IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i12p9527-d1170509.html
   My bibliography  Save this article

Research on the Policy Effects and Impact Mechanisms of the Belt and Road Initiative on China’s Forest Products Trade

Author

Listed:
  • Tianbo Wu

    (College of Economics and Management, Nanning Normal University, Nanning 530299, China)

  • Dan Zhou

    (College of Economics and Management, Northeast Forestry University, Harbin 150040, China)

  • Hao Cheng

    (College of Economics and Management, Nanning Normal University, Nanning 530299, China)

  • Keqiu Zhang

    (College of Geographical Sciences, Southwest University, Chongqing 400715, China)

  • Yihao Jiang

    (College of Geographical Sciences, Southwest University, Chongqing 400715, China)

Abstract

The Belt and Road Initiative, as an important measure for China in terms of opening up and participating in international economic and trade cooperation, has become a new driving force for the sustainable development of China’s forest products trade. This paper takes the Belt and Road Initiative as a policy event and evaluates its policy effects on the development of China’s forest products trade from the causal level through the difference-in-differences model (DID), explores the policy effect in detail from the perspectives of product heterogeneity and regional heterogeneity, and clarifies the specific impact mechanism. The main results are as follows: (1) there is a significant policy promotion effect of the Belt and Road Initiative on the growth of the bilateral trade scale of forest products between China and the countries along the route. (2) In terms of product structure, the policy promotion effect of the Belt and Road Initiative is mainly manifested in processed wood products. (3) In terms of regional distribution, the policy promotion effects of the Belt and Road Initiative are mainly concentrated in Europe, Africa, and Asia. (4) The “logistics performance, political partnership with China, and Internet penetration” of trading countries play a significant positive mediating role in the policy effects of the Belt and Road Initiative. Therefore, in view of the significant role of the Belt and Road Initiative in promoting the development of bilateral forest products trade, China should promote more countries to participate in the joint construction of the Belt and Road and tap new momentum for the development of the forest products trade by focusing on key countries, priority areas, and key products.

Suggested Citation

  • Tianbo Wu & Dan Zhou & Hao Cheng & Keqiu Zhang & Yihao Jiang, 2023. "Research on the Policy Effects and Impact Mechanisms of the Belt and Road Initiative on China’s Forest Products Trade," Sustainability, MDPI, vol. 15(12), pages 1-17, June.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:12:p:9527-:d:1170509
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/12/9527/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/12/9527/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kong, Qunxi & Chen, Afei & Shen, Chenrong & Wong, Zoey, 2021. "Has the Belt and Road Initiative improved the quality of economic growth in China's cities?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 870-883.
    2. Magdalena Wójcik-Jurkiewicz & Marzena Czarnecka & Grzegorz Kinelski & Beata Sadowska & Katarzyna Bilińska-Reformat, 2021. "Determinants of Decarbonisation in the Transformation of the Energy Sector: The Case of Poland," Energies, MDPI, vol. 14(5), pages 1-22, February.
    3. Jiyong Chen & Dabo Chen & Aiping Yao, 2020. "Trade development between China and countries along the Belt and Road: A spatial econometric analysis based on trade competitiveness and complementarity," Pacific Economic Review, Wiley Blackwell, vol. 25(2), pages 205-227, May.
    4. Jan P. Voon & Xinpeng Xu, 2020. "Impact of the Belt and Road Initiative on China’s soft power: preliminary evidence," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 27(1), pages 120-131, January.
    5. Filip Beule & Haiyan Zhang, 2022. "The impact of government policy on Chinese investment locations: An analysis of the Belt and Road policy announcement, host-country agreement, and sentiment," Journal of International Business Policy, Palgrave Macmillan, vol. 5(2), pages 194-217, June.
    6. Ma, Shengnan, 2022. "Growth effects of economic integration: New evidence from the Belt and Road Initiative," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 753-767.
    7. de Soyres, François & Mulabdic, Alen & Murray, Siobhan & Rocha, Nadia & Ruta, Michele, 2019. "How much will the Belt and Road Initiative reduce trade costs?," International Economics, Elsevier, vol. 159(C), pages 151-164.
    8. Yu, Linhui & Zhao, Dan & Niu, Haixia & Lu, Futao, 2020. "Does the belt and road initiative expand China's export potential to countries along the belt and road?," China Economic Review, Elsevier, vol. 60(C).
    9. Xueying Huang & Yuanjun Han & Xuhong Gong & Xiangyan Liu, 2020. "Does the belt and road initiative stimulate China’s inbound tourist market? An empirical study using the gravity model with a DID method," Tourism Economics, , vol. 26(2), pages 299-323, March.
    10. Li, Jiatao & Liu, Bin & Qian, Gongming, 2019. "The belt and road initiative, cultural friction and ethnicity: Their effects on the export performance of SMEs in China," Journal of World Business, Elsevier, vol. 54(4), pages 350-359.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Hui & Si, Ieongcheng & Chen, Zhihua, 2024. "Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 63-83.
    2. Jiatao Li & Ari Van Assche & Xiaolan Fu & Lee Li & Gongming Qian, 2022. "The Belt and Road Initiative and international business policy: A kaleidoscopic perspective," Journal of International Business Policy, Palgrave Macmillan, vol. 5(2), pages 135-151, June.
    3. Jingtao Yi & Yuxin Wang & Da Teng, 2024. "The Belt and Road Initiative: Industry Competition and Corporate Environmental Information Disclosure in China," Sustainability, MDPI, vol. 16(20), pages 1-21, October.
    4. Chunjiao Yu & Ren Zhang & Lian An & Zhixing Yu, 2020. "Has China’s Belt and Road Initiative Intensified Bilateral Trade Links between China and the Involved Countries?," Sustainability, MDPI, vol. 12(17), pages 1-19, August.
    5. Yang, Yiwen & Lin, Chinho, 2021. "Impact of the “Belt and Road Initiative” on machinery production networks," Economic Modelling, Elsevier, vol. 104(C).
    6. Jiang, Qichuan & Ma, Xuejiao & Wang, Yun, 2021. "How does the one belt one road initiative affect the green economic growth?," Energy Economics, Elsevier, vol. 101(C).
    7. Maoguo Wu & Xierui Han, 2022. "Influence of Economic Openness on Total Factor Productivity: Evidence from China’s Belt and Road Initiative," Sustainability, MDPI, vol. 14(20), pages 1-24, October.
    8. Lu, Shuai & Chen, Ning & Zhou, Wei & Li, Shouwei, 2024. "Impact of the belt and road initiative on trade status and FDI attraction: A local and global network perspective," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1468-1495.
    9. Xuejun Wang & Rongrong Cui & Xi Tian & Jiarong Qian, 2023. "The Belt and Road initiative and food consumption in countries along the route," Agribusiness, John Wiley & Sons, Ltd., vol. 39(S1), pages 1624-1646, December.
    10. Xianjing Wang & Shouming Chen & Yueqi Wang, 2023. "The Impact of Corporate Social Responsibility on Speed of OFDI under the Belt and Road Initiative," Sustainability, MDPI, vol. 15(11), pages 1-16, May.
    11. Qian, Xinbei & Huang, Liangxiong & Wang, Xianbin & Wang, Shuqi, 2022. "Detecting pivotal countries of China's OFDI in the “Belt and Road” initiative: The perspective of similarity of doing business," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 296-311.
    12. Nugent, Jeffrey B. & Lu, Jiaxuan, 2021. "China's outward foreign direct investment in the Belt and Road Initiative: What are the motives for Chinese firms to invest?," China Economic Review, Elsevier, vol. 68(C).
    13. Jiaman Li & Xiucheng Dong & Qingzhe Jiang & Kangyin Dong, 2021. "Analytical Approach to Quantitative Country Risk Assessment for the Belt and Road Initiative," Sustainability, MDPI, vol. 13(1), pages 1-18, January.
    14. Weiwei Xiao & Qihang Xue & Xing Yi, 2023. "Does the Belt and Road Initiative promote international innovation cooperation?," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-12, December.
    15. Li Yuanyuan, 2023. "Impacts of the Belt and Road Initiative on regional outward FDI from China based on evidence from 2000 to 2015," ZFW – Advances in Economic Geography, De Gruyter, vol. 67(1), pages 20-32, May.
    16. Adam Dominiak & Artur Rusowicz, 2022. "Change of Fossil-Fuel-Related Carbon Productivity Index of the Main Manufacturing Sectors in Poland," Energies, MDPI, vol. 15(19), pages 1-14, September.
    17. Chen, Maggie Xiaoyang & Lin, Chuanhao, 2020. "Geographic connectivity and cross-border investment: The Belts, Roads and Skies," Journal of Development Economics, Elsevier, vol. 146(C).
    18. Ye, Silin & Zhou, Jing & Jiang, Yunwen & Liu, Xiaming, 2023. "Managers as the bridge: How cultural friction influences the integration of cross-border mergers and acquisitions," International Business Review, Elsevier, vol. 32(4).
    19. Damoah, Kaku Attah & Giovannetti, Giorgia & Marvasi, Enrico, 2022. "Do country centrality and similarity to China matter in the allocation of belt and road projects?," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 660-674.
    20. de Soyres, François & Mulabdic, Alen & Ruta, Michele, 2020. "Common transport infrastructure: A quantitative model and estimates from the Belt and Road Initiative," Journal of Development Economics, Elsevier, vol. 143(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:12:p:9527-:d:1170509. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.