Economics

Convergence effect of the Belt and Road Initiative on income disparity: evidence from China

B. Qin, D. Zeng, et al.

This research by Bo Qin, Dongmei Zeng, and Angang Gao explores the transformative impact of the Belt and Road Initiative (BRI) on reducing income disparities among cities in China. It reveals how trade opening and industrial transformation are pivotal in driving regional economic convergence, particularly in Central and West China.

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Abstract

This paper investigates the impact of the Belt and Road Initiative (BRI) on inter-city income disparities in China. Using a difference-in-differences method and treating the BRI as a quasi-natural experiment, the study finds that the BRI contributes to the convergence of regional income disparities, with this effect being continuously dynamic. Trade opening and industrial structure transformation are identified as key mechanisms. However, significant heterogeneity exists, with the BRI's convergence effect being more pronounced in Central and West China than in East China.

Publisher

Humanities and Social Sciences Communications

Published On

Sep 12, 2022

Authors

Bo Qin, Dongmei Zeng, Angang Gao

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