Estimating the Possible Effect of Belt and Road Initiative on Brazilian Economic Growth

2022 ◽  
Vol 40 (1) ◽  
Author(s):  
Michele Romanello
Keyword(s):  
Economic Growth ◽  
Academic Research ◽  
Synthetic Control ◽  
Belt And Road Initiative ◽  
Intervention Programme ◽  
Trade Relations ◽  
Practical Reality ◽  
Belt And Road ◽  
The Media ◽  
The Belt And Road

Brazil's future participation in the Belt and Road Initiative will promote economic growth, increase the importance of the initiative on the international scene and contribute to the promotion of bilateral economic and trade relations between China and Latin America countries.This paper analyses the alleged effect of BRI on Brazilian economy if the country would have chosen to join the program in the past years (2013-2019) as other countries in the world did. The alleged effect is calculated using the methodology of synthetic control: a statistical method used to evaluate the effect of an intervention/programme in comparative case studies.The results show that Brazil could benefit from joining the Belt and Road Initiative: the GDP per capita rate would be 4.73% higher each year, on average.However, to Brazil joins the BRI, it will be necessary for China and Brazil to know how to maintain a frequent and structured dialogue that projects confidence, opens paths and does not leave governmental dialogue behind what is happening in practical reality. Moreover, more academic research about the initiative and a greater dissemination of its benefits by the media will be needed to raise awareness among the public and politicians about a probable BRI agreement by Brazil.

Belt and Road Initiative: Analysis of Possible Effects on Nigeria’s Economy

2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
International Cooperation ◽  
Economic Cooperation ◽  
Belt And Road Initiative ◽  
International Economic Cooperation ◽  
R Project ◽  
Belt And Road ◽  
The Relationship ◽  
The Belt And Road

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.

scholarly journals Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

2020 ◽  
Vol 2 (2) ◽  
pp. 23-45
Author(s):  
Jin-Hui Li ◽  
Chol-Ju An ◽  
Gwang-Nam Rim
Keyword(s):  
Economic Growth ◽  
Economic Benefits ◽  
Transport Infrastructure ◽  
Belt And Road Initiative ◽  
Regression Analyses ◽  
Belt And Road ◽  
Development Levels ◽  
The Impact ◽  
The Belt And Road

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”. Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis. Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study. Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

scholarly journals Extent of the “Belt and Road” Initiative in Stimulating Economic Growth in Post-Soviet Central Asia

2021 ◽  
Vol 4 (3) ◽  
pp. 57-62
Author(s):  
Yiling Ding
Keyword(s):  
Economic Growth ◽  
Belt And Road Initiative ◽  
Asian Countries ◽  
Central Asian ◽  
Belt And Road ◽  
Central Asian Countries ◽  
Important Position ◽  
Soviet Central Asia ◽  
The Belt And Road ◽  
Five Central Asian Countries

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article focuses on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.

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.

scholarly journals Has “The Belt and Road” initiative promoted regional economic growth and economic innovation?

2021 ◽  
Vol 275 ◽  
pp. 03020
Author(s):  
Ruolin Guo ◽  
Hongkai Zhao ◽  
Yingchu Zhang
Keyword(s):  
Economic Growth ◽  
Regional Economic Growth ◽  
Belt And Road Initiative ◽  
Difference In Differences ◽  
Regional Economic ◽  
Belt And Road ◽  
Economic Innovation ◽  
Good Policy ◽  
The Impact ◽  
The Belt And Road

The article regards “The Belt and Road” initiative as a quasi-natural experiment. Based on the county panel data from 1999 to 2017, difference-in-differences model (DID) is used to examine the impact of the “The Belt and Road” initiative on regional economic growth and economic innovation. The study found that the “The Belt and Road” initiative can significantly increase the economic growth and innovation of the region. Through the placebo test and the robustness test, it shows good policy uniqueness characteristics. The article further analyzes the heterogeneity of the initiative. The study found that the initiative has more obvious economic growth and innovation in the central region.

scholarly journals Central Asia as an area of China’s and Russia’s interests

2019 ◽  
Vol 27 (4) ◽  
pp. 732-742
Author(s):  
Elena A. Egorycheva
Keyword(s):  
Central Asia ◽  
Belt And Road Initiative ◽  
Scientific Cooperation ◽  
Investment Projects ◽  
Global Issues ◽  
Trade Relations ◽  
Eurasian Economic Union ◽  
Belt And Road ◽  
Economic Union ◽  
The Belt And Road

Over the past decades, Russia and China have been steadily deepening their cooperation. It is seen in many fields: mutual trade agreements, investment and scientific cooperation, ecological and environment solutions to global issues. Russia is actively engaged in the Belt and Road Initiative proposed by China. Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan, and Kyrgyzstan are engaged in it as well. Some of them are also members of the Eurasian Economic Union. The paper aimed to identify China’s and Russia’s current interests in these countries, as Central Asia (CA) is the area where Russia’s and China’s interests coincide. Trade relations between the analyzed countries are considered in it. The paper also addresses investment projects under Belt and Road Initiative, which China has been financing in CA countries.

scholarly journals China’s Guangdong-Hong Kong-Macao Greater Bay Area: a new development opportunity for Hong Kong

2019 ◽  
Vol 22 (1) ◽  
pp. 8-14
Author(s):  
Siu-kai Lau
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Hong Kong ◽  
Industrial Structure ◽  
National Development ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Bay Area ◽  
Belt And Road ◽  
The Belt And Road

Purpose The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Strategy is an important component of the “Belt and Road Initiative” of China. The purpose of this Project is to develop the GBA into the most open, market-oriented and innovative pole of economic growth in China. The GBA Project provides Hong Kong with a rare opportunity to diversify its industrial structure and to move into a new and higher stage of economic development. Design/methodology/approach Being an integral part of the GBA, Hong Kong is expected and supported by the Central Government to develop into a hub of the Area, and, leveraging on Hong Kong’s status as an international metropolis, to connect the Area as a whole with the world. Findings China’s Guangdong-Hong Kong-Macao Greater Bay Area Project is a major national development strategy and is a major part of the Belt and Road Initiative. Hong Kong is going to play an important role in the Project and will benefit from it enormously in the future in terms of economic growth and the upgrading of its industrial structure. However, in order to take full advantage of participation in the Project, the way Hong Kong is governed, particularly the government's role in economic development, has to be modified significantly. Originality/value In order to take advantage of the Project, the Hong Kong SAR Government has to play a bigger and more proactive role in Hong Kong’s socioeconomic development and to strengthen its capacity to mobilize societal participation in the Project.

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