Political Risks to China's Energy Infrastructure Investment in Countries along the Belt and Road

被引：3
作者：
Yang, Fang [1 ,2 ]
Gan, Qinfan [3 ]
Guo, Liqiao [4 ]
机构：
[1] Xiamen Univ, Ctr Southeast Asian Studies, Xiamen 361005, Peoples R China
[2] Xiamen Univ, Res Sch Southeast Asian Studies, Xiamen 361005, Peoples R China
[3] Zhejiang Univ, Sch Publ Affairs, Hangzhou 310058, Peoples R China
[4] Xiamen Univ, Grad Inst Taiwan Studies, Xiamen 361005, Peoples R China
来源：
ENERGIES | 2023年 / 16卷 / 18期
关键词：
political risk; the belt and road; energy infrastructure; FOREIGN DIRECT-INVESTMENT; OUTWARD FDI; UNCERTAINTY; FIRMS;
D O I：
10.3390/en16186461
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
Energy infrastructure connectivity is a key implementation area for the success of the Belt and Road Initiative. In the current complex international environment, China's energy infrastructure investment in the countries along the Belt and Road is often restricted due to varying degrees of heated disputes with the host countries, thus facing the political risk of investment loss or even failure. This paper used the Heckman two-stage selection model to overcome the sample selection problem in traditional literature and systematically studied the political risks to China's energy infrastructure investment in countries along the Belt and Road within a unified framework. The results showed that Chinese energy infrastructure investments exhibited market-seeking and energy resource-seeking features; while political risks had a significant impact on choosing the locations of energy infrastructure investments, socio-environmental factors were not given sufficient attention. At the national level, the implementation of the Belt and Road Initiative was beneficial to China's foreign energy infrastructure investments under certain regulatory levels and environmental policy performance.
引用
收藏
页数：15
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