Research Article of Journal of Modern Economy
Impacts of Infrastructure on One Country’s Trade
— An Analysis based on the “new Eurasian Continental Bridge Economic Corridor” along the “One Belt One Road”
1Hui He, 2Qi Gao, 3Weitao Liu, 4Mingjie Hu and 5Meng Wu
1Qingyuan polytechnic, Economic doctor, engaged in development economic research;
2People’s Bank of China Jiamusi Branch, Economic master, engaged in international financial research;
3Harbin Insititute of Technology (ShenZhen), Management postdoctoral fellow, engaged in development economic research;
4Nanjing University, Economic undergraduate, engaged in international trade research;
5South China University of Technology, Economic master, engaged in public economic and public policy research.
In nowadays context of global economic integration, China has proposed the “One Belt One Road” Strategy in 2014, which fits into the new changes in global economy and finds us a new growth in economy development. This article has selected the panel data of 23 countries along the “new Eurasian Continental Bridge Economic Corridor” in 2002-2016 and analyzed the influences of one country’s economic infrastructure and social infrastructure upon its national trades using the fixed effect model. The research result shows that the construction of energy infrastructure may produce less obvious negative effects on one country’s national trade while the influences of the railway and aviation infrastructure will be varied because of the different natural endowments of the country. And one country’s trade will increase as construction of communication infrastructure develops. For social infrastructure, the effects upon one country’s trade are not obvious from education infrastructure construction, scientific research infrastructure construction, medical infrastructure construction and environmental infrastructure construction.
Keywords: infrastructure; “One Belt One Road”; Trade
How to cite this article:
Hui He, Qi Gao, Weitao Liu, Mingjie Hu and Meng Wu. Impacts of Infrastructure on One Country’s Trade— An Analysis based on the “new Eurasian Continental Bridge Economic Corridor” along the “One Belt One Road”. Journal of Modern Economy, 2018,1:3. DOI: 10.28933/jme-2018-01-
1 Limao N, Venables A J. Infrastructure, geographical disadvantage, transport costs, and trade[J]. The World Bank Economic Review, 2001, 15(3): 451-479.
2 Wilson G, Stacey E. Online interaction impacts on learning: Teaching the teachers to teach online[J]. Australasian journal of educational technology, 2004, 20(1): 33-48.
3 Behar E, DiMarco I D, Hekler E B, et al. Current theoretical models of generalized anxiety disorder (GAD): Conceptual review and treatment implications[J]. Journal of anxiety disorders, 2009, 23(8): 1011-1023.
4 Hamid O, Robert C, Daud A, et al. Safety and tumor responses with lambrolizumab (anti–PD-1) in melanoma[J]. N Engl J Med, 2013, 2013(369): 134-144.
5 Bougheas S, Demetriades P O, Morgenroth E L W. Infrastructure, transport costs and trade[J]. Journal of International Economics, 1999, 47(1): 169-189.
6 Burn C R. Lake‐bottom thermal regimes, western Arctic coast, Canada[J]. Permafrost and Periglacial Processes, 2005, 16(4): 355-367.
7 Nordås H K, Piermartini R. Infrastructure and trade[J]. 2004.
8 Portugal-Perez A, Wilson J S. Export performance and trade facilitation reform: Hard and soft infrastructure[J]. World Development, 2012, 40(7): 1295-1307.
CC BY 4.0
This work and its PDF file(s) are licensed under a Creative Commons Attribution 4.0 International License.