World Bank Publications - Books, The World Bank Group, number 35040.
- Julian Gruin & Peter Knaack & Jiajun Xu, 2018. "Tailoring for Development: China's Post‐crisis Influence in Global Financial Governance," Global Policy, London School of Economics and Political Science, vol. 9(4), pages 467-478, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Tianyi Wu, 2024. "The Political Economy of Variations in Energy Debt Financing by Two Chinese Policy Banks in Africa," Development and Change, International Institute of Social Studies, vol. 55(6), pages 1259-1288, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Muyang Chen, 2021. "China–Japan development finance competition and the revival of mercantilism," Development Policy Review, Overseas Development Institute, vol. 39(5), pages 811-828, September.
- Janssen, Matthijs J. & Abbasiharofteh, Milad, 2022. "Boundary spanning R&D collaboration: Key enabling technologies and missions as alleviators of proximity effects?," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
- D’Orazio, Paola & Valente, Marco, 2019. "The role of finance in environmental innovation diffusion: An evolutionary modeling approach," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 417-439.
- Xu, Jiajun & Ru, Xinshun & Song, Pengcheng, 2021. "Can a new model of infrastructure financing mitigate credit rationing in poorly governed countries?," Economic Modelling, Elsevier, vol. 95(C), pages 111-120.
- Odeh Al-Jayyousi & Hira Amin & Hiba Ali Al-Saudi & Amjaad Aljassas & Evren Tok, 2023. "Mission-Oriented Innovation Policy for Sustainable Development: A Systematic Literature Review," Sustainability, MDPI, vol. 15(17), pages 1-21, August.
- Waidelich, Paul & Steffen, Bjarne, 2024. "Renewable energy financing by state investment banks: Evidence from OECD countries," Energy Economics, Elsevier, vol. 132(C).
- Marson, Marta & Savin, Ivan, 2022. "Complementary or adverse? Comparing development results of official funding from China and traditional donors in Africa," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 189-206.
- Maria Alejandra RIAÑO & Jihane BOUTAYBI & Damien BARCHICHE & Sébastien TREYER, 2020. "Scaling up public development banks’ transformative alignment with the 2030 Agenda for Sustainable Development," Working Paper 8ae70006-df09-4050-910f-c, Agence française de développement.
- Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2021.
"China's overseas lending,"
Journal of International Economics, Elsevier, vol. 133(C).
- Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2019. "China's overseas lending," Kiel Working Papers 2132, Kiel Institute for the World Economy (IfW Kiel).
- Trebesch, Christoph & Horn, Sebastian & Reinhart, Carmen, 2019. "China's Overseas Lending," CEPR Discussion Papers 13867, C.E.P.R. Discussion Papers.
- Sebastian Horn & Carmen M. Reinhart & Christoph Trebesch, 2019. "China’s Overseas Lending," NBER Working Papers 26050, National Bureau of Economic Research, Inc.
- Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2020. "China’s Overseas Lending," Working Papers 11, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
- Zareh Asatryan & Annika Havlik, 2020.
"The political economy of multilateral lending to European regions,"
The Review of International Organizations, Springer, vol. 15(3), pages 707-740, July.
- Asatryan, Zareh & Havlik, Annika, 2019. "The political economy of multilateral lending to European regions," ZEW Discussion Papers 19-046, ZEW - Leibniz Centre for European Economic Research.
- Zareh Asatryan & Annika Havlik, 2019. "The Political Economy of Multilateral Lending to European Regions," EconPol Working Paper 35, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Briera, Thibault & Lefèvre, Julien, 2024. "Reducing the cost of capital through international climate finance to accelerate the renewable energy transition in developing countries," Energy Policy, Elsevier, vol. 188(C).
- Lu, Yangsiyu & Springer, Cecilia & Steffen, Bjarne, 2024. "Cofinancing and infrastructure project outcomes in Chinese lending and overseas development finance," World Development, Elsevier, vol. 175(C).
- Soh Young In & Ashby H. B. Monk & Janelle Knox-Hayes, 2020. "Financing Energy Innovation: The Need for New Intermediaries in Clean Energy," Sustainability, MDPI, vol. 12(24), pages 1-25, December.
- Laplane, Andrea & Mazzucato, Mariana, 2020. "Socializing the risks and rewards of public investments: Economic, policy, and legal issues," Research Policy, Elsevier, vol. 49(S).
- Mariana Mazzucato & Rainer Kattel & Josh Ryan-Collins, 2020. "Challenge-Driven Innovation Policy: Towards a New Policy Toolkit," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 421-437, June.
- Zhang, Liyunpeng & Li, Xiao & Zhuang, Yuhang & Li, Ningning, 2022. "World Bank aid and local multidimensional poverty in Sub-Saharan Africa," Economic Modelling, Elsevier, vol. 117(C).
- Niklas Elert & Magnus Henrekson, 2022.
"Collaborative Innovation Blocs and Mission-Oriented Innovation Policy: An Ecosystem Perspective,"
International Studies in Entrepreneurship, in: Karl Wennberg & Christian Sandström (ed.), Questioning the Entrepreneurial State, pages 345-367,
Springer.
- Elert, Niklas & Henrekson, Magnus, 2021. "Collaborative Innovation Blocs and Mission-Oriented Innovation Policy: An Ecosystem Perspective," Working Paper Series 1406, Research Institute of Industrial Economics.
- Asmus, Gerda & Eichenauer, Vera & Fuchs, Andreas & Parks, Bradley, 2021.
"Does India use development finance to compete with China? A subnational analysis,"
Kiel Working Papers
2189, Kiel Institute for the World Economy (IfW Kiel).
- Gerda Asmus & Vera Eichenauer & Andreas Fuchs & Bradley C. Parks, 2022. "Does India Use Development Finance to Compete With China? A Subnational Analysis," KOF Working papers 22-500, KOF Swiss Economic Institute, ETH Zurich.
- Anush Kapadia, 2017. "The structure of state borrowing: towards a political theory of control mechanisms," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 189-204.
- Janssen, Matthijs J. & Abbasiharofteh, Milad, 2022. "Boundary spanning R&D collaboration: Key enabling technologies and missions as alleviators of proximity effects?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 180.
More about this item
Keywords
China; Africa; Role of the State; Equity investment; Development finance;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:162:y:2023:i:c:s0305750x22003230. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/worlddev .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.