A Study on the Influence of “Belt and Road Initiative” on the Upgrading of Industrial Structure in Provinces along the Road
FU Jingyan1,2, CHENG Fangfang1
1. School of Economics, Jinan University, Guangzhou 510632, China; 2. Green and Low Carbon Development Institute, Jinan University Guangzhou 510632,China
Abstract Under the trend of increasing downward pressure on the world economy in the “post-epidemic era” and drastic changes in the economic development situation at home and abroad, China has timely proposed to build a new development pattern of mutual promotion of domestic and international double cycles, which provides a Chinese plan for the optimization and adjustment of international industrial cooperation. Based on the data at the prefecture-level city level from 2008 to 2018, this paper makes a quantitative evaluation of the industrial structure upgrading effect of “Belt and Road Initiative” initiative. There are following findings: (1) The results of the dual differential regression show that the “Belt and Road” initiative has promoted the upgrading of regional industrial structure, but there is a time lag. (2) The propensity score matching double-difference and placebo test prove that the promotion effect of the “Belt and Road” initiative on the upgrading of industrial structure is not affected by unforeseen factors at the prefecture-year level. (3) The grouping test results of urban geographical characteristics and resource levels show that the “Belt and Road” initiative has a more significant promotion effect on the upgrading of industrial structure in the northwestern region of the “Hu Huanyong Line” and resource-based cities. (4) Mechanism analysis shows that unimpeded trade and facility connectivity are important ways for the “Belt and Road” initiative to promote industrial structure upgrading.
FU Jingyan,CHENG Fangfang. A Study on the Influence of “Belt and Road Initiative” on the Upgrading of Industrial Structure in Provinces along the Road. Economic Survey, 2021, 38(3): 066.
2021, Vol. 38 
