IDEAS home Printed from https://ideas.repec.org/p/zbw/udedao/1092016.html
   My bibliography  Save this paper

The effect of the New Silk Road railways on aggregate trade volumes between China and Europe

Author

Listed:
  • Li, Yuan
  • Bolton, Kierstin
  • Westphal, Theo

Abstract

"One Belt, One Road" is an extensive and complex initiative whose potential effect and influence are still currently pending for answers. This paper addresses the following research question: What is the effect of the New Silk Road intercontinental railways on the trade between China and its trading partners in Central Asia and Europe? We focus on nine railway lines connecting Europe and China, which started operations between 2011 and 2015. The countries´ trade patterns with railway connections to China are then compared to the countries without railway connections to China. We find the intercontinental railways have a positive effect on China´s exports to its trading partners in Central Asia and Europe, especially concerning exports of manufactured goods, machinery and transport equipment, and miscellaneous manufactured articles. Moreover, the intercontinental railways have a positive effect on China´s imports of food and live animals from its trading partners.

Suggested Citation

  • Li, Yuan & Bolton, Kierstin & Westphal, Theo, 2016. "The effect of the New Silk Road railways on aggregate trade volumes between China and Europe," Working Papers on East Asian Studies 109/2016, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    • Handle: RePEc:zbw:udedao:1092016
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/142779/1/861804694.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Justin Yifu Lin, 2015. ""One Belt and One Road" and Free Trade Zones¡ªChina's New Opening-up Initiatives," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 10(4), pages 585-590, December.
    2. A. Porojan, 2001. "Trade Flows and Spatial Effects: The Gravity Model Revisited," Open Economies Review, Springer, vol. 12(3), pages 265-280, July.
    3. Halbeisen, Hermann, 2003. "Taiwan`s domestic politics since the presidential elections 2000," Working Papers on East Asian Studies 53/2003, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    4. Derichs, Claudia (Ed.) & Schaffar, Wolfram (Ed.), 2003. "Task Force - Interessen, Machstrukturen und internationale Regime: Die WTO-Verhandlungen zum GATS (Dienstleistungsabkommen) und sein Einfluss auf Asien," Working Papers on East Asian Studies 52/2003, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    5. Dulani Seneviratne & Ms. Yan M Sun, 2013. "Infrastructure and Income Distribution in ASEAN-5: What are the Links?," IMF Working Papers 2013/041, International Monetary Fund.
    6. Heberer, Thomas, 2004. "Ethnic entrepreneurs as agents of social change: Entrepreneurs, clans, social obligations and ethnic resources: the case of the Liangshan Yi in Sichuan," Working Papers on East Asian Studies 54/2004, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Pomfret, "undated". "The Eurasian Land Bridge: The Role of Service Providers in Linking the Regional Value Chains in East Asia and the European Union," Working Papers DP-2018-01, Economic Research Institute for ASEAN and East Asia (ERIA).
    2. Richard Pomfret, 2017. "Improved Infrastructure and Agricultural Exports from Central Asia," Economia agro-alimentare, FrancoAngeli Editore, vol. 19(1), pages 35-57.
    3. Victor Sadovnichii & Gennady Osipov & Askar Akaev & Artemy Malkov & Sergey Shulgin, 2018. "Socio-Economic Effectiveness of the Development of the Railway Network in Siberia and the Far East: Mathematical Simulation and Forecast," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 758-777.
    4. Chen Shen, 2023. "The Impact of Infrastructure Development on China–ASEAN Trade-Evidence from ASEAN," Sustainability, MDPI, vol. 15(4), pages 1-11, February.
    5. Ling Fang & Martin Kleimann & Yuan Li & Hans-Jörg Schmerer, 2019. "The Implications of the New Silk Road Railways on Local Development," CESifo Working Paper Series 7923, CESifo.
    6. Chu Ping Lo, 2018. "China's New Silk Road and China-EU Trade," Annals of Economics and Finance, Society for AEF, vol. 19(2), pages 683-701, November.

    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. Siebert, Jan & Yang, Guanzhong, 2017. "Discoordination and miscoordination caused by sunspots in the laboratory," Working Papers on East Asian Studies 114/2017, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    2. Noesselt, Nele & Eckstein, Tanja & Priupolina, Elizaveta, 2021. "Decrypting China's self-image as "great power"," Working Papers on East Asian Studies 130/2021, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    3. Pascha, Werner, 2020. "Silk subway: Japan's strategy for an age of international connectivity activism," Working Papers on East Asian Studies 126/2020, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    4. Hemmert, Martin & Kim, Jae-Jin, 2018. "Informal social ties and relationship orientation in Korean business exchanges: A content analysis of ten inter-organizational research collaborations," Working Papers on East Asian Studies 123/2018, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    5. Shuanping Dai & Guanzhong Yang, 2020. "Does Social Inducement Lead to Higher Open Innovation Investment? An Experimental Study," Sustainability, MDPI, vol. 12(5), pages 1-17, March.
    6. Moll-Murata, Christine (Ed.), 2022. "Northeast Asia in focus: Life, work and industry between the Steppe and the Metropoles, 1900-2020. Essays in commemoration of Flemming Christiansen's retirement - Festschrift," Working Papers on East Asian Studies 131, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    7. Esteban, Mario & Li, Yuan, 2017. "Demystifying the belt and road initiative: Scope, actors and repercussion for Europe," Working Papers on East Asian Studies 117/2017, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    8. Huang, Dongya & Chen, Minglu & Heberer, Thomas, 2017. "From "state control" to "business lobbying": The institutional origin of private entrepreneurs' policy influence in China," Working Papers on East Asian Studies 118/2017, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    9. Grimmel, Andreas & Li, Yuan, 2018. "The belt and road initiative: A hybrid model of regionalism," Working Papers on East Asian Studies 122/2018, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    10. Schüler, Diana & Suhalitca, Mihaela & Pascha, Werner & Oh, Keun-yeob, 2020. "Government policies for start-ups in Korea and its regions: Motives, mechanisms and major obstacles," Working Papers on East Asian Studies 127/2020, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    11. Dai, Shuanping, 2017. "China's idiosyncratic economics: An emerging unknown monism driven by pluralism," Working Papers on East Asian Studies 111/2017, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    12. Heberer, Thomas, 2006. "Institutional change and legitimacy via Urban elections? People's awareness of elections and participation in Urban neighbourhoods (Shequ)," Working Papers on East Asian Studies 68/2006, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    13. Göbel, Christian, 2006. "The peasant's rescue from the cadre? An institutional analysis of China's rural tax and fee reform," Working Papers on East Asian Studies 69/2006, University of Duisburg-Essen, Institute of East Asian Studies IN-EAST.
    14. Simplice Asongu & Ndemaze Asongu, 2018. "The comparative exploration of mobile money services in inclusive development," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 45(1), pages 124-139, January.
    15. Asongu, Simplice & Boateng, Agyenim & Akamavi, Raphael, 2016. "Mobile Phone Innovation and Inclusive Human Development: Evidence from Sub-Saharan Africa," MPRA Paper 75046, University Library of Munich, Germany.
    16. Simplice Asongu & Jacinta Nwachukwu, 2016. "Welfare Spending and Quality of Growth in Developing Countries: A Note on Evidence from Hopefuls, Contenders and Best Performers," Working Papers of the African Governance and Development Institute. 16/028, African Governance and Development Institute..
    17. Simplice A Asongu & Sara Le Roux, 2019. "Understanding Sub-Saharan Africa’s Extreme Poverty Tragedy," International Journal of Public Administration, Taylor & Francis Journals, vol. 42(6), pages 457-467, April.
    18. Simplice Asongu & Rexon Nting, 2021. "The role of finance in inclusive human development in Africa revisited," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 38(2), pages 345-370, February.
    19. Reinhold Kosfeld & Hans-Friedrich Eckey, 2010. "Market access, regional price level and wage disparities: the German case," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 30(2), pages 105-128, September.
    20. Asongu, Simplice & Nwachukwu, Jacinta C., 2015. "Finance and Inclusive Human Development: Evidence from Africa," MPRA Paper 71787, University Library of Munich, Germany.

    More about this item

    Keywords

    One Belt; One Road; trade; transportation cost; weapons of the rich; everyday forms of policy influence;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:zbw:udedao:1092016. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwessde.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.