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Logistics as a driving force for development under the Belt and Road Initiative - the Chinese model for developing countries

Citation

Li, KX and Jin, M and Qi, G and Shi, W and Ng, AKY, Logistics as a driving force for development under the Belt and Road Initiative - the Chinese model for developing countries, Transport Reviews, 38, (4) pp. 457-478. ISSN 0144-1647 (2018) [Refereed Article]

Copyright Statement

Copyright 2017 Informa UK Limited, trading as Taylor & Francis Group

DOI: doi:10.1080/01441647.2017.1365276

Abstract

An important objective of "the Belt and Road Initiative" is to promote the economic growth of countries in the region. China’s successful development experience, proposed in the initial stage of reform, can be summarised as "Looking for development, building the highway first". This study is the first to evaluate whether logistics infrastructure has indeed contributed to economic growth by employing an error correction model with panel data from 2003 to 2014. In addition, we compare the influence levels of different sectors of logistics infrastructure in different regions, i.e. developed and developing regions. We focus on developing regions as they represent good development experiences for developing countries in the Silk Road Economic Belt. For developing regions, we find that the most influential factors are telecommunication and airway transportation, which should be the foci of attention in order to promote economic growth and reduce inter-region economic inequalities. The research confirms that logistics is indeed a driving force for economic growth in China, and that the contributions of specific sectors can be a useful reference for developing countries to determine prioritisation of investment in different logistics sectors across regions.

Item Details

Item Type:Refereed Article
Keywords:logistics infrastructure, economic growth, the Belt and Road initiative, Chian, developing countries
Research Division:Economics
Research Group:Applied Economics
Research Field:Transport Economics
Objective Division:Defence
Objective Group:Defence
Objective Field:Logistics
UTAS Author:Shi, W (Dr Wenming Shi)
ID Code:120282
Year Published:2018 (online first 2017)
Deposited By:Maritime and Logistics Management
Deposited On:2017-08-19
Last Modified:2019-09-18
Downloads:0

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