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Analysis of the Evolution of the Status of ”The Belt and Road” in the World Trade Dependence Network

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  • Hua Zhang
  • Kexuan Han

Abstract

Examining the Interdependence in the international trade pattern from the perspective of linkage and development is conducive to grasping and optimizing “the Belt and Road” co-construction strategy from the overall and dynamic perspective.By constructing the trade dependence network of 183 countries and the multiple period difference-in-differences model, this paper analyzes the dynamic evolution law of the status along “the Belt and Road,” and finds that the world trade dependence network shows an orderly and multi-polar trend of change, and the trade status of “the Belt and Road” has gradually increased in recent years; The intra-regional compactness index of participating countries shows a more obvious stratification phenomenon and strong group attributes; The distribution of the core degree of the participating countries shows the obvious structural characteristics of “core-middle-edge;” The effective implementation of “the Belt and Road” Initiative is a significant reason for the increased dependence of participating countries. The above-mentioned research organically combines the practice of “the Belt and Road” construction with the changes in the world trade dependence network, and provides a possible theory and policy reference for more effectively promoting the construction of “the Belt and Road” from the perspective of relationship.

Suggested Citation

  • Hua Zhang & Kexuan Han, 2023. "Analysis of the Evolution of the Status of ”The Belt and Road” in the World Trade Dependence Network," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 59(5), pages 1300-1322, April.
    • Handle: RePEc:mes:emfitr:v:59:y:2023:i:5:p:1300-1322
    DOI: 10.1080/1540496X.2022.2136943
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