Yahui Chen, C. Marrewijk, Changsheng Xu, Congmin Zuo
{"title":"Does the Belt and Road Initiative affect the business environment of participating countries?","authors":"Yahui Chen, C. Marrewijk, Changsheng Xu, Congmin Zuo","doi":"10.1080/13547860.2022.2082748","DOIUrl":null,"url":null,"abstract":"Abstract This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"425 - 444"},"PeriodicalIF":1.4000,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Asia Pacific Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/13547860.2022.2082748","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 3
Abstract
Abstract This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.
期刊介绍：
Journal of the Asia Pacific Economy (JAPE) is concerned primarily with the developing economies within Pacific Asia and South Asia. It aims to promote greater understanding of the complex factors that have influenced and continue to shape the transformation of the diverse economies in this region. Studies on developed countries will be considered only if they have implications for the developing countries in the region. The journal''s editorial policy is to maintain a sound balance between theoretical and empirical studies. JAPE publishes research papers in economics but also welcomes papers that deal with economic issues using a multi-disciplinary approach. Submissions may range from overviews spanning the region or parts of it, to papers with a detailed focus on particular issues facing individual countries. JAPE has a broad readership, which makes papers concerned with narrow and detailed technical matters inappropriate for inclusion. In addition, papers should not be simply one more application of a formal model or statistical technique used elsewhere. Authors should note that discussion of results must make sense intuitively, and relate to the institutional and historical context of the geographic area analyzed. We particularly ask authors to spell out the practical policy implications of their findings for governments and business. In addition to articles, JAPE publishes short notes, comments and book reviews. From time to time, it also publishes special issues on matters of great importance to economies in the Asia Pacific area.
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