文献详情
Does Belt and Road Initiative Hurt Node Countries? A Study from Export Perspective
文献类型：期刊
通讯作者：Zhang, CS (reprint author), Renmin Univ China, China Financial Policy Res Ctr, Beijing, Peoples R China.; Zhang, CS (reprint author), Renmin Univ China, Sch Finance, Beijing, Peoples R China.
期刊名称：EMERGING MARKETS FINANCE AND TRADE
年：2019
卷：55
期：7
页码：1472-1485
ISSN：1540-496X
关键词：Belt and Road initiative; node countries' export; propensity score matching; regional institutional arrangement; trade creation
所属部门：财政金融学院
摘要：The existing studies on the Belt and Road Initiative (BRI) primarily explain its impact on China's trade or foreign direct investment, whereas its impact on node countries' export performance to China has not been examined. By considering the BRI as external policy shock and incorporating Five Connection indicators in the model, this article describes the mechanism and impact of the BRI on node countries' exports to China. By using propensity score matching and a difference-in-difference approac ...More
The existing studies on the Belt and Road Initiative (BRI) primarily explain its impact on China's trade or foreign direct investment, whereas its impact on node countries' export performance to China has not been examined. By considering the BRI as external policy shock and incorporating Five Connection indicators in the model, this article describes the mechanism and impact of the BRI on node countries' exports to China. By using propensity score matching and a difference-in-difference approach, we tackle the endogeneity problem caused by self-selecting into the BRI node-country group. The estimates indicate that the BRI has an overall positive effect on node countries' exports to China with an upward trend. The study also observes that facility connection, trade barriers reduction, financial integration, and people-to-people bond are efficient ways to enhance node countries' exports. Further, the regional heterogeneity analysis finds a smaller positive effect on North African and on central and East Asian economies, while higher on other regions. ...Hide

DOI：10.1080/1540496X.2018.1553711
百度学术：Does Belt and Road Initiative Hurt Node Countries? A Study from Export Perspective
语言：外文
被引频次：1
基金：Fundamental Research Funds for the Central UniversitiesFundamental Research Funds for the Central Universities; Research Funds of Renmin University of China [15XNI001]
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