摘要
本文通过对2003-2014年中国对金砖国家的OFDI的政治风险因素分析得到政府机构质量、民主化程度、法律与秩序、腐败程度、投资回报、政府的稳定性6个变量在0.05%的显著性水平下显著;而种族冲突、宗教冲突、政治的军事化以及国家的内外部冲突5个变量在0.05%的显著性水平下不显著。说明并不是所有的政治风险均会成为中国对金砖国家OFDI的阻碍,甚至腐败程度越高和政府机构质量越差反而能激发中国对金砖国家的OFDI水平,呈现一定的视觉悖论。
Based on the analysis of the political risk factors of the China＇s OFDI in the BRICS countries from 2003 to 2014, the paper analyzes six variables of the quality of the government institutions, the degree of democratization, the law and order, the degree of corruption, the return on investment and the stability of the government were significant at 0.05% significance level, and the five variables of ethnic conflict, religious conflict, political militarization and country internal and external conflict were not. It is not all political risk that will become the obstacle of China＇s OFDI in the BRICS countries, and even the higher degree of corruption and the worse quality of the government institutions can stimulate China＇s OFDI level in BRICS countries, showing a certain visual paradox.
作者
庞鹤
王珏
PANG HE;WANG JUE(Economics School, Xi＇an University of Finance and Economics, Xi＇an, 710100, China;School of Economics＆Management, Northwest University, Xi＇an, 710071,Chin)
