Exposure of Belt and Road Economies to China Trade Shocks

The Belt and Road Initiative seeks to deepen China's international integration by improving infrastructure and strengthening trade and investment linkages with countries along the old Silk Road, thereby linking it to Europe. This paper uses de...

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Main Author:	Bastos, Paulo
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	TRANSPORT INFRASTRUCTURE TRADE SHOCKS EXPORTS TRADE ADJUSTMENT COSTS
Online Access:	http://documents.worldbank.org/curated/en/444691530324394149/Exposure-of-belt-and-road-economies-to-china-trade-shocks http://hdl.handle.net/10986/29976

id	okr-10986-29976
recordtype	oai_dc
spelling	okr-10986-299762021-06-13T09:02:07Z Exposure of Belt and Road Economies to China Trade Shocks Bastos, Paulo TRANSPORT INFRASTRUCTURE TRADE SHOCKS EXPORTS TRADE ADJUSTMENT COSTS The Belt and Road Initiative seeks to deepen China's international integration by improving infrastructure and strengthening trade and investment linkages with countries along the old Silk Road, thereby linking it to Europe. This paper uses detailed bilateral trade data for 1995-2015 to assess the degree of exposure of Belt and Road economies to China trade shocks. The econometric results reveal that China's trade growth significantly affected the exports of Belt and Road economies. Between 1995 and 2015, the magnitude of China's demand shocks was larger than that of its competition shocks. However, competition shocks became more important in recent years, and were highly heterogeneous across countries and industries. Building on these findings, the paper documents the current degree of exposure of Belt and Road economies to China trade shocks, and discusses policy options to deal with trade-induced adjustment costs. 2018-07-13T19:30:36Z 2018-07-13T19:30:36Z 2018-06 Working Paper http://documents.worldbank.org/curated/en/444691530324394149/Exposure-of-belt-and-road-economies-to-china-trade-shocks http://hdl.handle.net/10986/29976 English Policy Research Working Paper;No. 8503 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific Central Asia East Asia South Asia Southeast Asia China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TRANSPORT INFRASTRUCTURE TRADE SHOCKS EXPORTS TRADE ADJUSTMENT COSTS
spellingShingle	TRANSPORT INFRASTRUCTURE TRADE SHOCKS EXPORTS TRADE ADJUSTMENT COSTS Bastos, Paulo Exposure of Belt and Road Economies to China Trade Shocks
geographic_facet	East Asia and Pacific Central Asia East Asia South Asia Southeast Asia China
relation	Policy Research Working Paper;No. 8503
description	The Belt and Road Initiative seeks to deepen China's international integration by improving infrastructure and strengthening trade and investment linkages with countries along the old Silk Road, thereby linking it to Europe. This paper uses detailed bilateral trade data for 1995-2015 to assess the degree of exposure of Belt and Road economies to China trade shocks. The econometric results reveal that China's trade growth significantly affected the exports of Belt and Road economies. Between 1995 and 2015, the magnitude of China's demand shocks was larger than that of its competition shocks. However, competition shocks became more important in recent years, and were highly heterogeneous across countries and industries. Building on these findings, the paper documents the current degree of exposure of Belt and Road economies to China trade shocks, and discusses policy options to deal with trade-induced adjustment costs.
format	Working Paper
author	Bastos, Paulo
author_facet	Bastos, Paulo
author_sort	Bastos, Paulo
title	Exposure of Belt and Road Economies to China Trade Shocks
title_short	Exposure of Belt and Road Economies to China Trade Shocks
title_full	Exposure of Belt and Road Economies to China Trade Shocks
title_fullStr	Exposure of Belt and Road Economies to China Trade Shocks
title_full_unstemmed	Exposure of Belt and Road Economies to China Trade Shocks
title_sort	exposure of belt and road economies to china trade shocks
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/444691530324394149/Exposure-of-belt-and-road-economies-to-china-trade-shocks http://hdl.handle.net/10986/29976
_version_	1764470964292157440

Exposure of Belt and Road Economies to China Trade Shocks

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