Current

VOlUME 04 ISSUE 01 JANUARY 2021
Impact of Belt and Road Initiative (BRI) on China and South Asia Trade Integration
Mst. Sahiba Mahbub
Assistant Professor Department of Public Administration, Jahangirnagar University, Savar, Dhaka, Bangladesh
DOI : https://doi.org/10.47191/ijsshr/v4-i1-16

Google Scholar Download Pdf
ABSTRACT

Belt and Road Initiative (BRI) is one of the noteworthy initiatives of the Chinese government. It has been intended to interface neighboring 65 nations to enhance inter-regional international trade. This research focused on China and South Asia international trade under BRI framework. South Asian nations share pretty much the equivalent social and social foundation. From the South Asian Association of Regional Cooperation (SAARC) the initiative for trade connectivity has started in this sub-region. Later several trade agreements came into force. In this present research, researchers uncovered present trade integration with China and South Asian countries. To estimate results we have applied gravity model equation. Estimated results support that BRI has a positive and significant impact on trade Integration among China and South Asia. The significance level of P-value falls below 1%. For data analysis, several databases have been utilized likewise, UN-Comtrade, World Bank, World Integrated Trade Solution (WITS), etc. Data analysis part has done with the application of Stata.

KEYWORDS

Belt and Road Initiative (BRI), China, South Asia, Gravity Model Equation, Trade Integration

REFERENCES

1) Anderson, J. E., (2003). Gravity and Gravitas: A solution to the Border Puzzle. American Economic Review, Vol. 93, No 1, pp.170-192

2) Bacchetta et al. (2016). A Practical Guide to Trade Policy Analysis. World Trade Organization

3) Kumar, A., (2006). China-Pakistan Economic Relation. Institute of Peace and Conflict Studies, special report New Delhi. P. 30.

4) Biliang, Hu, Liu, Qingjie & Yan, Jiao, (2017). Promoting the Belt and Road Initiative by Strengthening ‘5+1’ Cooperation. Chinas New Sources of Economic Growth: Human Capital, Innovation and Technological Change, Retrieved from https://www.jstor.org/stable/ pdf/j.ctt1trkk3v.25.pdf?refreqid=excelsior%3A3203b04fc62cd80ccb7bc0b908d1b009

5) Chung, Chein-peng, (2018). What are the strategic and economic implications for South Asia of China's Maritime Silk Road initiative?. The Pacific Review, Routledge, 10.1080/09512748.2017.1375000

6) Herrero, Alicia Garcia & Xu, Jianwei, (2016). China’s belt and Road initiative: can Europe expect trade gains?. Working Paper, bruegel, Issue 5

7) Kynge, J., (2016). China’s Ambition for Russia show through in Silk Road lending. Financial times.

8) Kohli, Harinder, (2018). Looking at China’s Belt and Road Initiative from the Central Asian Perspective. Global Journal of Emerging Market Economies, Retrieved from, https://doi.org/10.1177/0974910117747760

9) Ma, Jialiang, (2017). One Belt One Road (OBOR) initiative in central Asia: The study of OBOR on China and Central Asia International trade. Transformation in Business and Economics, ISSN 1648-4460, Vol. 16, No. 3

10) Malik, Ishfaq & Rather, Ajaz, (2015). China’s Trade intensity with South Asian Countries. Journal of Economics and International Finance, Vol. 10(4), pp. 30-42, April 2015, DOI: 10.5897/JEIF2015.0682

11) The Belt and Road Initiative: HKTDC research, Retrieved from http://china-trade-research.hktdc.com/

12) Roy, C., & Chakraborty D., (2000). Location of comparative advantage in India and Bangladesh, J. Appl. Input-Output Anal. 6:17-35.

13) World Integrated Trade Solution (2019), Retrieved from https://wits.worldbank.org/ CountryProfile/en/Country/SAS/Year/LTST/TradeFlow/Export/Partner/all/

14) Wouters, J., (2009). Private standards, global governance and International trade: The case of global food safety governance. Leuvan Centre for Global Governance Studies, Vol. 1, pp.216-227

15) Yang, Shanping & Martinez-Zarzoso, (2014). A Panel data Analysis of trade diversion and trade creation effect: The case of ASEAN-China Free Trade Area. China Economic Review, Vol. 29, June, pp. 138-151

VOLUME 04 ISSUE 01 JANUARY 2021

Latest Article and Current Issue

COMPETENCY OF OVERSEAS STUDENT IN OVERCOMING THE CULTURE SHOCK AMONG INDONESIAN STUDENTS

By 1Rahmadya Putra Nugraha, 2Nor Fauziana Ibrahim,3 Tai Hen Toong

Indexed In

Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar