Does the Increase of Openness Promote Regional Economic Growth? —An Empirical Analysis Based on the Panel Data of Countries Along the “one Belt and one Road”
Does the Increase of Openness Promote Regional Economic Growth? —An Empirical Analysis Based on the Panel Data of Countries Along the “one Belt and one Road”
MA Wei1,CAO Xiao-shu2,LI Tao2,GAO Xing-chuan1
1.College of Geography and Tourism,Shaanxi Normal University,Xi’an 710119,China; 2.Center for Land Resource Research in Northwest China,Shaanxi Normal University,Xi’an 710119,China
Abstract Based on the panel data of 66 countries from 2000 to 2015, this paper systematically examines the impact of openness on economic growth of countries along the “Belt and Road” (BRI) by developing a comprehensive evaluation index system of openness and adopting the panel data model. The empirical results show that first, openness presents a rising trend year by year, with an average annual growth rate of 5.24%. Second, on the whole, openness has a significant positive impact on economic growth, but shows no Kuznets Curve effect. Third, from a temporal perspective, openness significantly promoted economic growth from 2000 to 2008, but after 2008, the impact showed a downward trend. Fourth, from a regional perspective, openness has a greater positive impact on economic growth in Central and Eastern Europe, Community of Independent States and South Asia, as opposed to that on Central Asia、West Asia/North Africa. At last, from the perspective of countries with different economic levels, there exists a spindle effect. In other words, openness has a greater positive impact on upper and middle income countries and a smaller impact on other countries
MA Wei,CAO Xiao-shu,LI Tao et al. Does the Increase of Openness Promote Regional Economic Growth? —An Empirical Analysis Based on the Panel Data of Countries Along the “one Belt and one Road”. Economic Survey, 2019, 36(5): 064.
2019, Vol. 36 
