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Exploring the role of the belt and road initiative in promoting sustainable and inclusive development

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  • Haiyang Zhu
  • Shiyu Chen
  • Muhammad Irfan
  • Mingjun Hu
  • Jin Hu

Abstract

Sustainable and inclusive development aims to achieve long‐term economic growth while ensuring environmental and social sustainability. This study investigates the significance of the Belt and Road Initiative (B&R) in promoting sustainable and inclusive development in Chinese provinces along its route, considering it a quasi‐natural experiment. To assess the effects, we construct an index system that captures critical dimensions of sustainable and inclusive development. The results reveal that the B&R has positively influenced sustainable and inclusive development in the Chinese provinces along the route. This impact is facilitated through transmission mechanisms such as technological innovation and upgrading industrial structures. However, variations exist between provinces along the Silk Road Economic Belt and those along the Maritime Silk Road, with the former experiencing more pronounced effects. These findings provide a valuable foundation for the government to leverage the B&R and develop comprehensive sustainable, and inclusive development strategies. Furthermore, this study offers insights into promoting high‐quality development in an open economy context.

Suggested Citation

  • Haiyang Zhu & Shiyu Chen & Muhammad Irfan & Mingjun Hu & Jin Hu, 2024. "Exploring the role of the belt and road initiative in promoting sustainable and inclusive development," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(1), pages 712-723, February.
    • Handle: RePEc:wly:sustdv:v:32:y:2024:i:1:p:712-723
    DOI: 10.1002/sd.2705
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    1. Qian Liu & Fujia Li & Suocheng Dong & Hao Cheng, 2024. "Research on the sustainable development mode of resource‐oriented regions on plateaus—A case study for Gannan Tibetan autonomous prefecture," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3581-3600, August.
    2. Muhammad Zubair Chishti & Arshian Sharif & Qi Xu & Gagan Deep Sharma, 2024. "Toward sustainable development: Revealing the dynamic impacts of the belt and road initiative on energy transition," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(6), pages 7069-7095, December.

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