Abstract
This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.
| Original language | English |
|---|---|
| Pages (from-to) | 425-444 |
| Number of pages | 20 |
| Journal | Journal of the Asia Pacific Economy |
| Volume | 27 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 23 Jun 2022 |
Bibliographical note
Funding Information:This research was supported by the National Social Science Fund of China, Major Program (Grant No.08&ZD037).
Publisher Copyright:
© 2022 Informa UK Limited, trading as Taylor & Francis Group.
Keywords
- Belt and Road Initiative
- business environment
- propensity score matching
- trade and investment
- difference-in-difference
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