Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade

Wang, Hui; Si, Ieongcheng; Chen, Zhihua

doi:10.1016/j.eap.2023.11.030

Cited by 2 publications

(1 citation statement)

References 65 publications

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“…Li et al (2024) [33] and Dai and Song (2021) [34] note that the BRI has the potential to boost the position of participating countries in the GVC. Similarly, Wang (2023) [35] found that BRI significantly promotes GVC reconstruction between China and B&R countries, with effects strengthening over time. Scholars have examined the GVC effects on carbon emissions based on traditional technology, scale and structural effects [13][36] .…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 96%

An exploration of the effect of Belt and Road Initiative on the Export-Embodied Carbon Emissions in China’s Manufacturing Industry

Jiang,

Mukhopadhaya,

Zhang

2024

Preprint

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This study evaluates the impact of China’s Belt and Road Initiative (BRI) on direct and indirect carbon emissions from China’s manufacturing goods production and trade processes with 64 countries along the belt and road (B&R). The analysis is based on China’s 189 trading partners (countries and regions) and 26 industrial sectors using the Eora Global Multi-Regional Input-Output Database for 2001–2016 and the difference-in-differences (DID) method. The results indicate that to most countries along the B&R, the export-embodied carbon emissions in China's manufacturing industry exceed import-carbon emissions. Energy and heavy industries are the main net exporters of carbon emissions. It is noted that the contribution of the BRI is significant in the increase in the embodied carbon emissions of China’s manufacturing exports. The BRI’s effect is more obvious in energy and heavy manufacturing, in Maritime Silk Road countries and in developing countries along the B&R. While the BRI fosters embodied carbon emissions in China's manufacturing exports by promoting these exports, and reduces them by promoting low-carbon technological innovation, improving China’s relative position in the global value chain in the region does not affect manufacturing export carbon emissions. Our findings lead to several important policy implications at a time when the region is experiencing enormous challenges in reducing CO2 emissions.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 96%

An exploration of the effect of Belt and Road Initiative on the Export-Embodied Carbon Emissions in China’s Manufacturing Industry

Jiang,

Mukhopadhaya,

Zhang

2024

Preprint

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The Impact of Global Value Chain Reconstruction on the Innovative Latitude High-Quality Development of Reverse OFDI in China—From the Perspective of Jiangsu Province

Huang,

Zhu

2024

Sustainability

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Based on the current unpredictable patterns of globalization and the impact of the COVID-19 pandemic, global value chains (GVCs) are undergoing restructuring. The resolution of the 20th Communist Party of China National Congress emphasizes high-quality development and the “going out” strategy. It highlights the crucial role of global value chain reconstruction in driving the high-quality development of outward foreign direct investment (OFDI). Innovation is crucial in reaching this high-quality development objective. This study uses Jiangsu Province in China as a case study to estimate the relationship between the innovative direction of the high-quality development indicator score system for Jiangsu Province’s reverse OFDI and global value chain restructuring from 2007 to 2021. The findings indicate that global value chain restructuring has a suppressive effect on the innovative direction of high-quality development in Jiangsu’s reverse OFDI. Additionally, further heterogeneity analysis reveals that urbanization levels mitigate the negative impact of global value chain restructuring on the innovative direction of high-quality development in Jiangsu’s reverse OFDI.

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Does the Belt and Road Initiative promote China and the countries along the route to reconstruct the global value chain? Evidence from value-added trade

Cited by 2 publications

References 65 publications

An exploration of the effect of Belt and Road Initiative on the Export-Embodied Carbon Emissions in China’s Manufacturing Industry

An exploration of the effect of Belt and Road Initiative on the Export-Embodied Carbon Emissions in China’s Manufacturing Industry

The Impact of Global Value Chain Reconstruction on the Innovative Latitude High-Quality Development of Reverse OFDI in China—From the Perspective of Jiangsu Province

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