文献类型：期刊文献

英文题名：Does China's Outward Direct Investment Improve the Institutional Quality of the Belt and Road Countries?

作者：Pan, Chunyang[1];Wei, William X.[2];Muralidharan, Etayankara[2];Liao, Jia[3];Andreosso-O'Callaghan, Bernadette[4]

机构：[1]ECUST, Dept Econ, Sch Business, Inst Adv Studies Social Sci, Shanghai 200237, Peoples R China;[2]MacEwan Univ, Sch Business, Edmonton, AB T5J 4S2, Canada;[3]Shanghai Univ Int Business & Econ, Dept Int Econ & Trade, Sch Business, Shanghai 201620, Peoples R China;[4]Univ Limerick, Sch Business, Limerick V94 T9PX, Ireland

年份：2020

卷号：12

期号：1

外文期刊名：SUSTAINABILITY

收录：;WOS:【SSCI(收录号:WOS:000521955600415)，SCI-EXPANDED(收录号:WOS:000521955600415)】；

基金：This research was funded by the Key Research Project of Shanghai Education Commission (rant number: 2017-01-07-00-02-E00008).

语种：英文

外文关键词：outward direct investment; institutional quality; belt and road countries; China

摘要：This article investigates the effects of China's outward direct investment (ODI) on the institutional quality of the Belt and Road (B&R) countries. Based on a panel data set of 63 B&R countries during the period 2003 to 2016, we find that China's ODI improves the institutional quality of B&R countries not only in the short run but also in the long run. Further, although China's ODI exerts no differential impacts on host country institutional dimensions of "control of corruption," "government effectiveness," and "political stability" in countries with different natural resource endowments, it improves their institutional dimensions of "regulatory quality" and "rule of law," implying that China's ODI may help the host B&R countries minimize the "resource curse". As one of the most important strategies for China's opening-up development in the current era, the B&R initiative serves as means to promote sustainable development of B&R countries. The article therefore contributes to existing scholarship on the institutional effects of China's ODI and sheds light on the mechanisms that drive sustainable development.