China–Mongolia–Russia Economic Corridor: Opportunities and Challenges

Soni, Sharad K.

doi:10.1007/978-981-10-5972-8_9

Cited by 5 publications

(9 citation statements)

References 1 publication

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“…Mongolia is one of the first nations to have diplomatic relations with China. At present, ties between Mongolia and China have retained a good rate of growth and have achieved the highest stage in history [1,2]. Mongolia borders with China and Russia, though at the same time, playing a strategic role as an important center for balancing the influence of the different countries in maintaining the overall stability of Northeast Asia [1].…”

Section: Introductionmentioning

confidence: 99%

“…At present, ties between Mongolia and China have retained a good rate of growth and have achieved the highest stage in history [1,2]. Mongolia borders with China and Russia, though at the same time, playing a strategic role as an important center for balancing the influence of the different countries in maintaining the overall stability of Northeast Asia [1]. Mongolia has ample natural resources, together with its strategic location in Northeast Asia, and the study of Mongolia-China trade has very significant theoretical and functional significance [3].…”

Section: Introductionmentioning

confidence: 99%

“…Mongolia-China trade cooperation is of great strategic importance for China to establish new energy markets and to stabilize the economic growth of neighboring countries. While, there are great opportunities for commerce [1], cultural exchange [4], and economic improvements between these two countries. However, factors impacting the relationship between China and Mongolia have not been analyzed before.…”

Section: Introductionmentioning

confidence: 99%

“…Since China introduced the Belt and Road initiative, Mongolia has gained promising intention. A major agreement was reached between two sides, Silk Road Economic Belt [5] and the Steppe Silk Road, creating new economic and trade collaboration prospects between two countries, which are becoming strong, and representing a gradual transition from early frontier trade to sub-regional economic cooperation [1]. For Mongolia and China, further deepening and strengthening of regional economic cooperation has become an important strategic option.…”

Section: Introductionmentioning

confidence: 99%

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Empirical Analysis of Factors Affecting the Bilateral Trade between Mongolia and China

et al. 2021

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This study analyzes the factors influencing the bilateral trade between Mongolia and China using the trade gravity model, principle component analysis (PCA), unit root test, bound test, and the estimation of coefficients in a panel data set from 1996–2019. A total of 9 variables including exports, gross domestic product (GDP), population, geographical distance, cultural distance, trade agreements, tariffs, trade facilitation index of China and Mongolia-China trade cost were considered for all models. The results indicate that the cultural distance between Mongolia and China and the population of Mongolia are stationary at level. The coefficient of GDP (income) of both countries is positive and statistically significant with exports. Moreover, trade facilitation has significant positive impact on exports of both countries. These findings reveal that efforts in improving excellence of border administration, arrangements would make a positive contribution in trade of goods. Another major influencing factor is tariffs, which was negatively significant for exports, suggesting that if China imposes 1% tariffs on Mongolian exports, it will result in 24% decrease of Mongolian exports. The results of regression coefficients show that there is long run association between variables. This indicates that China adopted a more restrictive trade policy on the flow of goods from Mongolia with an increase population of China. The study suggests a free trade agreement and relaxation of export/import procedures for Mongolia in order to increase the GDP of Mongolia.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Empirical Analysis of Factors Affecting the Bilateral Trade between Mongolia and China

et al. 2021

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“…An economic corridor is a geographical area that brings together multilateral economic activities. The corridor factor is important in the relationship between the three countries, which has now been upgraded to a comprehensive strategic partnership [7]. With the development of transit transportation in the Western and Eastern regions, trade routes will help promote tourism and the development of the region.…”

Section: Introductionmentioning

confidence: 99%

The efficiency forecast of trilateral transit transportation of economic corridor

Gansukh

2018

Proc. Mong. Acad. Sci.

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The development basis of a country is human capital which follows the transportation and infrastructure issues. In particular, landlocked countries with fewer neighbours ought to create transit transportations with its bordering countries that could help to reduce transportation costs, develop economies, transportation and tourism with neighbours, as well as promote regional economic relations and cooperation. An efficient transit transport is vital for landlocked states. Due to the lack of access to seaports, transit transportation is a unique way to connect with the neighbouring countries. Mongolia’s geographical location, the rapid development of the mining and energy sectors are critically important for connecting with the “New Silk Road”, the “Development Road National Programme” (former Steppe Road) and the “Eurasian Transportation Corridor”. This paper is an attempt to forecast the efficiency of transit transport between Mongolia, China and Russia. The article focuses on the prerequisites for the development of the methodology for measuring the transit transport performance. Mongolia-China-Russia economic corridor marks a watershed in intensifying trilateral cooperation between Mongolia, China and Russia, which would not only create favorable conditions for furthering trilateral cooperation, but also promoting regional economic cooperation. Therefore, the paper has used Mongolian Railway statistical data of 2017 to provide efficiency analysis of the central railway system. A total of four types of railway transportation is carried out in Mongolia and transit transportation is relatively efficient. The efficiency calculation and performance of transport system of Mongolia were measured using the Data Envelopment Analysis.

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The routes of the Mongolian economic corridor: development prospects, transport and logistics constraints

Андреев

Макаров

2019

IOP Conf. Ser.: Earth Environ. Sci.

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China–Mongolia–Russia Economic Corridor: Opportunities and Challenges

Cited by 5 publications

References 1 publication

Empirical Analysis of Factors Affecting the Bilateral Trade between Mongolia and China

Empirical Analysis of Factors Affecting the Bilateral Trade between Mongolia and China

The efficiency forecast of trilateral transit transportation of economic corridor

The routes of the Mongolian economic corridor: development prospects, transport and logistics constraints

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