The implications of the New Silk Road Railways on local development

Fang, Ling; Kleimann, Martin; Li, Yuan; Schmerer, Hans‐Jörg

doi:10.1016/j.asieco.2021.101326

Cited by 10 publications

(5 citation statements)

References 32 publications

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“…The aforementioned study found that the facilitation of trade improved MNE’s ability to accumulate capital, which led to firms’ growth and a reduced number of zombie firms. In contrast, Fang et al (2021) found no association between the CRE and short‐term economic growth in European cities that were connected to the CRE transportation system. However, Fang et al opined that the CRE could stimulate regional employment growth and road transport volume in cities connected to the CRE.…”

Section: Literature Reviewmentioning

confidence: 65%

“…Specifically, we first established a standard for cities surrounding the normalized operation cities, measuring whether the distance to the normalized operation cities was within 0–150 km, 151–200 km, 200–250 km, 251–300 km, and 301–400 km. According to a prior study on the CRE, most of the spillover effects generated by the CRE are within 300km of normalized operation cities (Wang and Bu 2019; Fang et al 2021; Wei and Gu 2021a; Zhang and Gong 2021). The distance data obtained was the shortest spherical distance between the surrounding prefecture‐level cities and the closest normalized operation cities, calculated by latitude and longitude.…”

Section: Methodsmentioning

confidence: 99%

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The Impact of the China Railway Express on FDI Inflows in Chinese Prefecture-level Cities

Ding,

Choi,

2023

Transportation Journal

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Operating the China Railway Express (CRE) is a primary strategy for promoting international trade and investment between China and Europe. Since the inception of the CRE in 2011, the number of operational routes and connected cities has steadily increased. This study investigates the impact of the establishment of the CRE on foreign direct investment inflows in Chinese prefecture-level cities. To perform our analysis, we used panel data of 250 cities in China from 2004 to 2018, and applied the difference in differences (DID) model as a quasi-natural experiment. The results demonstrated that the operation of the CRE had a positive and significant impact on urban FDI inflows, particularly in small and medium-sized cities, low-income cities, and inland cities in China. The robustness of the results was verified using the DIDM and PSM-DID methods.

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Section: Literature Reviewmentioning

confidence: 65%

Section: Methodsmentioning

confidence: 99%

The Impact of the China Railway Express on FDI Inflows in Chinese Prefecture-level Cities

Ding,

Choi,

2023

Transportation Journal

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“…In this case, the railroad has more power over most of the supply than other lines, such as maritime [12]. Among the advantages offered by rail transport are that the implications of the New Silk Road spur increased opportunities to invest in transportation infrastructure, logistics hubs, and long-term global networks of interaction and communications [23,25,[56][57][58]. Also, this initiative is an endeavour to create a dense network of scheduled goods trains to facilitate and promote long-distance commerce along the route [16].…”

Section: Discussionmentioning

confidence: 99%

The Importance of the New Silk Road in the Hungarian Automotive Supply Chain

Pató,

Heizler,

Herczeg

et al. 2023

Sustainability

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The connection between Europe and Asia has always been important for the flow of materials and intellectual goods. Hungary is in an important position in Central Europe to connect different key ports and logistics hubs. Therefore, this article aims to analyse the opportunities and impacts of the New Silk Road initiative on the supply chain and transportation network in Hungary. This result showed that the existence of the New Silk Road gives huge opportunities for different supply-chain-related activities and initiatives, especially for the Hungarian automotive industry. Specifically, the New Silk Road has the potential to enable the advantages and positive impact of rail transport activities in Hungarian automotive supply chains by providing a long-term competitive solution as an alternative to maritime transport while mitigating several related risks and increasing the domestic supply chain’s resilience. Consequentially, the New Silk Road initiative may affect the supply chains and transportation route networks of several European and Asian nations, including Hungary.

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“…And what role did IB play therein? Several studies show that some BRI projects benefited the host countries in terms of transportation infrastructure, income, and job generation (Fang et al, 2021 ; Li & Taube, 2018 ; Li et al, 2022a ). At the same time, other studies have documented significant resistance against BRI projects in host countries (Balding, 2018 ).…”

Section: Future Research Agendamentioning

confidence: 99%

The Belt and Road Initiative and international business policy: A kaleidoscopic perspective

Assche

et al. 2022

J Int Bus Policy

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In this editorial, we take stock of the nature and scope of China’s global development strategy named the “Belt and Road Initiative” (BRI), and how it influences international business (IB) policy. We build on the state of the current IB literature on the BRI and the findings of the Special Issue articles to suggest the need for complex integrative thinking on the initiative. We show that the BRI – like a kaleidoscope – elicits vastly different patterns of opportunities and challenges as we turn the perspective from policymakers in China, to governments in BRI host countries, and to officials in third countries. We illustrate how the application of integrative thinking to these perspectives allows for the identification when BRI projects generate tensions between countries and how this influences their IB policies. We further discuss under which circumstances BRI projects may benefit all sides and which IB policies can help promote these types of projects. We conclude with a discussion of future research directions.

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The implications of the New Silk Road Railways on local development

Cited by 10 publications

References 32 publications

The Impact of the China Railway Express on FDI Inflows in Chinese Prefecture-level Cities

The Impact of the China Railway Express on FDI Inflows in Chinese Prefecture-level Cities

The Importance of the New Silk Road in the Hungarian Automotive Supply Chain

The Belt and Road Initiative and international business policy: A kaleidoscopic perspective

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