{"title":"Does one belt and one road initiative facilitate China‘s export of equipment?","authors":"Mantian Xue, Yuexian Wang","doi":"10.1080/14631377.2023.2209300","DOIUrl":null,"url":null,"abstract":"ABSTRACT This article uses difference in difference estimation to examine the effect of the One Belt and One Road Initiative on China’s export of equipment to related countries, taking into consideration the different times of policy shock for different countries. The results show that signing the agreement induced a 14.07% increase of China’s export of equipment to the group of countries, which were focused on Asian and African economies, in sub-industries of electrical machinery, general equipment and special equipment, and probably through the financing mechanism of China’s transnational credit. Simply assigning the year when the One Belt and One Road Initiative is launched as the uniform time of policy shock may be misleading.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":"35 1","pages":"441 - 453"},"PeriodicalIF":2.2000,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Post-Communist Economies","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/14631377.2023.2209300","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
ABSTRACT This article uses difference in difference estimation to examine the effect of the One Belt and One Road Initiative on China’s export of equipment to related countries, taking into consideration the different times of policy shock for different countries. The results show that signing the agreement induced a 14.07% increase of China’s export of equipment to the group of countries, which were focused on Asian and African economies, in sub-industries of electrical machinery, general equipment and special equipment, and probably through the financing mechanism of China’s transnational credit. Simply assigning the year when the One Belt and One Road Initiative is launched as the uniform time of policy shock may be misleading.
期刊介绍：
Post-Communist Economies publishes key research and policy articles in the analysis of post-communist economies. The basic transformation in the past two decades through stabilisation, liberalisation and privatisation has been completed in virtually all of the former communist countries, but despite the dramatic changes that have taken place, the post-communist economies still form a clearly identifiable group, distinguished by the impact of the years of communist rule. Post-communist economies still present distinctive problems that make them a particular focus of research.
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