IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0282167.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0282167
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0282167&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0282167?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bala Ramasamy & Matthew C. H. Yeung, 2019. "China's one belt one road initiative: The impact of trade facilitation versus physical infrastructure on exports," The World Economy, Wiley Blackwell, vol. 42(6), pages 1673-1694, June.
    2. HU,Xiaoyu & QI,Chunjie, . "Development of Agricultural Products Trade between China and Four South Asian Countries —— An Empirical Analysis Based on Trade Competitiveness and Complementarity," Asian Agricultural Research, USA-China Science and Culture Media Corporation, vol. 10(11).
    3. Rongji Huang & Tengfei Nie & Yangguang Zhu & Shaofu Du, 2020. "Forecasting Trade Potential Between China and the Five Central Asian Countries: Under the Background of Belt and Road Initiative," Computational Economics, Springer;Society for Computational Economics, vol. 55(4), pages 1233-1247, April.
    4. Sandeep Kaur & Sangeeta Khorana & Manpreet Kaur, 2020. "Is There Any Potential in Service Trade of South Asia?," Foreign Trade Review, , vol. 55(3), pages 402-417, August.
    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. Na Yang & Jue Wang & Xiaming Liu & Lingyun Huang, 2022. "Home-country institutions and corporate social responsibility of emerging economy multinational enterprises: The belt and road initiative as an example," Asia Pacific Journal of Management, Springer, vol. 39(3), pages 927-965, September.
    2. Qiaoran Yang & Zhiliang Dong & Yichi Zhang & Man Li & Ziyi Liang & Chao Ding, 2021. "Who Will Establish New Trade Relations? Looking for Potential Relationship in International Nickel Trade," Sustainability, MDPI, vol. 13(21), pages 1-15, October.
    3. Wang, Hui & Si, Ieongcheng & Chen, Zhihua, 2024. "Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 63-83.
    4. Adelaide Baronchelli & Raul Caruso & Roberto Ricciuti, 2022. "Trade in Small Arms and Light Weapons: Are embargoes effective?," The World Economy, Wiley Blackwell, vol. 45(5), pages 1336-1361, May.
    5. Koffi Dumor & Yao Li & Ma Yongkai & Enock Mintah Ampaw & Hafez Komla Dumor, 2022. "Evaluating the belt and road initiative effects on trade and migration: Evidence from the East African community," African Development Review, African Development Bank, vol. 34(1), pages 16-28, March.
    6. Kamalbek Karymshakov & Burulcha Sulaimanova, 2021. "The impact of infrastructure on trade in Central Asia," Asia Europe Journal, Springer, vol. 19(1), pages 5-20, December.
    7. Sandeep Kaur & Pushp Kumar & Mohd Arshad Ansari, 2024. "An analysis of Indian FDI inflows through an augmented gravity model: exploring new insights," International Economics and Economic Policy, Springer, vol. 21(2), pages 435-455, May.
    8. Cristina Di Stefano & P. Lelio Iapadre & Ilaria Salvati, 2021. "Trade and Infrastructure in the Belt and Road Initiative: A Gravity Analysis Based on Revealed Trade Preferences," JRFM, MDPI, vol. 14(2), pages 1-15, January.
    9. Hannes Thees, 2020. "Towards Local Sustainability of Mega Infrastructure: Reviewing Research on the New Silk Road," Sustainability, MDPI, vol. 12(24), pages 1-35, December.
    10. Yu Chen & Yan Zhang & Lin Zhao, 2022. "Export creation of the Belt and Road Initiative: “Give‐them‐a‐fish” or “Teach‐them‐to‐fish”?," International Studies of Economics, John Wiley & Sons, vol. 17(4), pages 531-549, December.
    11. Li, Yabo & Zhao, Yan & Yao, Xuemei, 2024. "Does the Belt and Road Initiative upgrade the global value chain for BRI Countries：Revealing the substantial role of infrastructure," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 832-842.
    12. Roni Bhowmik & Yuhua Zhu & Kuo Gao, 2021. "An analysis of trade cooperation: Central region in China and ASEAN," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-25, December.
    13. Jiatao Li & Ari Van Assche & Xiaolan Fu & Lee Li & Gongming Qian, 2022. "The Belt and Road Initiative and international business policy: A kaleidoscopic perspective," Journal of International Business Policy, Palgrave Macmillan, vol. 5(2), pages 135-151, June.
    14. Shuhong Peng & Jing Qian & Xiuwei Xing & Jing Wang & Aliya Adeli & Shujie Wei, 2025. "Technological Cooperation for Sustainable Development Under the Belt and Road Initiative and the Sustainable Development Goals: Opportunities and Challenges," Sustainability, MDPI, vol. 17(2), pages 1-27, January.
    15. Maoguo Wu & Xierui Han, 2022. "Influence of Economic Openness on Total Factor Productivity: Evidence from China’s Belt and Road Initiative," Sustainability, MDPI, vol. 14(20), pages 1-24, October.
    16. Anna Golovko & Hasan Sahin, 2021. "Analysis of international trade integration of Eurasian countries: gravity model approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(3), pages 519-548, September.
    17. Zhijie Guan & Yue Zhang & Ip Ping Sheong Jim Kwee Fat, 2021. "Trade Relations Between Mauritius and China: A Gravity Model Approach," SAGE Open, , vol. 11(4), pages 21582440211, November.
    18. Kaiping Jiang & Kaichao Li & Nan Cong & Siyu Wu & Fei Peng, 2023. "Spatial-Temporal Variation Characteristics and Obstacle Factors of Resilience in Border Cities of Northeast China," Land, MDPI, vol. 12(5), pages 1-19, April.
    19. Jingtao Yi & Yuxin Wang & Da Teng, 2024. "The Belt and Road Initiative: Industry Competition and Corporate Environmental Information Disclosure in China," Sustainability, MDPI, vol. 16(20), pages 1-21, October.
    20. Xuejun Wang & Rongrong Cui & Xi Tian & Jiarong Qian, 2023. "The Belt and Road initiative and food consumption in countries along the route," Agribusiness, John Wiley & Sons, Ltd., vol. 39(S1), pages 1624-1646, December.

    More about this item

    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:plo:pone00:0282167. 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: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    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.