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

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  • Hong Ma
  • Yue Teng

Abstract

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.

Suggested Citation

  • Hong Ma & Yue Teng, 2018. "How political incentives affect Chinese outward foreign direct investment: A UN Security Council membership perspective," The World Economy, Wiley Blackwell, vol. 41(12), pages 3416-3441, December.
    • Handle: RePEc:bla:worlde:v:41:y:2018:i:12:p:3416-3441
    DOI: 10.1111/twec.12677
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    Cited by:

    1. Huang, Youxing & Yang, Yu, 2023. "Determinants of Chinese energy OFDI location decisions and entry failure risk: The roles of public diplomacy endeavors and firm investment strategies," Energy, Elsevier, vol. 267(C).
    2. Dong, Zhixiao & Miao, Zhuang & Zhang, Yan, 2021. "The impact of China’s outward foreign direct investment on domestic innovation," Journal of Asian Economics, Elsevier, vol. 75(C).
    3. Fang, Jing & Collins, Alan & Yao, Shujie, 2021. "On the global COVID-19 pandemic and China’s FDI," Journal of Asian Economics, Elsevier, vol. 74(C).
    4. Amar Anwar & Ichiro Iwasaki, 2022. "Institutions and FDI from BRICS countries: a meta-analytic review," Empirical Economics, Springer, vol. 63(1), pages 417-468, July.
    5. Zhen Qi & Tristan Kenderdine & Tingfeng Tang & Qiren Liu, 2022. "China's anti‐corruption campaign and outward foreign direct investment by state‐owned enterprises," The World Economy, Wiley Blackwell, vol. 45(9), pages 2950-2976, September.

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