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Does the Belt and Road Initiative affect the business environment of participating countries?

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  • Yahui Chen
  • Charles van Marrewijk
  • Changsheng Xu
  • Congmin Zuo

Abstract

This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.

Suggested Citation

  • Yahui Chen & Charles van Marrewijk & Changsheng Xu & Congmin Zuo, 2022. "Does the Belt and Road Initiative affect the business environment of participating countries?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 27(3), pages 425-444, July.
    • Handle: RePEc:taf:rjapxx:v:27:y:2022:i:3:p:425-444
    DOI: 10.1080/13547860.2022.2082748
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    Cited by:

    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. Gao, Xin & Ye, Yunxia & Su, Wenxin & Chen, Linyan, 2023. "Assessing the comprehensive importance of power grid nodes based on DEA," International Journal of Critical Infrastructure Protection, Elsevier, vol. 42(C).

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