Chinese and US Overseas Foreign Direct Investment and Democracy in the Developing World

IF 17.7 1区 化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2024-07-28 DOI:10.1177/00219096241263965
Glen Biglaiser, Lance Y. Hunter, Kelan (Lilly) Lu
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Abstract

This paper integrates the political influence and foreign capital literatures and examines the association between United States and Chinese overseas foreign direct investment (FDI) and host states’ political institutions. Using up to 109 developing countries from 2003 to 2019, and employing two-stage least squares selection modeling, we find negative and significant relationships between Chinese FDI and host states’ democracy while US FDI has positive and significant associations. Our study suggests Chinese FDI and host state leaders may mutually benefit from increasing authoritarianism, producing closer political and economic ties between China and the developing world.
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中国和美国的海外外商直接投资与发展中国家的民主制度
本文整合了政治影响和外国资本文献,研究了美国和中国海外外国直接投资(FDI)与东道国政治体制之间的关联。通过对 2003 年至 2019 年多达 109 个发展中国家的数据进行分析,并采用两阶段最小二乘选择模型,我们发现中国的外国直接投资与东道国的民主制度之间存在负向显著关系,而美国的外国直接投资与东道国的民主制度之间存在正向显著关系。我们的研究表明,中国的外国直接投资和东道国领导人可能会从威权主义的加剧中相互受益,从而使中国和发展中国家之间的政治和经济联系更加紧密。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Accounts of Chemical Research
Accounts of Chemical Research 化学-化学综合
CiteScore
31.40
自引率
1.10%
发文量
312
审稿时长
2 months
期刊介绍: Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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