Abstract
Regional cooperation plays a pivotal role in driving both regional and global economic growth, and the Belt and Road Initiative (BRI) stands as a significant catalyst for the economic and social development of the countries and regions along its routes. Based on economic and social data spanning from 2011 to 2019 across 40 countries, this research employs the Analytic Hierarchy Process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) evaluation method to construct a Regional Economic and Social Development Index. Subsequently, employing a multi-period difference-in-differences model, the study meticulously examines the positive impact of the BRI on the development trajectory of relevant countries. Heterogeneity analysis reveals that the influence of the BRI is notably pronounced in developing nations, China's neighboring countries, and those along the Maritime Silk Road. Our research contributes significantly to elucidating the effects of regional cooperation on regional economic development, thus reinforcing the trajectory of economic globalization. Furthermore, we offer insightful policy recommendations for the future evolution of the Belt and Road Initiative.
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