Research on the Impact of Facilities Connectivity on Trade Benefits alone the Belt and Road Countries

doi:10.13438/j.cnki.jdxb.2020.03.013

Abstract

Abstract: From the perspective of global value chain (GVC) participation,based on the value-added trade data of 40 countries along the "Belt and Road" and China in 2005-2015,a static panel fixed effect model is used to give an empirical analysis on the impact of transportation infrastructure and communication infrastructure on the trade interests of the countries along the "Belt and Road".It it found that strengthening the construction of transportation and communication infrastructure is conducive to increasing the domestic added value included in a country's exports and enhancing the country's trade interests.The research on the mechanism of action shows that both transportation infrastructure and communication infrastructure can promote trade benefits by reducing trade costs,and communication infrastructure can also have a positive impact on trade benefits by improving the time efficiency of trade.Therefore,countries along the "Belt and Road" should rely on facilities connectivity,strengthen their transportation and communications infrastructure,and take the initiative to participate in the international division of labor in order to achieve common development and prosperity.

Key words: Belt and Road Initiatives, facilities connectivity, global value chain, trade interests

PENG Jizeng,WANG Yi. Research on the Impact of Facilities Connectivity on Trade Benefits alone the Belt and Road Countries[J]. Journal of Jishou University（Social Sciences）, DOI: 10.13438/j.cnki.jdxb.2020.03.013.

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