The impact of China’s One Belt One Road initiative on international trade in the ASEAN region
Citation
Source Title
Faculty
School
Collection
Abstract
This study explores the potential effects of China’s ‘One Belt One Road’ (OBOR) policy on trade flows in ASEAN countries and China. We use the augmented gravity model of international trade and data on ASEAN countries and China from 2000 to 2016. The empirical results show that the coefficient of the OBOR dummy is positive and statistically significant, which implies that this policy benefits both ASEAN countries and China in terms of increased trade flows among these countries. In addition, the coefficients of other control variables, such as a common language, a common border, and distance, have the expected signs, and all are statistically significant. Thus, the OBOR policy initiative could be a promising mechanism for trade facilitation in these countries in the years to come.
Related items
Showing items related by title, author, creator and subject.
-
Philip, Abey; Alapppatt, M. (2015)This paper investigates the importance of relevant macro variables of trade between ASEAN countries and India. It is also important to analyse the significance of different bilateral agreements and its impact on Indian ...
-
Philip, Abey; Alappatt, Mathew (2012)Using cross sectional data for the year 1980-2010, this paper investigates the importance of relevant macro variable of ASEAN on Indian international trade. It is also important to analyses the significance of different ...
-
Kabir, S.; Bloch, Harry; Salim, Ruhul (2018)© 2018 The Applied Regional Science Conference (ARSC) and John Wiley & Sons Australia, Ltd. The literature on the recent Global Financial Crisis (GFC) focuses on the decimation of Western economies; however, the impact ...