Abstract
This paper discusses the impact of transport infrastructure on trades in the Chinese provinces directly affecting by “One Belt, One Road” initiative. That is why infrastructure is of significance in “One Belt, One Road” initiative and one of important purpose for initiative is to promote the unimpeded trade in China. In this paper, authors analyzed the impact of railways and highways which are the key elements of transport infrastructure on total value of exports and imports in the Chinese inland provinces directly affecting by “One Belt, One Road” and correlations between individual elements of transport infrastructure based on data from National Bureau of Statistics of China and from some articles related to “One Belt, One Road” and correlation and regression analysis methods. The conclusion is that railways, highways, and port have strong correlation with Gross Regional Products, and effects of elements of transport infrastructure are different among inland provinces affected by “One Belt, One Road” and this needs rational management of transport infrastructure in promoting trade according to provinces.
Highlights
Authors analyzed the impact of railways and highways which are the key elements of transport infrastructure on total value of exports and imports in the Chinese inland provinces directly affecting by “One Belt, One Road” and correlations between individual elements of transport infrastructure based on data from National Bureau of Statistics of China and from some articles related to “One Belt, One Road” and correlation and regression analysis methods
The conclusion is that railways, highways, and port have strong correlation with Gross Regional Products, and effects of elements of transport infrastructure are different among inland provinces affected by “One Belt, One Road” and this needs rational management of transport infrastructure in promoting trade according to provinces
This study aims to analyze and forecast the influences of individual Transport Infrastructure (TI) elements such as railways and highways on Total Value of Exports and Imports (TVEI) in the Chinese inland provinces directly affecting by OBOR, and to help in rational management related to infrastructural investment under execution of OBOR initiative
Summary
The key element in OBOR initiative is the infrastructural connectivity, and transport infrastructure such as railways, roads, ports, and airports will be a particular focus in inland provinces [2] These infrastructural elements will stimulate the economic growth in China and affect the majority of the Chinese provinces. In his/her study, Ylander [4] discussed various variables representing the impact of OBOR, and analyzed their effects on GRP (Gross Regional Products) in the Chinese provinces directly affected by OBOR. The variables such as labor productivity, unemployment rate, and exports included in his/her study are all related to infrastructure.
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