Does the Belt and Road Initiative affect the business environment of participating countries?

Yahui Chen, Charles Marrewijk, Changsheng Xu and Congmin Zuo

Journal of the Asia Pacific Economy, 2022, vol. 27, issue 3, 425-444

Abstract: This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.

Date: 2022
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DOI: 10.1080/13547860.2022.2082748

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