How political incentives affect Chinese outward foreign direct investment: A UN Security Council membership perspective

How political incentives affect Chinese outward foreign direct investment: A UN Security Council membership perspective
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政治激励如何影响中国对外直接投资:联合国安理会成员的视角

DOI:
10.1111/twec.12677
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发表时间:
2018-12-01
期刊:
影响因子:
2.5
通讯作者:
Teng, Yue
Teng, Yue
中科院分区:
经济学4区
文献类型:
--
作者:
Ma, Hong;Teng, Yue

文献摘要

被引文献

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70年来,联合国安理会理事会为全球和平与安全作出了巨大贡献。理事会的五个常任理事国和十个非常任理事国共同承担责任,共同投票赞成安全理事会决议。本文从联合国安理会理事会的角度研究了中国对外直接投资是否受到政治动机的影响。利用美国传统基金会提供的2005 - 2015年中国全球投资数据,我们发现,当一个国家进入理事会时,它吸引了更多的中国对外直接投资。这种影响在成员国投票权更有价值的重要年份以及与中国合作不密切的国家中有所增加。
The UN Security Council has made great contributions to global peace and security over the past 70 years. The five permanent members and ten non-permanent members of the council share the responsibility by voting for the Security Council resolutions together. In this paper, we study whether Chinese outward foreign direct investment (OFDI) has been influenced by political incentives from perspective of the UN Security Council. Using China's Global Investment Data from 2005 to 2015 provided by the Heritage Foundation, we find that a country attracts more Chinese OFDI when it rotates onto the council. Such an effect increases during the important years when member's votes should be more valuable and among the countries which do not have close cooperation with China.