The Effect of Global Value Chain Participation and Position on Energy Efficiency in Belt and Road Countries

Huaping Sun (), Patience Mensah Acquah, Yi Liu and Farhad Taghizadeh-Hesary ()
Additional contact information
Huaping Sun: Jiangsu University
Patience Mensah Acquah: Jiangsu University
Yi Liu: Shandong University

Chapter Chapter 8 in Energy Efficiency Financing and Market-Based Instruments, 2021, pp 173-197 from Springer

Abstract: Abstract The Belt and Road Initiative (BRI) by the People’s Republic of China, (PRC) has been noted by several scholars to be a massive project aimed at enhancing the Eurasian trade network. Some stakeholders have noted that the program appears to be altruistic. Although partner countries and the PRC both stand to gain from the program, it still leaves doubt in some scholars’ minds about the PRC’s main aim. This, to a large extent, could be one major factor why some European countries were slow to accept the program. However, it does not negate the fact that the program came when several European countries were in search of investments to lift their economies. The current study seeks to add to the pioneering body of literature on the BRI by focusing on a sample of 36 European countries and evaluating their global value chain (GVC) participation and positions before and after the BRI, and the impact on energy efficiency investment. The result shows an even GVC participation by most European countries before the BRI. There were negative and positive position indices of the GVCs after the BRI with a negative dominance. The dominant negative positions could be as a result of the initiative still being in its early stages; considering that a number of European countries were slow to adopt the BRI projects. The result showed no statistically significant prediction of the GVC participation in energy efficiency investment both before and after the BRI. The chapter provides policy recommendations on fostering the energy efficiency and green investments in BRI European countries.

Keywords: Global value chain participation; Global value chain position; Energy efficiency; Belt and Road Initiative (search for similar items in EconPapers)
JEL-codes: B27 F31 P18 Q42 Q43 Z23 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eclchp:978-981-16-3599-1_8

Ordering information: This item can be ordered from
http://www.springer.com/9789811635991

DOI: 10.1007/978-981-16-3599-1_8

Access Statistics for this chapter

More chapters in Economics, Law, and Institutions in Asia Pacific from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().