{"title":"“一带一路”倡议是否促进了双边贸易?中国与“一带一路”国家的实证分析","authors":"Shan Fan","doi":"10.1177/09749101231167453","DOIUrl":null,"url":null,"abstract":"The development of trade is an essential element of the Belt and Road Initiative (BRI) and a significant effort by China to promote inter-regional economic development. Using Chinese trade data from 190 countries and regions worldwide from 1993 to 2021, this article quantitatively analyzes (a) if and to what extent the BRI has promoted bilateral trade development, (b) how trade with China has contributed to the country’s economic growth and (c) what commodity and regional heterogeneity exist in these effects. The empirical results show that the BRI significantly increases China’s trade with the countries of the Belt and Road Initiative and countries along the Belt and Road route and significantly increases imports and exports in all five commodity categories—primary goods, resource-intensive manufactured goods, low-tech, medium-tech, and high-tech manufactured goods. Meanwhile, the trade volume with China substantially contributes to the economic development of the trading countries. However, Asia, Europe, and Africa show different characteristics in all three aspects mentioned above. These results show that the BRI not only benefits China’s international trade but also promotes the trade development of the involved countries. It clarifies the crucial role this open, inclusive inter-regional economic cooperation plays in global trade growth when facing the escalating anti-globalization sentiment.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Does the Belt and Road Initiative Promote Bilateral Trade? An Empirical Analysis of China and the Belt and Road Countries\",\"authors\":\"Shan Fan\",\"doi\":\"10.1177/09749101231167453\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The development of trade is an essential element of the Belt and Road Initiative (BRI) and a significant effort by China to promote inter-regional economic development. Using Chinese trade data from 190 countries and regions worldwide from 1993 to 2021, this article quantitatively analyzes (a) if and to what extent the BRI has promoted bilateral trade development, (b) how trade with China has contributed to the country’s economic growth and (c) what commodity and regional heterogeneity exist in these effects. The empirical results show that the BRI significantly increases China’s trade with the countries of the Belt and Road Initiative and countries along the Belt and Road route and significantly increases imports and exports in all five commodity categories—primary goods, resource-intensive manufactured goods, low-tech, medium-tech, and high-tech manufactured goods. Meanwhile, the trade volume with China substantially contributes to the economic development of the trading countries. However, Asia, Europe, and Africa show different characteristics in all three aspects mentioned above. These results show that the BRI not only benefits China’s international trade but also promotes the trade development of the involved countries. It clarifies the crucial role this open, inclusive inter-regional economic cooperation plays in global trade growth when facing the escalating anti-globalization sentiment.\",\"PeriodicalId\":37512,\"journal\":{\"name\":\"Global Journal of Emerging Market Economies\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-05-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Global Journal of Emerging Market Economies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1177/09749101231167453\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"Economics, Econometrics and Finance\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Journal of Emerging Market Economies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09749101231167453","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
Does the Belt and Road Initiative Promote Bilateral Trade? An Empirical Analysis of China and the Belt and Road Countries
The development of trade is an essential element of the Belt and Road Initiative (BRI) and a significant effort by China to promote inter-regional economic development. Using Chinese trade data from 190 countries and regions worldwide from 1993 to 2021, this article quantitatively analyzes (a) if and to what extent the BRI has promoted bilateral trade development, (b) how trade with China has contributed to the country’s economic growth and (c) what commodity and regional heterogeneity exist in these effects. The empirical results show that the BRI significantly increases China’s trade with the countries of the Belt and Road Initiative and countries along the Belt and Road route and significantly increases imports and exports in all five commodity categories—primary goods, resource-intensive manufactured goods, low-tech, medium-tech, and high-tech manufactured goods. Meanwhile, the trade volume with China substantially contributes to the economic development of the trading countries. However, Asia, Europe, and Africa show different characteristics in all three aspects mentioned above. These results show that the BRI not only benefits China’s international trade but also promotes the trade development of the involved countries. It clarifies the crucial role this open, inclusive inter-regional economic cooperation plays in global trade growth when facing the escalating anti-globalization sentiment.
期刊介绍:
Global Journal of Emerging Market Economies is a peer-reviewed journal. The aim of the journal is to provide an international platform for knowledge sharing, discussion and networking on the various aspects related to emerging market economies through publications of original research. It aims to make available basic reference material for policy-makers, business executives and researchers interested in issues of fundamental importance to the economic prospects and performance of emerging market economies. The topics for discussion are related to the following general categories: D. Microeconomics E. Macroeconomics and Monetary Economics F. International Economics G. Financial Economics H. Public Economics I. Health, Education, and Welfare J. Labor and Demographic Economics L. Industrial Organization O. Economic Development, Innovation, Technological Change, and Growth Q. Agricultural and Natural Resource Economics • Environmental and Ecological Economics R. Urban, Rural, Regional, Real Estate, and Transportation Economics Additionally, the journal would be most interested to publish topics related to Global Financial Crisis and the Impact on Emerging Market Economies Economic Development and Inclusive Growth Climate Change and Energy Infrastructure Development and Public Private Partnerships Capital Flows to and from Emerging Market Economies Regional Cooperation Trade and Investment and Development of National and Regional Financial Markets The Belt and Road Initiative.