 The distributive impacts of the Belt and Road InitiativeZhi Luo, Guanghua Wan, Chen Wang and Xun Zhang Journal of Economic Surveys, 2022, vol. 36, issue 3, 586-604 Abstract: The mission of the Belt and Road Initiative (BRI) is to achieve shared prosperity through cross‐border trade, investment flows, connectivity, people bond, and policy coordination. This motivates us to explore and evaluate the distributive effects of trade and investments under the BRI, as it offers a quasi‐natural experiment for impact evaluation by taking the BRI economies as the treatment group and other countries as the control group. Estimation results show that the BRI has generated benign distributive impacts, as the Gini estimates in BRI economies are significantly reduced after the implementation of the BRI. Further, the benign distributive impacts are found to come from imports from China. More specifically, imports from China that are complementary to local labor inputs are positively correlated with labor participation, thereby helping raise the labor share in national income and reduce income inequality. Conversely, imports of machinery, agricultural products, minerals, and so on from China are found to be negatively correlated with the GDP share of the primary industry. In other words, they help promote industrialization and urbanization in BRI economies, which are expected to lead to better income distribution in the long run. Date: 2022 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jecsur:v:36:y:2022:i:3:p:586-604 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Journal of Economic Surveys from Wiley Blackwell |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.