China's Impact on Africa – The Role of Trade, FDI and Aid
利用1991-2010年面板数据，研究中国在撒哈拉以南非洲的活动对该地区经济增长的影响，发现出口自然资源的非洲国家受益于贸易条件改善，但中国竞争导致非洲企业被挤出，而中国投资和援助对增长影响不显著。
Summary This paper investigates the impact of Chinese activities in sub‐Saharan African countries with respect to the growth performance of economies in that region. Using a Solow‐type growth model and panel data for the period 1991 to 2010, we find that African economies that export natural resources have benefited from positive terms‐of‐trade effects. In addition, there is evidence for displacement effects of African firms due to competition from China. On the other hand, Chinese foreign investment and aid in Africa does not appear to have a significant impact on African growth.