The trade and welfare effects of the belt and road initiative-Reference-Cited by-同舟云学术

The trade and welfare effects of the belt and road initiative

Published:2023-03-02 Issue: Volume: Page:
ISSN:0965-7576
Container-title:Review of International Economics
language:en
Short-container-title:Rev International Economics

Author:

Gao Meng¹^ORCID,Jin Chenxin²,Jin Wei³^ORCID,Sheng Bin³,Xu Linpu⁴

Affiliation:

1. School of Banking and Finance University of International Business and Economics Beijing China

2. APEC Study Center Nankai University Tianjin China

3. Center for Transnational Studies and the Laboratory for Economic Behaviors and Policy Simulation, Institute of International Economics, School of Economics Nankai University Tianjin China

4. School of Software and Microelectronics Peking University Beijing China

Abstract

AbstractThis paper evaluates the general equilibrium trade and welfare effects of the Belt and Road Initiative (BRI). We estimate the partial trade effect of the BRI using the synthetic control method. By feeding the implied trade cost reduction into counterfactual equations, we simulate the general equilibrium trade and welfare effects of the BRI based on the structural gravity model. We find that the BRI has greatly increased China's and BRI members' trade and welfare, with little impact on non‐BRI members.

Funder

Fundamental Research Funds for the Central Universities

National Social Science Fund of China

Publisher

Wiley

Subject

Development,Geography, Planning and Development

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/roie.12665

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