Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”

Authors

  • Jin-Hui Li Center for North and South Korea Studies, Yanbian University, Yanji, Jilin, China.
  • Chol-Ju An Faculty of Economics, Kim Il Sung University, Pyongyang, Democratic People’s Republic of Korea. Distinguished Researcher of Center for North and South Korea Studies, Yanbian University, Yanji, Jilin, China.
  • Gwang-Nam Rim Kim Il Sung University

DOI:

https://doi.org/10.38157/business-perspective-review.v2i2.145

Keywords:

Transport Infrastructure (TI), Gross Regional Products (GRP), Chinese Economy, “Belt and Road” Initiative (BRI)

Abstract

Purpose: This paper analyzes the impact of transport infrastructure on Gross Regional Products in Chinese provinces under the “Belt and Road Initiative”.

Methods: The impact of the key elements of transport infrastructure on Gross Regional Products is analyzed based on the data related to development levels of transport infrastructure and economic development. Correlation and regression analyses were used for data analysis.

Results: It is found that railways and highways, which are the key elements of transport infrastructure, have a strong correlation with Gross Regional Products, and their effects are diverse among provinces under study.

Implications: The findings demonstrate the position and role of diverse infrastructural elements in enhancing the economic benefits of infrastructural investment and promoting economic growth. Thus, it is expected to facilitate decision-making related to infrastructural investment under the “Belt and Road Initiative”.

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Published

2020-09-11

How to Cite

Li, J.-H., An, C.-J., & Rim, G.-N. (2020). Impact of Transport Infrastructure on Gross Regional Products: Evidence from Chinese Provinces under the “Belt and Road Initiative”. Business Perspective Review, 2(2), 23–45. https://doi.org/10.38157/business-perspective-review.v2i2.145

Issue

Vol. 2 No. 2 (2020): Business Perspective Review

Section

Articles