A Study of the Influence of Road Connectivity Level on Bilateral Trade—Take China and the Countries along the

doi:10.16716/j.cnki.65-1030/f.2020.03.007

Abstract

Abstract: As the core content of the "Belt and Road" initiative, the construction of facility and trade connectivity is particularly important. Road connectivity is the foundation of facility connectivity. By using factor analysis, this paper establishes an evaluation index system to measure the level of road connectivity of countries along the "Silk Road Economic Belt". On this basis, taking India, the Russian Federation, Kazakhstan, and Pakistan as examples, this paper analyzes the level of road connectivity based on the VAR model. The influence of bilateral trade shows that the level of road connectivity in India, Kazakhstan and Pakistan has a greater positive effect on bilateral trade, while the level of road connectivity in the Russian Federation does not show a positive external effect. With the accelerated advancement of the "Belt and Road" initiative, the level of road connectivity in countries along the "Silk Road Economic Belt" can be improved by strengthening transportation infrastructure technology cooperation and talents cooperation, and promoting the intelligent development of transportation infrastructure. And then expanding the scale of bilateral trade.

Key words: the "Belt and Road" Initiative, Silk Road Economy, Silk Road Economic Belt, Road Connectivity, Bilateral Trade, VAR Model

CLC Number:

F283
F752

Wang Xia, Liu Tian. A Study of the Influence of Road Connectivity Level on Bilateral Trade—Take China and the Countries along the "Silk Road Economic Belt"As an Example[J]. Finance & Economics of Xinjiang, 2020, (3): 73-80.

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A Study of the Influence of Road Connectivity Level on Bilateral Trade—Take China and the Countries along the "Silk Road Economic Belt"As an Example

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