 Economic return to political support: Evidence from voting on the representation of China in the United NationsJiaqiang Yan and Yonghong Zhou Journal of Asian Economics, 2021, vol. 75, issue C Abstract: This study investigates the effect of political support in the United Nations on international trade by taking the votes on the representation of China from 1954 to 1971 as a case study. We document a strongly positive effect of political support toward the People's Republic of China on bilateral trade in the next year. This conclusion is robust when we consider different quantitative methods and sample selections. Two approaches are applied to address the potential endogeneity problem — estimates with the interest similarity with Albania as an instrumental variable and regressions with samples that changed voting attitude. Finally, we find that this positive effect is short-lived. Our empirical results indicate that political relations, reflected by political attitudes in the votes of the United Nations, exert explicit influence on bilateral economic exchange. Keywords: Political relation; International trade; Political similarity; Vote; Economic return (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:75:y:2021:i:c:s1049007821000543 DOI: 10.1016/j.asieco.2021.101325 Access Statistics for this article Journal of Asian Economics is currently edited by C. Wiemer More articles in Journal of Asian Economics from Elsevier |
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