DEVELOPMENT OF ASIA-PACIFIC COUNTRIES: DOES BELT AND ROAD INITIATIVE MAKE ANY DIFFERENCE?

Salma Ahmed

Asia-Pacific Sustainable Development Journal, 2023, vol. 30, issue 1, 217-262

Abstract: Using annual data for the period 2000−2019, the paper reviews economic progress in Asia-Pacific countries and assesses whether the China-led Belt and Road Initiative (BRI) contributes to this trend. Based on selected development indicators and their trends before and after the announcement of the Initiative, the findings confirm significant trade expansion associated with growing connectivity achieved through infrastructure finance from China to BRI economies vis-à -vis their non-BRI counterparts. The rising trade ties are associated with output growth, contributing to the development trajectories of BRI countries and bringing some modest positive spillover effects to non-BRI members. Policy implications are proposed accordingly.

Keywords: China; Belt and Road Initiative; infrastructure; development assistance; Asia-Pacific region (search for similar items in EconPapers)
JEL-codes: O10 O53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:30:y:2023:i:1:p:217-262

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