Impacts of Infrastructure on One Country’s Trade— An Analysis based on the “new Eurasian Continental Bridge Economic Corridor” along the “One Belt One Road”

Abstract

In nowadays context of global economic integration, China has proposed the “One Belt One Road” Strategy in 2014, which fits into the new changes in global economy and finds us a new growth in economy development. This article has selected the panel data of 23 countries along the “new Eurasian Continental Bridge Economic Corridor” in 2002-2016 and analyzed the influences of one country’s economic infrastructure and social infrastructure upon its national trades using the fixed effect model. The research result shows that the construction of energy infrastructure may produce less obvious negative effects on one country’s national trade while the influences of the railway and aviation infrastructure will be varied because of the different natural endowments of the country. And one country’s trade will increase as construction of communication infrastructure develops. For social infrastructure, the effects upon one country’s trade are not obvious from education infrastructure construction, scientific research infrastructure construction, medical infrastructure construction and environmental infrastructure construction.