IDEAS home Printed from https://ideas.repec.org/a/rfa/aefjnl/v7y2020i1p33-41.html
   My bibliography  Save this article

Europe and Central Asia in China’s Belt and Road’ Initiative: A Multidimensional Analysis of Trade Intensiveness

Author

Listed:
  • Vivien Kitty Molnár
  • Dechun Huang
  • Md. Ekram Hossain

Abstract

From the middle of 90’s, the bilateral trade between China and Europe and Central Asia (EU-CA) has become more important in the world trade. In 2013, the Chinese government introduced its new economic policy, the Belt and Road Initiative (BRI), which opened a new are of the world trade’s history. This paper is attempt to measure strength and nature of bilateral trading relationship between China and EU-CA. Furthermore, we are looking for the answer how the BRI is affecting on the studied countries’ economies. Many statistical indices can be used to measure international trade relations. This paper has used one such index such as trade intensity. Trade intensity indices have been calculated for the period from 1997 to 2017. Described intensity indices of bilateral trade relations, both countries will help determine how intensively countries that trade with each other. Thus, this study found that intensity between two countries is high and the BRI did not increase the trade intensiveness between China and EU-CA as we were expecting.

Suggested Citation

  • Vivien Kitty Molnár & Dechun Huang & Md. Ekram Hossain, 2020. "Europe and Central Asia in China’s Belt and Road’ Initiative: A Multidimensional Analysis of Trade Intensiveness," Applied Economics and Finance, Redfame publishing, vol. 7(1), pages 33-41, January.
    • Handle: RePEc:rfa:aefjnl:v:7:y:2020:i:1:p:33-41
    as

    Download full text from publisher

    File URL: http://redfame.com/journal/index.php/aef/article/download/4586/4851
    Download Restriction: no
    File URL: http://redfame.com/journal/index.php/aef/article/view/4586
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Yuhong Shang & Nina Ponikvar & Katja Zajc Kejžar, 2016. "The Changing Patterns of China–CEE Trade," Europe-Asia Studies, Taylor & Francis Journals, vol. 68(9), pages 1486-1505, October.
    2. Bhattacharyay, Biswa Nath & Mukhopadhyay, Kakali, 2015. "A comprehensive economic partnership between India and Japan: Impact, prospects and challenges," Journal of Asian Economics, Elsevier, vol. 39(C), pages 94-107.
    3. Sayeeda Bano, 2014. "Trade Relations between New Zealand and China: An Empirical Analysis in the Context of a Free Trade Agreement," Review of Economics & Finance, Better Advances Press, Canada, vol. 4, pages 75-92, November.
    4. K. Kalirajan, 1999. "Stochastic varying coefficients gravity model: An application in trade analysis," Journal of Applied Statistics, Taylor & Francis Journals, vol. 26(2), pages 185-193.
    5. Sayeeda Bano, 2014. "An Empirical Examination of Trade Relations between New Zealand and China in the Context of a Free Trade Agreement," Working Papers in Economics 14/04, University of Waikato.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hossain, Ekram & Dechun, HUANG & ZHANG, Changzheng & Neequaye, Ebenezer Nickson & Van, Vu Thi & Ali, Mohammad, 2021. "Trade Deficit of Bangladesh with China: Patterns, Propensity and Policy Implications," OSF Preprints 7j9vh, Center for Open Science.
    2. A Salim, Ruhu & Mahfuz Kabir, Mohammad, 2011. "Does More Trade Potential Remain in Arab States of the Gulf ?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 26, pages 217-243.
    3. Rahman, Mizanur, 2008. "The Impact of a Common Currency on East Asian Production Networks and China’s Exports Behavior," MPRA Paper 13931, University Library of Munich, Germany.
    4. Swapan K. Bhattacharya & Gouranga G. Das, 2014. "Can South–South Trade Agreements Reduce Development Deficits?," Journal of South Asian Development, , vol. 9(3), pages 253-285, December.
    5. Pengfei Chu & Guanxia Xie & Zhenyun Liu, 2020. "Research on the Export Potential of China’s Equipment Manufacturing Products to Countries Along the Belt and Road," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(10), pages 105-105, October.
    6. Aggarwal, Sakshi & Chakraborty, Debashis, 2017. "Determinants of India’s Bilateral Intra-Industry Trade over 2001-15: Empirical Results," MPRA Paper 78020, University Library of Munich, Germany.
    7. Simone Juhasz Silva & Douglas Nelson, 2012. "Does Aid Cause Trade? Evidence from an Asymmetric Gravity Model," The World Economy, Wiley Blackwell, vol. 35(5), pages 545-577, May.
    8. Tanya GANDHI & Shahid AHMED, 2020. "Testifying the role of regulatory environment in trade facilitation: Impact on intra-regional trade in South-Asia," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(625), W), pages 195-216, Winter.
    9. Asada, Raphael & Stern, Tobias, 2018. "Competitive Bioeconomy? Comparing Bio-based and Non-bio-based Primary Sectors of the World," Ecological Economics, Elsevier, vol. 149(C), pages 120-128.
    10. repec:era:chaptr:2013-rpr-29-06 is not listed on IDEAS
    11. Aggarwal, Sakshi, 2023. "Intra-industry trade: Revisiting theory and Literature Survey," MPRA Paper 117182, University Library of Munich, Germany.
    12. Ebaidalla Mahjoub Ebaidalla & Mohammed Elhaj Mustafa Ali, 2018. "Assessing the Intra-Arab Trade Integration and Potential: Evidence from Stochastic Frontier Gravity Model," Working Papers 1247, Economic Research Forum, revised 07 Nov 2018.
    13. Nguyen Xuan Trung & Nguyen Duc Hung & Nguyen Thi Hien, 2018. "Exploiting the Trade Potential from Integration: Analysing the Impact of Free Trade Agreements between ASEAN and India and China," China Report, , vol. 54(4), pages 442-466, November.
    14. Bryn Battersby & Robert Ewing, 2005. "International Trade Performance: The Gravity of Australia's Remoteness," Treasury Working Papers 2005-03, The Treasury, Australian Government, revised Jun 2005.
    15. Ruhul Salim & Shahriar Kabir, 2010. "The Immediate Impact Of Euro On Intra-Regional Trade: An Event Study Approach," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(3), pages 43-55, September.
    16. Ahmed, Shahid, 2010. "India-Korea CEPA: Potentials and Realities," MPRA Paper 26206, University Library of Munich, Germany.
    17. Soumyananda Dinda, 2011. "Trade Opportunities for Climate Smart Goods and Technologies in Asia," Working Papers 2011/16, Maastricht School of Management.
    18. Biswa N Bhattacharyay & Swapan K. Bhattacharya, 2010. "Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to Asian Economic Community," Working Papers id:3272, eSocialSciences.
    19. Zwinkels, Remco C.J. & Beugelsdijk, Sjoerd, 2010. "Gravity equations: Workhorse or Trojan horse in explaining trade and FDI patterns across time and space?," International Business Review, Elsevier, vol. 19(1), pages 102-115, February.
    20. Shiro Armstrong, 2007. "Measuring Trade and Trade Potential: A Survey," Asia Pacific Economic Papers 368, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.
    21. Sheng, Yu & Wu, Yanrui & Shi, Xunpeng & Zhang, Dandan, 2015. "Energy trade efficiency and its determinants: A Malmquist index approach," Energy Economics, Elsevier, vol. 50(C), pages 306-314.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfa:aefjnl:v:7:y:2020:i:1:p:33-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Redfame publishing (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.