ANALYSIS OF EXPORT VOLUME IN BELT AND ROAD COUNTRIES BY GRAVITY MODEL METHOD

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Year-Number: 2022-133
Yayımlanma Tarihi: 2022-10-06 21:33:51.0
Language : İngilizce
Konu : Uluslararası İktisat
Number of pages: 266-277
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Abstract

Belt and Road Initiative (BRI) is a strategy proposed by the People’s Republic of China in 2015.  BRI is an initiative that aims to integrate countries with infrastructure investments. BRI contains six international economic corridors. These corridors reduce the distances between countries thanks to roads, ports, and infrastructure investments.  In this study, we analyzed the impact of infrastructure on export in Belt & Road countries during 2000–2020 by applying the System GMM approach. The consequences show the important and positive impact of indication and sub-indications (i.e., energy, telecommunication, transport, and finance) of infrastructure on export in countries like Asia, Europe, the Middle East, and Africa.

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