Research on the influencing factors of bilateral financial cooperation from the perspective of structural power--Empirical analysis of threshold model based on data of China and the countries along the Belt and Road

Tao Shen () and Dacheng Bu ()
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Tao Shen: Guangxi University, College of Business Administration
Dacheng Bu: Guangxi University, College of Economics

A chapter in Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), 2024, pp 271-285 from Springer

Abstract: Abstract The construction of the ‘the Belt and Road’ is an important part of China’s external economic cycle. Summarizing the historical experience of financial cooperation between China and countries along the Belt and Road, and proposing differentiated cooperation strategies has important value for deepening the bilateral financial cooperation in the future. We constructs a financial cooperation index between China and countries along the Belt and Road with data from 2000 to 2018, divides these countries into high, medium and low cooperation countries, then, based on the structural rights perspective to select influencing factors from security, production, and financial perspective. Finally, conduct threshold regression analysis with the financial cooperation index. As the result, there is a significant positive correlation between the economic development level and the financial cooperation index. The correlation coefficient increases after the threshold variable crosses threshold. The results show that China and these countries with high level of economic development are more likely to deepen cooperation, but the financial cooperation of is not enough with poor countries.

Keywords: the Belt and Road, Financial Cooperation Index, Regional finance; Threshold model (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-268-2_31

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DOI: 10.2991/978-94-6463-268-2_31

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