Port Infrastructure Connectivity, Logistics Performance and Seaborne Trade on Economic Growth: An Empirical Analysis on “21st-Century Maritime Silk Road”

Liang, Rui; Liu, Ziyang

doi:10.2112/si106-074.1

Cited by 15 publications

(13 citation statements)

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“…Future investigations should be interdisciplinary, addressing not just the ecological challenges of coastal development in these regions, but also the social, cultural, economic, and political challenges in these unique contexts. Finally, studies are emerging that quantify the risks from new shipping routes and increasing traffic along the Maritime Silk Road on economic growth 42 , maritime accidents 23 , and carbon emissions 43 , yet the risks to vulnerable habitats and species have yet to be quantified and analyzed in depth. In addition to the features considered in this study, more research is needed investigating how the Maritime Silk Road may impact species’ behaviors, migration patterns, and the spread of invasive species.…”

Section: Discussionmentioning

confidence: 99%

Mapping the risks of China’s global coastal development to marine socio-ecological systems

Simmons

O’Hara

Ray

et al. 2022

Preprint

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Rapid coastal development continues to jeopardize the integrity of marine socio-ecological systems. China is now the largest bilateral creditor in the world, committing nearly half a trillion US dollars to overseas development finance since 2008. Meanwhile, there are growing concerns over the impacts of this boom in Chinese development finance on marine systems. Here, we quantify the risks of coastal development projects financed by China to marine biodiversity and coastal Indigenous communities. Ports present the greatest impact risks to marine systems, in terms of both magnitude and area at risk, with power plants, roads, and other facilities presenting relatively high localized risks. Risks are most prominent in Africa and the Caribbean, with coastal Indigenous communities in Western and Central Africa particularly vulnerable to the potential negative impacts of development. All projects present some risk to threatened marine species and potential critical habitats, but few present high risks to nearby marine protected areas. Most projects present additional risks to ecosystems that are already under increasing human pressures, but some are likely to introduce new risks to relatively intact ecosystems. “Bluing” future coastal development projects in China’s overseas development finance portfolio will require more social and environmental safeguards, higher standards for host-country impact assessments, and greater integration of land-sea risk mitigation and management approaches.

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Section: Discussionmentioning

confidence: 99%

Mapping the risks of China’s global coastal development to marine socio-ecological systems

Simmons

O’Hara

Ray

et al. 2022

Preprint

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“…Regarding the effects of trade on maritime connectivity, we avoid using UNCTAD's seaborne trade measure to ensure the cointegration between the variables. As reported by Liang and Liu [68], Hu et al [69], Bertho et al [70], and Chang et al [56], seaborne trade directly relates to maritime connectivity, and thus it cannot be used as an independent variable in our study. Instead, the influences of trade activities on the SCI and the PSCI are reflected by the country's monthly total exports and imports.…”

mentioning

confidence: 82%

“…Notwithstanding that Wang et al [146] and Cao et al [147] expect that the impacts of supply disruption would be short-lived, development of warehousing and storage capacities at ports along the PSR should be considered a fundamental issue to ensure the sufficiency of safety stocks and inventories. The improvement of port infrastructure connectivity, logistics performance [68], and diversification in maritime routes [1] will allow China and its counterparts to avoid localized disruptions, establish a multiple-location trade network in the High North, and enhance the resilience of supply chains globally.…”

Section: Market Effectsmentioning

confidence: 99%

Has the COVID-19 Pandemic Affected Maritime Connectivity? An Estimation for China and the Polar Silk Road Countries

et al. 2021

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In light of about 80% of international freight traffic carried by sea, maritime supply chains’ stability is pivotal to global connectivity. For over a year now, the transboundary mobility of vessels and cargoes has been restricted by diverse forms of the COVID-19 containment measures applied by national governments, while the lockdowns of people, businesses, and economic activities have significantly affected the growth prospects of various maritime connectivity initiatives. This study investigates how the pandemic-related public health, trade, and market factors have shifted the connectivity patterns in the Polar Silk Road (PSR) transport corridor between China, South Korea, Japan, Russia, and four economies of Northern Europe. The causality links between the Shipping Connectivity Index (SCI) and the number of COVID-19 cases and deaths, trade volumes with China and the rest of the world, and price indexes of minerals, fuels, food, and agricultural products are revealed separately for eight countries and thirty-five ports. The study algorithm is built on the consecutive application of the Augmented Dickey-Fuller (ADF) and the Phillips-Perron (PP) stationarity tests, the Autoregressive Distributed Lag (ARDL) method, the Fully-Modified Ordinary Least Squares (FMOLS) and the Dynamic Ordinary Least Squares (DOLS) robustness checks, and the Toda-Yamamoto causality test. Tight trade-connectivity links are recorded in all locations along the China-PSR transport corridor in 2015–2019, but in 2020, the relationships weakened. Bidirectional influences between the number of COVID-19 cases and connectivity parameters demonstrate the maritime sector’s sensitivity to safety regulations and bring into focus the role of cargo shipping in the transboundary spread of the virus. The authors’ four-stage approach contributes to the establishment of a methodology framework that may equip stakeholders with insights about potential risks to maritime connectivity in the China-PSR maritime trade in the course of the pandemic.

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“…Most studies (Ellyne and Yu, 2017; Lee et al ., 2018; Li et al ., 2018; Tsagkanos et al ., 2019) investigated the connections between FDI and economic, financial, demographic, political and social indicators. However, few empirical studies (Li et al ., 2018; Liang and Liu, 2020; Üre et al ., 2023) connect FDI to logistics performance indicators. It is crucial to comprehend this relationship, as FDI seeks to promote logistics infrastructure to increase trade through enhanced transport connectivity.…”

Section: Literature Reviewmentioning

confidence: 99%

Modelling spatio-temporal patterns of Chinese foreign direct investment under the Belt and Road Initiative

Ardianto,

Chhetri,

Oktriana

et al. 2023

JILT

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PurposeThis paper aims to explore the spatio-temporal patterns of Chinese foreign direct investment (FDI) since the inception of the Belt and Road Initiative (BRI) in 2013 as an extended version of geographically weighted regression.Design/methodology/approachThe panel data are used to examine spatial and temporal dynamics of the magnitude and the direction of China's outward FDI stock and its flow from 2011 to 2015 at a country level. Using the geographically and temporally weighted regression (GTWR), spatio-temporal distribution of FDI is explained through Logistic Performance Index, the size of gross domestic product (GDP), Shipping Linear Connectivity Index and Container Port Throughput.FindingsA comparative analysis between participating and non-participating countries in the BRI shows that the size of GDP and Container Port Throughput of the participating countries have a positive effect on the increases of China's outward FDI Stock to Asia especially after 2013, while non-participating countries, such as North America, Western Europe and Western Africa, have no significant effect on it before and after the implementation of the BRI.Research limitations/implicationsThe findings, however, will not necessarily provide insight into the needs of China's outward FDI in certain countries to develop their economy. The findings provide the evidence to inform policy making to help identify the winners and losers of the investment, scale and direction of investment and the key drivers that shape the distributive investment patterns globally.Practical implicationsThe study provides the empirical evidence to inform investment policy and strategic realignment by quantifying scale, direction and drivers that shape the spatio-temporal shifts of China's FDI.Social implicationsThe analysis also guides the Chinese government improve bilateral trade, build infrastructure and business partnerships with preferential countries participating in the BRI.Originality/valueThere is an urgent need to adopt a new perspective to unfold the spatial temporal complexity of FDI that incorporates space and time dependencies, and the drivers of the situated context to model their effects on FDI. The model is based on GTWR and an extended geographically weighted regression (GWR) allowing the simultaneous analysis of spatial and temporal decencies of exploratory variables.

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Port Infrastructure Connectivity, Logistics Performance and Seaborne Trade on Economic Growth: An Empirical Analysis on “21st-Century Maritime Silk Road”

Cited by 15 publications

References 0 publications

Mapping the risks of China’s global coastal development to marine socio-ecological systems

Mapping the risks of China’s global coastal development to marine socio-ecological systems

Has the COVID-19 Pandemic Affected Maritime Connectivity? An Estimation for China and the Polar Silk Road Countries

Modelling spatio-temporal patterns of Chinese foreign direct investment under the Belt and Road Initiative

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