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| 1 |
ID:
190400
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| Summary/Abstract |
The Belt and Road Initiative (BRI) offers investment opportunities for several Eurasian countries but not all of them attract investments in the same way. This paper investigates the geographical distribution of BRI projects completed between 2013 and 2020. The analysis shows that pre-existing trade patterns are related to the likelihood of a country receiving completed BRI projects. We single out and provide evidence in support of five stylized facts. First, BRI countries with completed projects tend to be poorer and larger. Second, projects are more likely to occur in countries with intense intermediate trade with China. Third, the countries that received projects have more diversified export structures and their sectoral specialization overlaps with that of China. Fourth, among middle-high-income countries, the allocation of projects tends to favor those with high levels of intra-industry trade. Fifth, among BRI countries with projects, the complexity or sophistication of the goods traded increases faster with income. These findings suggest that fostering trade integration has direct benefits and may also contribute to further BRI investments.
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| 2 |
ID:
186212
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| Summary/Abstract |
Using micro-level data from 2009–2015 and the difference-in-difference method, this paper empirically examines the impact of the Belt and Road Initiative (BRI) on the quality of food imported by Chinese enterprises from BRI countries. Our baseline results show that the BRI significantly improved the quality of food imported from these countries. Further investigation reveals that trade patterns, ownership types, import regions, transportation methods, and product quality show significant heterogeneous effects in influencing the quality of imported food. A mechanism analysis indicates that the BRI improves the quality of imported food through three main channels: import trade environment enhancement, competition effect, and consumption upgrading, with the competition effect having the largest impact compared with the other two channels. Our findings suggest that China should not only improve the infrastructure in BRI countries but also use the BRI as an opportunity to enhance the level of cooperation with BRI countries and maintain stability and sustainability in cooperation with them.
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