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A study on the belt and road initiative’s trade and its influencing factors: Evidence of China-South Asia’s panel data

Author

Listed:
  • Ling Zhou
  • Yanghai Mao
  • Qinyi Fu
  • Danlu Xu
  • Jiaqi Zhou
  • Shaolong Zeng

Abstract

The Belt and Road Initiative (BRI) is a development plan proposed by China that aims to build a new platform for international cooperation and create new drivers of shared development. South Asia is a key area in the Belt and Road Initiative, including eight countries. As the BRI implemented, China’s trade with South Asia has been gradually strengthened. This paper explores the influencing factors of China-South Asia trade under the background of the BRI by using Gravity Model of Trade. The results show that economic growth in China and South Asia, increase of savings rate and improvement of industrialization in South Asia has a significant positive effect on China-South Asia trade. While the development gap between China and South Asia has negative effect on China-South Asia trade.

Suggested Citation

  • Ling Zhou & Yanghai Mao & Qinyi Fu & Danlu Xu & Jiaqi Zhou & Shaolong Zeng, 2023. "A study on the belt and road initiative’s trade and its influencing factors: Evidence of China-South Asia’s panel data," PLOS ONE, Public Library of Science, vol. 18(4), pages 1-16, April.
    • Handle: RePEc:plo:pone00:0282167
    DOI: 10.1371/journal.pone.0282167
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    References listed on IDEAS

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