scholarly journals AN EMPIRICAL STUDY OF TRADE STATUS AND DETERMINANTS BETWEEN CHINA AND "ONE BELT- ONE ROAD" COUNTRIES-BASED ON TRADE GRAVITY MODEL

2021 ◽  
Author(s):  
QIAN-NAN ZHANG ◽  
XIAO-NA HE ◽  
MIRAJ AHMED BHUIYAN
Keyword(s):  
Gravity Model ◽  
Bilateral Trade ◽  
Belt And Road Initiative ◽  
Trade Model ◽  
One Belt One Road ◽  
Belt And Road ◽  
Trade Gravity Model ◽  
Trade Deals ◽  
The Belt And Road ◽  
The Silk Road

“One Road-One Belt”, (Belt and Road Initiative, BRI) reminiscent of the Silk Road, is a massive infrastructure and trade project, initiated by China; that would stretch from East Asia to Europe, somehow recognized by the international community. Despite of criticism of this project, it is considered as an effective tool for promoting regional and bilateral trade deals. In this paper we have pointed out the problems that hindered the bilateral trades among countries along the route. Based on Trade gravity Model; bilateral trade model between China and the countries along the “Belt and Road” was empirically tested in the article, followed by some suggestions.

scholarly journals An Empirical Study of Trade Status and Determinants between China and "One Belt- One Road" Countries- Based on Trade gravity Model

2021 ◽  
Author(s):  
Qiannan Zhang ◽  
XiaoNa He ◽  
Miraj Ahmed Bhuiyan
Keyword(s):  
Gravity Model ◽  
Bilateral Trade ◽  
Belt And Road Initiative ◽  
Trade Model ◽  
One Belt One Road ◽  
Belt And Road ◽  
Trade Gravity Model ◽  
Trade Deals ◽  
The Belt And Road ◽  
The Silk Road

Abstract “One Road-One Belt”, (Belt and Road Initiative, BRI) reminiscent of the Silk Road, is a massive infrastructure and trade project, initiated by China; that would stretch from East Asia to Europe, somehow recognized by the international community. Despite of criticism of this project, it is considered as an effective tool for promoting regional and bilateral trade deals. In this paper we have pointed out the problems that hindered the bilateral trades among countries along the route. Based on Trade gravity Model; bilateral trade model between China and the countries along the “Belt and Road” was empirically tested in the article, followed by some suggestions.

scholarly journals Trade and Infrastructure in the Belt and Road Initiative: A Gravity Analysis Based on Revealed Trade Preferences

2021 ◽  
Vol 14 (2) ◽  
pp. 52
Author(s):  
Cristina Di Stefano ◽  
P. Lelio Iapadre ◽  
Ilaria Salvati
Keyword(s):  
Gravity Model ◽  
Bilateral Trade ◽  
Trade Flows ◽  
Belt And Road Initiative ◽  
Total Trade ◽  
Multilateral Trade ◽  
Belt And Road ◽  
Trade Preferences ◽  
Entire Network ◽  
The Belt And Road

This paper aims at investigating whether and how the intensity of trade between a pair of countries changes when they experience improvements in their infrastructural systems. We carry out our analysis considering countries participating in the Belt and Road Initiative (BRI), a project specifically designed to promote infrastructural connectivity and therefore boost trade among the countries involved. Our empirical strategy relies on a particular specification of the gravity model, in which the dependent variable consists in an index of revealed trade preferences, calculated by comparing the actual value of trade flows between two countries with their expected value, proportional to the two countries’ total trade. Such methodology allows us to estimate bilateral trade intensity without resorting to the traditional “size” variables of the gravity model, taking the entire network of multilateral trade into account. We then study the possible impact of an improvement in infrastructure on a ‘gravity-adjusted’ measure of trade preferences, given by the residuals of our first estimations. Our results indicate that bilateral preferences among BRI countries will intensify inasmuch as they succeed in coordinating their infrastructural projects.

scholarly journals The Belt and Road Initiative and the Eurasian Economic Union: Exploring the “Greater Eurasian Partnership”

2020 ◽  
Vol 49 (1) ◽  
pp. 33-57
Author(s):  
Gaziza Shakhanova ◽  
Jeremy Garlick
Keyword(s):  
Central Asia ◽  
Belt And Road Initiative ◽  
Local Elites ◽  
Eurasian Economic Union ◽  
Economic Commission ◽  
Silk Road Economic Belt ◽  
Belt And Road ◽  
Economic Union ◽  
The Belt And Road ◽  
The Silk Road

The Russian-led Eurasian Economic Union (EAEU) is a key partner in China’s Belt, and Road Initiative (BRI), since it comprises the majority of territories which the BRI’s overland route, the Silk Road Economic Belt, needs to traverse as it crosses Central Asia on the way to Europe. The goal of this article is to explore the BRI in the context of BRI–EAEU coordination. The first part of the analysis focusses on the ways the Eurasian Economic Commission delineates the “Greater Eurasian Partnership” and counterposes it against China and the BRI. Then, the article compares two sets of interpretations of the BRI and “Greater Eurasian Partnership” obtained from interviews with elites in Kazakhstan and Russia. The interviews indicate that the BRI has had a much more forceful impact on local elites than Russia’s idea of “Greater Eurasian Partnership.”

Demystifying the Belt and Road Initiative: China’s domestic and non-strategic policy?

2021 ◽  
pp. 205789112110388
Author(s):  
Yuan Jiang
Keyword(s):  
Global Strategy ◽  
Chinese Economy ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Xi Jinping ◽  
One Belt One Road ◽  
Belt And Road ◽  
Strategic Policy ◽  
The Difference ◽  
The Belt And Road

The Belt and Road Initiative (BRI) is a central policy of the Chinese government. The initiative is directly associated with President Xi Jinping, who first put forward the BRI in Kazakhstan and Indonesia in 2013, initially as One Belt One Road. Different from repetitive literature that concludes the BRI as China's global strategy, this article makes a contribution to argue that the BRI is China's domestic and non-strategic policy. To justify this argument, this article analyses how the BRI has been embedded into aspects of Chinese domestic policy by revealing its nexuses with Chinese domestic economy, politics and ideology. To deepen the understanding of the BRI's connection with the Chinese economy, this article explores the link between the BRI and China's supply-side structural reform. Meanwhile, this research demystifies the BRI as a global strategy and the difference between joining and rejecting the BRI to prove the BRI's non-strategic essence. In the end, this article discusses the BRI's far-reaching geopolitical influence.

scholarly journals Estimating China’s Trade with Its Partner Countries within the Belt and Road Initiative Using Neural Network Analysis

2019 ◽  
Vol 11 (5) ◽  
pp. 1449 ◽  
Author(s):  
Koffi Dumor ◽  
Li Yao
Keyword(s):  
Neural Network ◽  
Neural Networks ◽  
International Trade ◽  
Network Analysis ◽  
Gravity Model ◽  
Accurate Estimation ◽  
Belt And Road Initiative ◽  
Neural Network Analysis ◽  
Belt And Road ◽  
The Belt And Road

The Belt and Road Initiative (BRI) under the auspices of the Chinese government was created as a regional integration and development model between China and her trade partners. Arguments have been raised as to whether this initiative will be beneficial to participating countries in the long run. We set to examine how to estimate this trade initiative by comparing the relative estimation powers of the traditional gravity model with the neural network analysis using detailed bilateral trade exports data from 1990 to 2017. The results show that neural networks are better than the gravity model approach in learning and clarifying international trade estimation. The neural networks with fixed country effects showed a more accurate estimation compared to a baseline model with country-year fixed effects, as in the OLS estimator and Poisson pseudo-maximum likelihood. On the other hand, the analysis indicated that more than 50% of the 6 participating East African countries in the BRI were able to attain their predicted targets. Kenya achieved an 80% (4 of 5) target. Drawing from the lessons of the BRI and the use of neural network model, it will serve as an important reference point by which other international trade interventions could be measured and compared.

scholarly journals Logistics Challenges Along the New Silk Roads

2021 ◽  
pp. 295-307
Author(s):  
Hans-Dietrich Haasis ◽  
Jianhui Du ◽  
Xuejun Sun
Keyword(s):  
Cultural Differences ◽  
Freight Transport ◽  
Silk Road ◽  
Belt And Road Initiative ◽  
Maritime Silk Road ◽  
Silk Road Economic Belt ◽  
Belt And Road ◽  
Communication And Coordination ◽  
The Belt And Road ◽  
The Silk Road

AbstractIn 2013, Chinese President Xi Jinping advised to establish the “Silk Road Economic Belt” and the “21st Century Maritime Silk Road,” also referred as the Belt and Road Initiative or the New Silk Roads Policy. The intention is to promote international and regional trade as well as cooperation in and between Asia and Europe. Consequently, international maritime and terrestrial freight transport corridors are either established or strengthened and operated. The purpose of this paper is to reflect the Belt and Road Initiative from the perspective of logistics. The aim is to identify and formulate circumstances, expectations, opportunities, and peculiarities of logistics along the New Silk Roads. For this purpose, four corresponding challenges will be considered and outlined after an introduction to the Belt and Road Initiative. The four logistics challenges concern the awareness of new freight transport corridors and the assessment of possibilities for opening new transport relations and new markets, the implementation of new and the adaptation of existing supply chains to increase strategic logistics flexibility, the availability and use of digital infrastructure and connectivity for improved communication and coordination of logistical processes, and the willingness to consider regional and cultural differences in the preparation and realization of supply chain decisions.

scholarly journals The Role of the Broad-Gauge Metallurgy Line PKP Linia Hutnicza Szerokotorowa Sp. z o.o. and the Belt and Road Initiative: Transportation in the Development of the Lublin Province

2020 ◽  
Vol 54 (2) ◽  
pp. 7
Author(s):  
Mirosław Antonowicz ◽  
Zbigniew Tracichleb
Keyword(s):  
Economic Development ◽  
Silk Road ◽  
Border Crossings ◽  
Belt And Road Initiative ◽  
Belt And Road ◽  
The Belt And Road ◽  
The Silk Road

<p>The article presents the railway entity PKP LHS Sp. z o.o. and its role in the development of the New Silk Road. In consequence, the increase in traffic on the Silk Road with the participation of Polish companies translates into the economic development of the Lublin Province and the development of border crossings in that province. The importance of transport corridors and the participation of PKP LHS in the development of those corridors have been highlighted. Investment assumptions have been presented, the effects of which will be visible in a few years, strengthening the potential and economic capabilities of the province.</p>

scholarly journals International Cooperation of Ukraine Tourism based on “The Belt and Road Initiative”

2020 ◽  
pp. 140-147
Author(s):  
Zhang Lianfeng ◽  
◽  
Yurii Danko ◽  
Chen Zhuanqing ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
International Cooperation ◽  
Tourism Industry ◽  
Belt And Road Initiative ◽  
Foreign Investors ◽  
One Belt One Road ◽  
International Projects ◽  
Belt And Road ◽  
The Belt And Road ◽  
Modern Technologies

The development of the tourism industry and the development of the country's economy as a whole complement each other, because an increase in the tourist attractiveness of the region and the number of tourists contribute to the development of the corresponding infrastructure - hotels, catering establishments, transport, roads. In addition, related sectors of agriculture and industry receive additional incentives for development. Along with the agriculture, tourism in Ukraine can become an engine of economic growth, because the country is quite interesting for both travelers and foreign investors. The purpose of this study is to assess the state of tourism development in Ukraine and substantiate the need for broader international cooperation in this area based on the use of the capabilities of the Belt and Road Initiative, formerly known as One Belt One Road. To confirm the hypothesis of the research, the authors use the provisions of the international cooperation theory, which is based on three questions: 1) what is the purpose of international cooperation? 2) What are the ways of international cooperation? 3) What is the value of international cooperation? The answers to these questions allowed the authors to substantiate the vision of the successful development of the tourism industry in Ukraine, taking into account its strengths and weaknesses. The priority steps for reforming the tourism industry in Ukraine have been identified. These steps involve state support, improvement and expansion of the range of tourist services, the introduction of modern technologies, and the adoption of the best practices of other countries. Tourism can become an effective tool for the dissemination of Ukrainian culture, economic growth in the country. Tourism will give an opportunity to represent Ukraine to the world, increasing the interest of foreign investors and encourage cooperation in international projects such as Belt and Road Initiative.

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