In order to explore the nonlinear structure hidden in high-dimensional data, some dimen-sion reduction techniques have been developed, such as the Projection Pursuit technique (PP).However, PP will involve enormous co...In order to explore the nonlinear structure hidden in high-dimensional data, some dimen-sion reduction techniques have been developed, such as the Projection Pursuit technique (PP).However, PP will involve enormous computational load. To overcome this, an inverse regressionmethod is proposed. In this paper, we discuss and develop this method. To seek the interestingprojective direction, the minimization of the residual sum of squares is used as a criterion, andspline functions are applied to approximate the general nonlinear transform function. The algo-rithm is simple, and saves the computational load. Under certain proper conditions, consistencyof the estimators of the interesting direction is shown.展开更多
In recent years,China’s outward foreign direct investment(OFDI)has risen significantly,arousing considerable interest in the motivations and drivers of Chinese overseas investment.This paper selected 27 host country-...In recent years,China’s outward foreign direct investment(OFDI)has risen significantly,arousing considerable interest in the motivations and drivers of Chinese overseas investment.This paper selected 27 host country-related indicators and extracted the common factors using the factor analysis method.This paper discusses the determinants of China’s OFDI location choice by using panel data regression method,and focuses on the differences between Belt and Road countries and nonBelt and Road countries.The results show that the favorable institutional environment and strong market demand of host countries have a positive influence on Chinese foreign investment.Besides,China’s investment in Belt and Road Initiative countries is more prone to a country with less developed technology and unreasonable energy utilization.China’s OFDI can promote technological progress in these countries and making full use of their advantage resources for economic development.As China’s economy has entered a“new normal”,its global influence has risen,and the relationship between the host countries and China has also mattered more on China’s OFDI decisions.This effort provides important supports for optimizing the location choices of Chinese enterprises’foreign investment.展开更多
基金This project is supported by the National Natural Science Foundation of China
文摘In order to explore the nonlinear structure hidden in high-dimensional data, some dimen-sion reduction techniques have been developed, such as the Projection Pursuit technique (PP).However, PP will involve enormous computational load. To overcome this, an inverse regressionmethod is proposed. In this paper, we discuss and develop this method. To seek the interestingprojective direction, the minimization of the residual sum of squares is used as a criterion, andspline functions are applied to approximate the general nonlinear transform function. The algo-rithm is simple, and saves the computational load. Under certain proper conditions, consistencyof the estimators of the interesting direction is shown.
基金Supported by the Social and Science Fund of Xinjiang (17BKS008)General Project of Inner-Party Law Research Center (XJDG2019D02)
文摘In recent years,China’s outward foreign direct investment(OFDI)has risen significantly,arousing considerable interest in the motivations and drivers of Chinese overseas investment.This paper selected 27 host country-related indicators and extracted the common factors using the factor analysis method.This paper discusses the determinants of China’s OFDI location choice by using panel data regression method,and focuses on the differences between Belt and Road countries and nonBelt and Road countries.The results show that the favorable institutional environment and strong market demand of host countries have a positive influence on Chinese foreign investment.Besides,China’s investment in Belt and Road Initiative countries is more prone to a country with less developed technology and unreasonable energy utilization.China’s OFDI can promote technological progress in these countries and making full use of their advantage resources for economic development.As China’s economy has entered a“new normal”,its global influence has risen,and the relationship between the host countries and China has also mattered more on China’s OFDI decisions.This effort provides important supports for optimizing the location choices of Chinese enterprises’foreign investment.
