Abstract
This study examines the potential effects of China’s ‘One-Belt One-Road’initiative (OBOR) on trade flows and global value chain (GVC) connections.The empirical analysis is based on the augmented trade gravity model, which comprises 186 economies and 199 of their partners from 2000 to 2018. We also estimate the gravity model for involvement in GVC (domestic value added in intermediate exports, foreign value added in exports, and one country’s contributed value in another’s total exports). OBOR proves to be positively correlated with international trade and GVC, while some corridors seem to benefit more than others (e.g. China-Pakistan,China-Mongolia-Russian Federation, and Bangladesh-China-India-Myanmar).
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- Category:
- Articles
- Type:
- artykuły w czasopismach dostępnych w wersji elektronicznej [także online]
- Published in:
-
Asia-Pacific Journal of Accounting & Economics
pages 1 - 18,
ISSN: 1608-1625 - Language:
- English
- Publication year:
- 2024
- Bibliographic description:
- Lu Y., Wolszczak-Derlacz J., The impact of China’s One-Belt One-Road initiative on international trade and global value chains, Asia-Pacific Journal of Accounting & Economics, 2024,10.1080/16081625.2024.2336122
- DOI:
- Digital Object Identifier (open in new tab) 10.1080/16081625.2024.2336122
- Sources of funding:
-
- Free publication
- Verified by:
- Gdańsk University of Technology
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