|Table of Contents|

Research on the bilateral trade cost effects of the infrastructures ofChina and the Six Economic Corridors under "The Belt and Road"(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2021年02期
Page:
48-60
Research Field:
国际经济与贸易
Publishing date:
2021-03-10

Info

Title:
Research on the bilateral trade cost effects of the infrastructures ofChina and the Six Economic Corridors under "The Belt and Road"
Author(s):
HU Zaiyong
School of International Economics, China Foreign Affairs University, Beijing 100037, China
Keywords:
The Belt and Road;  Six Economic Corridors;  infrastructure;  bilateral trade cost;  free trade agreement;  transportation time
PACS:
F740
DOI:
-
Abstract:
Based on the measuring and calculating the bilateral trade costs between China and the countries along the Six Economic Corridors under "The Belt and Road", this paper analyzes the impact of infrastructures and their interactions on the bilateral trade costs based on gravity equation and the Generalized Method of Moments(GMM). The research shows that the average bilateral trade costs between China and the countries along the Six Economic Corridors fluctuated over time, but the overall downward trend is very significant; the average level and the descend range of the bilateral trade costs between China and each country along the economic corridors are quite diverse, but the overall trends are also downward. After putting the significant impactors under control, such as the gap of per capita income, distance, trade openness, whether or not having signed a free trade agreement, whether or not sharing a border, etc., the study finds that the maritime infrastructure, land and air transport infrastructure and their interaction can significantly reduce the bilateral trade costs, in which the effect of infrastructure interaction on reducing bilateral trade costs is lower than that of infrastructures themselves.

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Last Update: 2021-03-10