Global Value Chain Trade along the Belt andRoad and Projects Allocation

Kaku Attah Damoah, Giorgia Giovannetti () and Enrico Marvasi

Working Papers - Economics from Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa

Abstract: We analyze the trade patterns among the countries involved in the Belt and Road Initiative (BRI) and investigate whether and to what extent they explain the allocation of investment projects regarding their number and value. Our findings indicate that investments tend to concentrate in countries already involved in global value chains (GVC) and especially favor suppliers of intermediate goods to China with similar sectoral specialization. At the same time, more developed countries closer to destination markets tend to attract fewer but larger investments. The BRI represents an opportunity for China to upgrade its exports and for the involved countries to join GVC productions.

Keywords: Belt and Road; China; global value chains; trade patterns (search for similar items in EconPapers)
JEL-codes: F14 F15 F21 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2019
New Economics Papers: this item is included in nep-int and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:frz:wpaper:wp2019_07.rdf

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