China's investments in renewable energy through the belt and road initiative stimulated local economy and employment: A case study of Pakistan

Li, Ruiyao; Xu, Lixiao; Hui, Jingxuan; Cai, Wenjia; Zhang, Shihui

doi:10.1016/j.scitotenv.2022.155308

Cited by 25 publications

(14 citation statements)

References 33 publications

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“…Further, Martin and Rogers (1995) suggest that in economies of scale, public expenditure on domestic infrastructure may have diverse effects on the geographical allotment of FDI influxes than the cost of regional infrastructure, enhancing the market entrance to bordering regions. In such a setting, foreign enterprises would plan to locate in areas with the best domestic infrastructure to benefit from the economies of scale (Li et al. , 2022).…”

Section: Methodsmentioning

confidence: 99%

Does infrastructural development allure foreign direct investment? The role of Belt and Road Initiatives

Rehman

Islam

Sohag

2022

IJOEM

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PurposeChina's Belt and Road Initiative (BRI) is the most ambitious investment strategy for infrastructural development belonging to the significant potential for stimulating regional economic growth in Asia, Europe and Africa. This study aims to investigate the impact of infrastructure on spurring inward foreign direct investment (FDI) within the purview of human capital, GDP per capita, foreign aid, trade, domestic investment, population and institutional quality in BRI countries.Design/methodology/approachIn doing so, the authors analyze panel data from 2000 to 2019 within the framework of the system generalized method of movement (GMM) approach for 66 BRI countries from Europe, Asia, Africa and the Middle East.FindingsThe investigated results demonstrate that aggregate and disaggregate infrastructure indices, e.g. transport, telecommunications, financial and energy infrastructures, are the driving forces in attracting foreign direct investment (FDI) in the BRI countries. In addition, control variables (i.e. institutional quality, human capital, trade, domestic investment, foreign aid and GDP per capita) play an essential role in spurring FDI inflows.Originality/valueThe authors’ study uniquely investigates both the pre- (2000–2012) and post- (2013–2019) BRI scenarios using the aggregate and disaggregate infrastructural components from the perspectives of full and clustered sample regions, such as Asia, Europe, Africa and the Middle East. The study provides several policy implications.

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Section: Methodsmentioning

confidence: 99%

Does infrastructural development allure foreign direct investment? The role of Belt and Road Initiatives

Rehman

Islam

Sohag

2022

IJOEM

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“…[2020] also found strong positive perceptions towards the hypothesis that the BRI would lead to higher salaries and improved living standards in Kazakhstan. Li et al [Li, 2022] studied the benefits of BRI renewable energy investments from China and the driving mechanism for social and economic growth in Pakistan. They found that China's investments in renewable power plant projects in Pakistan have the potential to provide 8905 jobs and also generate around USD 39.8 million in production values in related sectors.…”

Section: Objective 2: Perceptions On Bri Partnership For Economic Pol...mentioning

confidence: 99%

“…They found that China's investments in renewable power plant projects in Pakistan have the potential to provide 8905 jobs and also generate around USD 39.8 million in production values in related sectors. In effect, the investment from China was said to increase the local cash flow, providing local businesses with more opportunities to produce and distribute their resources [Li, 2022]. Ideally, capital flows intensify inequality in low incomes economies because foreign assets are targeted to higher skill-and technology-intensive sectors, thus further widening the wage gap between skilled and unskilled labors [Dabla-Norris, 2015].…”

Section: Objective 2: Perceptions On Bri Partnership For Economic Pol...mentioning

confidence: 99%

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Exploring the Perceived Prospects of the Belt & Road Initiative on Policy Impacts for Madagascar

Fienena

Sorn

et al. 2023

JBMS

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This paper sorts to promote suitable cooperation between China and Madagascar by way of compiling the sentiments of a varying pool of youthful respondents, which can be benefitable to the policy formulation in Madagascar. In achieving the objectives of the research, an extensive literature review was conducted on the subject matter. Further, a mixed method of research design combining quantitative and qualitative methods was adopted. The study findings from the majority of respondents argue that China’s belt and road initiative (BRI) will create new business and job opportunities and positively impact policy formulation in Madagascar - although an overwhelming majority also concurred that BRI cooperation would give jobs to more Chinese companies over local companies in Madagascar. The respondents expressed concerns about labor laws, working conditions and the employment of some local workers (in addition to Chinese workers) for BRI projects. The suggested reforms include establishing the appropriate conditions for a strong and well-structured BRI cooperation which will create enough opportunity for both local and Chinese workers to co-exist positively, advancing the spirit of a win-win situation on which the core of the BRI lies. When these policies are put in place in Madagascar, appropriate participation from Chinese companies will create more value for local economies.

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“…The fuel and energy complex is a system-forming element of the modern economy, determining both the opportunities for economic growth and the prospects for sustainable development (Cui et al, 2022;Li et al, 2022;Padmanabhan et al, 2022;Wen and Jia, 2022). This strategic role of energy companies covers two types of activities.…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility of Energy Companies: International Experience and Polycriterial Evaluation of Technological Innovations’ Effectiveness

et al. 2022

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China's investments in renewable energy through the belt and road initiative stimulated local economy and employment: A case study of Pakistan

Cited by 25 publications

References 33 publications

Does infrastructural development allure foreign direct investment? The role of Belt and Road Initiatives

Does infrastructural development allure foreign direct investment? The role of Belt and Road Initiatives

Exploring the Perceived Prospects of the Belt & Road Initiative on Policy Impacts for Madagascar

Corporate Social Responsibility of Energy Companies: International Experience and Polycriterial Evaluation of Technological Innovations’ Effectiveness

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