Belt and road: The China dream?

Jackson, Karen; Shepotylo, Oleksandr

doi:10.1016/j.chieco.2021.101604

Cited by 32 publications

(14 citation statements)

References 26 publications

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“…For instance, one stream concentrates on the environmental impacts on member countries caused by rising trade [1], whereas others concern the risks of cooperation and the stability of regional trade [2]. More recently, emerging evidence shows how countries will benefit from trading under the BRI strategy [3]. Following the full implementation of the initiative, the annual average growth rate of the BRI's trade volume was 13.4% from 2013 to 2019, which surpassed that of the total volume of global trade [4].…”

Section: Introductionmentioning

confidence: 99%

Energy Network Embodied in Trade along the Belt and Road: Spatiotemporal Evolution and Influencing Factors

Xue

Yan

et al. 2021

Sustainability

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As an important part of trade in the Belt and Road Initiative (BRI) area, significant research attention has been devoted to direct energy transfer, whereas studies on energy embodied in non-energy products have largely been neglected. To present an overview of energy trade for the BRI members, this study combined multi-regional input-output (MRIO) analysis with complex network analysis to model energy use flows within the BRI’s intermediate and final trade network during 2000–2015. Results showed that intermediate energy trade volume is about 7.29-fold larger than that of final trade. Russia and Mainland China were found to be the main net exporter and net importer in intermediate energy trade, respectively, but in final energy trade their roles are reversed. In intermediate energy trade, resource exploitation and heavy industry are the leading intermediate exporter and importer respectively, whereas household consumption is the largest importer (accounting for about three-fifths of the total) in final energy trade. Based on the complex network analysis, the BRI countries were found to trade widely in the final network while cooperating deeply in the intermediate network, with obvious small-world features. Mainland China and Russia were identified as key economies in both intermediate and final trade networks. In addition, quadratic assignment procedure (QAP) analysis was adopted to explore the determinants of the BRI energy trade from 2000 to 2015. It was found that geographic distance, land adjacency, and culture and language have a consistently significant impact on intermediate trade. Closer geographic distance, being adjacent to land, a higher level of economic development, and a larger size of population can promote final trade. This study aimed to supplement existing studies on direct energy trade and provides implications for understanding the sustainable energy development in the BRI area.

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Section: Introductionmentioning

confidence: 99%

Energy Network Embodied in Trade along the Belt and Road: Spatiotemporal Evolution and Influencing Factors

Xue

Yan

et al. 2021

Sustainability

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“…The BRI increasingly attracts interest of researchers in economics, as it offers novel approaches to answering a wide range of research questions (Li & Schmerer, 2017;Ruta et al, 2020). 1 In this respect, our study is similar to Jackson and Shepotylo (2018) and Baniya et al (2019), who employ a structural gravity model to estimate key parameters and quantify the potential effects of the BRI on trade with China. However, like most of the BRI related research to date, their studies are forward-looking in the sense that potential costs or benefits are discussed based on counterfactual exercises.…”

Section: Introductionmentioning

confidence: 94%

One belt, one road, one way? Where European exporters benefit from the new silkroad

Mau

Seuren

2022

Rev World Econ

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We analyze the trade effects of a new unfolding transport infrastructure in connection with China’s Belt and Road Initiative. Using panel data for the years 1996–2018, featuring 27 exporting countries and 96 industries, we exploit variation in the timing and number of railway connections to estimate whether European countries benefit from increased export revenues and product variety of their shipments to China. We find that both increase and that also indirectly connected countries benefit. Using additional data on the mode of transport, we find that industries with intermediate time-sensitivity appear to increase their utilization of rail-freight to China the most and confirm that the overall increase in exports is also driven by these industries. We further show that mainly Central, Eastern and Southeast European regions are specialized in economic activities related to “railway adopting industries”, which makes likely to benefit the most from first-order gains of improved market access and export opportunities.

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“…Chinese President Xi Jinping first separately proposed the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (Huang and Li, 2020;Jackson and Shepotylo, 2021;Kong et al, 2021) in September and October 2013. They are officially called the Belt and Road Initiative (Jin et al, 2021).…”

Section: Background Of the Belt And Road Initiativementioning

confidence: 99%

The environmental effects of regional economic cooperation: Evidence from the Belt and Road Initiative

Chen

et al. 2022

Front. Environ. Sci.

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China’s Belt and Road Initiative is a significant regional economic cooperation. This paper uses the Belt and Road Initiative (BRI) as a quasi-natural experiment to investigate the impact of regional economic cooperation on environmental quality. Using difference-in-differences (DID) and a series of robustness checks, we find that regional economic cooperation like BRI deteriorates environmental quality in countries along the Belt and Road. The main reason is that the improving effects on environmental quality in the BRI countries are smaller than in the non-BRI countries after the BRI. The ecological impacts of the BRI exist differences in different countries. The results show that the BRI improves environmental quality in South Asia, and Europe and Central Asia. However, the BRI negatively affects environmental quality in East Asia and Pacific, developing and non-OECD countries. We found that, unlike the BRI, the Green BRI improves environmental quality in countries along the Belt and Road. We also discuss the mechanism of the BRI on environmental quality from foreign direct investment (FDI).

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Belt and road: The China dream?

Cited by 32 publications

References 26 publications

Energy Network Embodied in Trade along the Belt and Road: Spatiotemporal Evolution and Influencing Factors

Energy Network Embodied in Trade along the Belt and Road: Spatiotemporal Evolution and Influencing Factors

One belt, one road, one way? Where European exporters benefit from the new silkroad

The environmental effects of regional economic cooperation: Evidence from the Belt and Road Initiative

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