How Does the One Belt One Road Initiative Affect the Chinese International Architecture, Engineering, and Construction Firms? Empirical Analysis Based on Propensity Score Matching and Difference-in-Differences Method-Reference-Cited by-同舟云学术

How Does the One Belt One Road Initiative Affect the Chinese International Architecture, Engineering, and Construction Firms? Empirical Analysis Based on Propensity Score Matching and Difference-in-Differences Method

Published:2024-07-02 Issue:7 Volume:14 Page:2016
ISSN:2075-5309
Container-title:Buildings
language:en
Short-container-title:Buildings

Author:

Ye Jinglei¹,Zhang Na¹^ORCID,Deng Xiaopeng²^ORCID,Niu Yanliang³

Affiliation:

1. School of Civil Engineering and Architecture, Zhejiang Sci-Tech University, Hangzhou 310018, China

2. School of Civil Engineering, Southeast University, Nanjing 211189, China

3. School of Management, Shijiazhuang Tiedao University, Shijiazhuang 050043, China

Abstract

With the proposal of the “One Belt One Road (OBOR) initiative”, the Chinese architecture, engineering, and construction (AEC) industry has increasingly been exploring the overseas markets. This paper adopted the propensity score matching and difference-in-differences (PSM-DID) method to evaluate the impact of the OBOR Initiative on Chinese international contractors and consulting firms, respectively. The results shows that the OBOR Initiative significantly stimulated the overseas market development of contractors, whereas it had no positive impact on consulting firms. The results may provide comprehensive guidance for industry practitioners, policymakers, and scholars to correctly understand the different characteristics of international contractors and consulting firms, thereby formulating a targeted development strategy.

Funder

National Natural Science Foundation of China

Science foundation of Zhejiang Sci-Tech University

Publisher

MDPI AG

Link

https://www.mdpi.com/2075-5309/14/7/2016/pdf

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