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The Evolution of the Belt and Road Trade Network and Its Determinant Factors

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  • Zhaohui Chong
  • Chenglin Qin
  • Su Pan

Abstract

This study reveals the evolution of the Belt and Road trade network, and discusses the determinant factors of trade relationships by employing network analysis methods. Using 65 countries’ trade flow data in 2012, 2014, and 2016, the network indices show that the Belt and Road initiative has improved trade network’s connectivity significantly. The results of blockmodels show that the trade network can be partitioned into four blocks, including “Dominators,” “Brokers,” “Generators,” and “Receivers.” Furthermore, the spatial proximity, cultural differences, trade agreements, economic distance, and trade facilitations have significant impacts on the formation of trade network according to the QAP model.

Suggested Citation

  • Zhaohui Chong & Chenglin Qin & Su Pan, 2019. "The Evolution of the Belt and Road Trade Network and Its Determinant Factors," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(14), pages 3166-3177, November.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:14:p:3166-3177
    DOI: 10.1080/1540496X.2018.1513836
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    Citations

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    Cited by:

    1. Yue Fu & Long Xue & Yixin Yan & Yao Pan & Xiaofang Wu & Ying Shao, 2021. "Energy Network Embodied in Trade along the Belt and Road: Spatiotemporal Evolution and Influencing Factors," Sustainability, MDPI, vol. 13(19), pages 1-29, September.
    2. 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.
    3. Lianyue Feng & Helian Xu & Gang Wu & Wenting Zhang, 2021. "Service trade network structure and its determinants in the Belt and Road based on the temporal exponential random graph model," Pacific Economic Review, Wiley Blackwell, vol. 26(5), pages 617-650, December.
    4. Sidong Zhao & Yiran Yan & Jing Han, 2021. "Industrial Land Change in Chinese Silk Road Cities and Its Influence on Environments," Land, MDPI, vol. 10(8), pages 1-30, July.
    5. Sha Fan, 2023. "Does the Belt and Road Initiative Promote Bilateral Trade? An Empirical Analysis of China and the Belt and Road Countries," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(2), pages 190-214, May.
    6. Zhao, Guimei & Li, Wenxiu & Geng, Yong & Bleischwitz, Raimund, 2023. "Uncovering the features of global antimony resource trade network," Resources Policy, Elsevier, vol. 85(PA).
    7. Bai, Xiao & Hu, Xiaoqian & Wang, Chao & Lim, Ming K. & Vilela, André L.M. & Ghadimi, Pezhman & Yao, Cuiyou & Stanley, H. Eugene & Xu, Huji, 2022. "Most influential countries in the international medical device trade: Network-based analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 604(C).
    8. Wei Hu & Yuejing Ge & Zhiding Hu & Na Li & Li Ye & Ziran Jiang & Yun Deng & Shufang Wang & Yue Shan, 2022. "Features of Geo-Economic Network between China and Countries along the 21st Century Maritime Silk Road," Sustainability, MDPI, vol. 14(18), pages 1-22, September.

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