IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i8p6671-d1123960.html
   My bibliography  Save this article

Analysis on Trade Competition and Complementarity of High-Quality Agricultural Products in Countries along the Belt and Road Initiative

Author

Listed:
  • Xiao Wang

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Jinming Shi

    (School of Economics, Shandong Normal University, Jinan 250014, China)

  • Jia Li

    (School of Economics, Shandong Normal University, Jinan 250014, China)

  • Yu Chen

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Jianxu Liu

    (School of Economics, Shandong University of Finance and Economics, Jinan 250014, China)

  • Songsak Sriboonchitta

    (Faculty of Economics, Chiang Mai University, Chiang Mai 50200, Thailand)

Abstract

The Belt and Road Initiative was proposed by China in 2013 as a response to sluggish global economic growth. With most countries along the Belt and Road being developing countries, it is crucial to strengthen trade cooperation in agricultural products. However, the current literature lacks an analysis of the competitiveness and complementarity of agricultural products in these countries. This study aims to fill this gap by showing that the Belt and Road Initiative has reduced agricultural export competitiveness and increased agricultural trade complementarity. Several factors influence the similarity and complementarity of agricultural exports in participating countries along the Belt and Road, including geographical distance, level of economic development, free trade agreements, degree of country openness, exchange rates, cultural differences, share of agricultural value added, and level of infrastructure. The detailed analysis shows that the Belt and Road Initiative has significantly improved the quality of the agricultural exports of participating countries. The results of this paper provide a theoretical basis for the high-quality development of agricultural products in participating countries along the Belt and Road.

Suggested Citation

  • Xiao Wang & Jinming Shi & Jia Li & Yu Chen & Jianxu Liu & Songsak Sriboonchitta, 2023. "Analysis on Trade Competition and Complementarity of High-Quality Agricultural Products in Countries along the Belt and Road Initiative," Sustainability, MDPI, vol. 15(8), pages 1-34, April.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:8:p:6671-:d:1123960
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/8/6671/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/8/6671/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jane Korinek & Patricia Sourdin, 2010. "Clarifying Trade Costs: Maritime Transport and Its Effect on Agricultural Trade," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 32(3), pages 417-435.
    2. Dave Donaldson, 2018. "Railroads of the Raj: Estimating the Impact of Transportation Infrastructure," American Economic Review, American Economic Association, vol. 108(4-5), pages 899-934, April.
    3. Christian Broda & David E. Weinstein, 2006. "Globalization and the Gains From Variety," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 541-585.
    4. Portugal-Perez, Alberto & Wilson, John S., 2012. "Export Performance and Trade Facilitation Reform: Hard and Soft Infrastructure," World Development, Elsevier, vol. 40(7), pages 1295-1307.
    5. repec:bla:ecorec:v:47:y:1971:i:120:p:494-517 is not listed on IDEAS
    6. Jacobson, Louis S & LaLonde, Robert J & Sullivan, Daniel G, 1993. "Earnings Losses of Displaced Workers," American Economic Review, American Economic Association, vol. 83(4), pages 685-709, September.
    7. Louis S. Jacobson & Robert J. LaLonde & Daniel G. Sullivan, 1993. "Long-term earnings losses of high-seniority displaced workers," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 17(Nov), pages 2-20.
    8. Mirko Draca & Stephen Machin & John Van Reenen, 2011. "Minimum Wages and Firm Profitability," American Economic Journal: Applied Economics, American Economic Association, vol. 3(1), pages 129-151, January.
    9. Kandilov, Ivan T., 2008. "“AJAE appendix for “The Effects of Exchange Rate Volatility on Agricultural Trade”," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 90(4), pages 1-5, March.
    10. Finger, J M & Kreinin, M E, 1979. "A Measure of 'Export Similarity' and Its Possible Uses," Economic Journal, Royal Economic Society, vol. 89(356), pages 905-912, December.
    11. Bouët, Antoine & Cosnard, Lionel & Laborde, David, 2017. "Measuring Trade Integration in Africa," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 32(4), pages 937-977.
    12. Narayan, Seema & Bhattacharya, Poulomi, 2019. "Relative export competitiveness of agricultural commodities and its determinants: Some evidence from India," World Development, Elsevier, vol. 117(C), pages 29-47.
    13. Thorsten Beck & Ross Levine & Alexey Levkov, 2010. "Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States," Journal of Finance, American Finance Association, vol. 65(5), pages 1637-1667, October.
    14. Johnson, D. Gale, 1993. "Role of agriculture in economic development revisited," Agricultural Economics, Blackwell, vol. 8(4), pages 421-434, June.
    15. Amit K. Khandelwal & Peter K. Schott & Shang-Jin Wei, 2013. "Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters," American Economic Review, American Economic Association, vol. 103(6), pages 2169-2195, October.
    16. Ana I. Sanjuán‐López & P. J. Dawson, 2010. "Agricultural Exports and Economic Growth in Developing Countries: A Panel Cointegration Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(3), pages 565-583, September.
    17. Janeba, Eckhard, 2007. "International trade and consumption network externalities," European Economic Review, Elsevier, vol. 51(4), pages 781-803, May.
    18. Martin, Julien & Mejean, Isabelle, 2014. "Low-wage country competition and the quality content of high-wage country exports," Journal of International Economics, Elsevier, vol. 93(1), pages 140-152.
    19. Li, Pei & Lu, Yi & Wang, Jin, 2016. "Does flattening government improve economic performance? Evidence from China," Journal of Development Economics, Elsevier, vol. 123(C), pages 18-37.
    20. Zhiheng Wu & Guisheng Hou & Baogui Xin, 2020. "Has the Belt and Road Initiative Brought New Opportunities to Countries Along the Routes to Participate in Global Value Chains?," SAGE Open, , vol. 10(1), pages 21582440209, January.
    21. H. G. Grubel & P. J. Lloyd, 1971. "The Empirical Measurement of Intra‐Industry Trade," The Economic Record, The Economic Society of Australia, vol. 47(4), pages 494-517, December.
    22. Shamdasani, Yogita, 2021. "Rural road infrastructure & agricultural production: Evidence from India," Journal of Development Economics, Elsevier, vol. 152(C).
    23. Canzoneri, Matthew B. & Cumby, Robert E. & Diba, Behzad T., 2005. "The need for international policy coordination: what's old, what's new, what's yet to come?," Journal of International Economics, Elsevier, vol. 66(2), pages 363-384, July.
    24. Ivan T. Kandilov, 2008. "The Effects of Exchange Rate Volatility on Agricultural Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(4), pages 1028-1043.
    25. James B. Ang, 2019. "Agricultural legacy and individualistic culture," Journal of Economic Growth, Springer, vol. 24(4), pages 397-425, December.
    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. Sun, Chuanwang & Zhan, Yanhong & Du, Gang, 2020. "Can value-added tax incentives of new energy industry increase firm's profitability? Evidence from financial data of China's listed companies," Energy Economics, Elsevier, vol. 86(C).
    2. Guo, Qingbin & Zhong, Jinrong, 2022. "The effect of urban innovation performance of smart city construction policies: Evaluate by using a multiple period difference-in-differences model," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    3. Hongsheng Fang & Xufei Zhang & Lin Guo, 2023. "Productivity effects of corporate income tax: Evidence from China," The World Economy, Wiley Blackwell, vol. 46(6), pages 1815-1842, June.
    4. Cailou Jiang & Rong Liu & Jie Han, 2023. "Does accountability audit of natural resource promote corporate environmental performance? An external supervision perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9417-9438, September.
    5. Laiqun Jin & Xiuyan Liu & Sam Hak Kan Tang, 2021. "High-Technology Zones, Misallocation of Resources among Cities and Aggregate Productivity: Evidence from China," Economics Discussion / Working Papers 21-11, The University of Western Australia, Department of Economics.
    6. Guorong Chen & Changyan Liu, 2023. "Can Low–Carbon City Development Stimulate Population Growth? Insights from China’s Low–Carbon Pilot Program," Sustainability, MDPI, vol. 15(20), pages 1-22, October.
    7. Wang, Yunmin & Cao, Guohua & Yan, Youliang & Wang, Jingjing, 2022. "Does high-speed rail stimulate cross-city technological innovation collaboration? Evidence from China," Transport Policy, Elsevier, vol. 116(C), pages 119-131.
    8. Jingan Chen & Chengdong Yi & Yourong Wang & Tianyu Bi, 2022. "Do Honored Cities Achieve a Sustainable Development? A Quasi-Natural Experimental Study Based on “National Civilized City” Campaign in China," Sustainability, MDPI, vol. 14(24), pages 1-18, December.
    9. Rui Ding & Fangcheng Sun, 2023. "Impact of River Chief System on Green Technology Innovation: Empirical Evidence from the Yangtze River Economic Belt," Sustainability, MDPI, vol. 15(8), pages 1-22, April.
    10. Ling-Yun He & Xiao-Feng Qi, 2021. "Environmental Courts, Environment and Employment: Evidence from China," Sustainability, MDPI, vol. 13(11), pages 1-16, June.
    11. Zhang, Yali & Li, Wenqi & Wu, Feng, 2020. "Does energy transition improve air quality? Evidence derived from China’s Winter Clean Heating Pilot (WCHP) project," Energy, Elsevier, vol. 206(C).
    12. Kang Pan & Rong Liu & Xiaowei Chen & Ying Huang, 2023. "How Does Industrial Agglomeration Affect Exports? Evidence from Chinese Province-Industry Panel Data," Sustainability, MDPI, vol. 15(13), pages 1-18, June.
    13. Davidson, Carl & Heyman, Fredrik & Matusz, Steven & Sjöholm, Fredrik & Zhu, Susan Chun, 2020. "Globalization, the jobs ladder and economic mobility," European Economic Review, Elsevier, vol. 127(C).
    14. Julien Burton & Magdalena Kizior, 2021. "Can We Evaluate the Non-Price Competitiveness of French Products Based on Export Data?," European Economy - Economic Briefs 064, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    15. Zhao, Renjie & Zhang, Jiakai, 2022. "Rent-tax substitution and its impact on firms: Evidence from housing purchase limits policy in China," Regional Science and Urban Economics, Elsevier, vol. 96(C).
    16. Cai, Guowei & Zhang, Xuejiao & Yang, Hao, 2022. "Fiscal stress and the formation of zombie firms: Evidence from China," China Economic Review, Elsevier, vol. 71(C).
    17. Sun, Yajie & Liao, Wen-Chi, 2021. "Resource-Exhausted City Transition to continue industrial development," China Economic Review, Elsevier, vol. 67(C).
    18. Li, Bo & Han, Yukai & Wang, Chensheng & Sun, Wei, 2022. "Did civilized city policy improve energy efficiency of resource-based cities? Prefecture-level evidence from China," Energy Policy, Elsevier, vol. 167(C).
    19. Yi Luo & Zhiwei Tang & Peiqi Fan, 2021. "Could Government Data Openness Enhance Urban Innovation Capability? An Evaluation Based on Multistage DID Method," Sustainability, MDPI, vol. 13(23), pages 1-16, December.
    20. Yi Li & Lili Ding & Yongliang Yang, 2020. "Can the Introduction of an Environmental Target Assessment Policy Improve the TFP of Textile Enterprises? A Quasi-Natural Experiment Based on the Huai River Basin in China," Sustainability, MDPI, vol. 12(4), pages 1-19, February.

    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:8:p:6671-:d:1123960. 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.