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How Does Infrastructure Construction Affect Economic Development along the “Belt and Road”: By Promoting Growth or Improving Distribution?

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  • Guangning Tian
  • Juncheng Li

Abstract

The “Belt and Road Initiative” has involved deepening infrastructure construction along the “Belt and Road”. Using data from countries who have joined the “Belt and Road”, this study examines how infrastructure construction has affected economic development along the route. Findings show that infrastructure construction can promote economic growth and per capita output growth while improving income distribution of residents along the “Belt and Road”. Results also indicate that the effect of infrastructure construction on economic development is heterogeneous; such construction can substantially increase economic growth in developing countries but has no significant effect on economic growth in developed and emerging developing countries. Infrastructure construction can greatly improve residents’ income distribution in developed and developing countries but has no significant effect on residents in emerging developing countries. Collectively, these findings identify foreign direct investment and urbanization as important channels through which infrastructure construction can influence economic development.

Suggested Citation

  • Guangning Tian & Juncheng Li, 2019. "How Does Infrastructure Construction Affect Economic Development along the “Belt and Road”: By Promoting Growth or Improving Distribution?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(14), pages 3332-3348, November.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:14:p:3332-3348
    DOI: 10.1080/1540496X.2019.1607725
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    Cited by:

    1. Min Zhao & Qing Chen & Debao Dai & Yaodong Fan & Jiaping Xie, 2024. "The Spillover Effect of Foreign Direct Investment on China’s High-Tech Industry Based on Interprovincial Panel Data," Sustainability, MDPI, vol. 16(4), pages 1-18, February.
    2. Alves, Ana Cristina & Gong, Xue & Li, Mingjiang, 2023. "The BRI: A new development cooperation paradigm in the making? Unpacking China’s infrastructure cooperation along the Maritime Silk Road," World Development, Elsevier, vol. 169(C).
    3. Hannes Thees, 2020. "Towards Local Sustainability of Mega Infrastructure: Reviewing Research on the New Silk Road," Sustainability, MDPI, vol. 12(24), pages 1-35, December.
    4. Elisabete Nogueira & Sofia Gomes & João M. Lopes, 2022. "The Key to Sustainable Economic Development: A Triple Bottom Line Approach," Resources, MDPI, vol. 11(5), pages 1-18, May.
    5. Marek Piotrowski & Paweł Huras & Katarzyna Modrzejewska, 2021. "Determinants of the human capital redistribution. What pushes out and what pulls to the regions of Masovian Voivodship," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(2), pages 50-64, December.

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