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作者:

Wang, Chao (Wang, Chao.) | Lim, Ming K. (Lim, Ming K..) | Zhang, Xinyi (Zhang, Xinyi.) | Zhao, Longfeng (Zhao, Longfeng.) | Lee, Paul Tae-Woo (Lee, Paul Tae-Woo.)

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SSCI EI SCIE

摘要:

China's Belt and Road Initiative (BRI) is one of the most ambitious infrastructure investment efforts in history, representing great potential for stimulating regional economic growth in Asia, Europe and Africa. This study collects cross-country panel data from 2007 to 2016 and investigates the impact of transport infrastructure (railway and road) on the economic growth in the BRI countries. First, a spatial-temporal characteristics analysis of transport infrastructure and economic growth is presented. Then, the global Moran's I and the local Moran scatterplot are employed to test for possible spatial autocorrelations. Finally, both static and dynamic spatial models are utilized to empirically examine the impact of transport infrastructure on economic growth from the national and regional perspectives. The estimation results at the national level reveal that the transport infrastructure in the BRI countries plays an essential role in facilitating economic growth. Moreover, this study finds significantly positive spatial spillover effects of economic growth in the categories of geographical distance, economic distance, cultural distance, and institutional distance spatial weight matrices, i.e., shorter geographical distances and economic, cultural and institutional similarities among the BRI countries lead to mutual economic growth. The estimation results at the regional level indicate that the spatial spillover effects of transport infrastructure are significantly negative in East Asia-Central Asia and the Commonwealth of Independent States and in South Asia. On the contrary, the positive spatial spillover effect of transport infrastructure on economic growth is most pronounced in Central and Eastern Europe. This indicates the polarization effect in the initial stage of the lagging transport infrastructure and the diffusion effects after the transport infrastructure is mature. This study is valuable because it examines the impact of transport infrastructure on economic growth in the BRI countries. In addition, two policy suggestions for driving the regional economy in the BRI countries are given.

关键词:

Belt and Road Initiative BRI Economic growth Spatial econometrics Transport infrastructure

作者机构:

  • [ 1 ] [Wang, Chao]Beijing Univ Technol, Coll Econ & Management, Res Base Beijing Modern Mfg Dev, Beijing, Peoples R China
  • [ 2 ] [Zhang, Xinyi]Beijing Univ Technol, Coll Econ & Management, Res Base Beijing Modern Mfg Dev, Beijing, Peoples R China
  • [ 3 ] [Lim, Ming K.]Chongqing Univ, Coll Mech Engn, Chongqing, Peoples R China
  • [ 4 ] [Zhao, Longfeng]Northwestern Polytech Univ, Sch Management, Xian, Peoples R China
  • [ 5 ] [Lee, Paul Tae-Woo]Zhejiang Univ, Ocean Coll, Hangzhou, Zhejiang, Peoples R China

通讯作者信息:

  • [Lim, Ming K.]Chongqing Univ, Coll Mech Engn, Chongqing, Peoples R China

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来源 :

TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE

ISSN: 0965-8564

年份: 2020

卷: 134

页码: 288-307

6 . 4 0 0

JCR@2022

ESI学科: SOCIAL SCIENCES, GENERAL;

ESI高被引阀值:18

JCR分区:1

被引次数:

WoS核心集被引频次: 151

SCOPUS被引频次: 189

ESI高被引论文在榜: 5 展开所有

  • 2022-3
  • 2022-1
  • 2021-11
  • 2021-9
  • 2021-3

万方被引频次:

中文被引频次:

近30日浏览量: 6

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