Bilateral political relations, space spillovers and the import expansion of China’s bulk commodity

Zhengrong Yi and Churen Sun

Journal of Asian Economics, 2022, vol. 81, issue C

Abstract: The stability of bulk commodities imports is crucial to the development and stability of the country’s economy. Because its political attribute is more significant than other commodities, the trade of bulk commodities is more easily affected by bilateral political relations. However, there are only few studies examine the impact of political relations between countries and their spatial spillovers on bulk commodities’ imports. Based on “United Nations (UN) Voting General Assembly Voting Data” and “China Import and Export Statistics Data” from 1996 to 2014, this paper empirically examines the influence of the spatial spillover of China’s political relations with countries other than potential importing countries on the import expansion of China’s bulk commodity from the potential importing country. The results show that the improvement of bilateral political relations between China and other countries has a negative spatial spillover effect on the import of bulk commodities. However, this negative effect will be changed as China starts to establish a sound bilateral political relation with the potential importing country. Meanwhile, the more significant the political attributes of commodities, the greater the negative effect of spatial spillover. The import expansion of commodities with significant political attributes requires an improvement in direct bilateral relations.

Keywords: Political relationship; Spatial spillover; Bulk commodities’ import expansion; Commodity’s political attributes (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1049007822000598
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:81:y:2022:i:c:s1049007822000598

DOI: 10.1016/j.asieco.2022.101502

Access Statistics for this article

Journal of Asian Economics is currently edited by C. Wiemer

More articles in Journal of Asian Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().