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The impact of international logistics performance on import and export trade: an empirical case of the "Belt and Road" initiative countries

Business

The impact of international logistics performance on import and export trade: an empirical case of the "Belt and Road" initiative countries

W. Wang, Q. Wu, et al.

This research by Weixin Wang, Qiqi Wu, Jiafu Su, and Bing Li explores how international logistics performance influences trade between China and Belt and Road initiative countries from 2011 to 2022. Discover the critical relationship between logistics enhancements and trade volume, especially with larger economies.

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~3 min • Beginner • English
Abstract
As an important foundation of cargo transportation, logistics plays a vital role in developing international trade. Based on the international logistics performance index (LPI) and the sample data of the "Belt and Road" initiative countries from 2011 to 2022, this paper uses the extended trade gravity model to explore the impact of the logistics performance of the "Belt and Road" initiative countries on China's import and export trade. The empirical results show that the improvement of the logistics performance level of the countries along the "Belt and Road" initiative has a certain role in promoting the growth of China's trade volume to the country, and the improvement of LPI has a more significant positive impact on China's import and export to large-scale countries along the route. Finally, according to the analysis of empirical results, this paper puts forward specific suggestions to promote the development of logistics performance and import and export trade, which provides some reference value for implementing the "Belt and Road" initiative and improving national logistics and trade level.
Publisher
Humanities and Social Sciences Communications
Published On
Aug 10, 2024
Authors
Weixin Wang, Qiqi Wu, Jiafu Su, Bing Li
Tags
international logistics
trade performance
Belt and Road initiative
Logistics Performance Index
trade volume
China
economic impact
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