Trade Linkages Between the Belt and Road Economies
This paper studies the production and trade linkages between a selected group of economies belonging to the Belt and Road Initiative (BRI). After defining a group of Belt and Road Economies, the paper uses three standard trade databases to analyze...
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| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/460281525178627774/Trade-linkages-between-the-belt-and-road-economies http://hdl.handle.net/10986/29768 |
| Summary: | This paper studies the production and
trade linkages between a selected group of economies
belonging to the Belt and Road Initiative (BRI). After
defining a group of Belt and Road Economies, the paper uses
three standard trade databases to analyze trade and
production linkages among these economies. With the help of
state of the art economic decompositions of input-output
tables, coupled with standard international trade
statistics, the analysis quantifies the amount of production
sharing between the economies of the area. The main finding
is that trade integration among Belt and Road Economies has
largely increased: Intraregional exports went from 30.6
percent in 1995 to 43.3 percent in 2015. Since the increase
in gross exports was driven mostly by intermediate goods,
the study investigates the evolution of regional production
networks across Belt and Road Economies. |
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