Inclusive opening effect of China's"Belt and Road"Initiative:Based on empirical analysis of HDI of countries along the"Belt and Road"
Different from the economic globalization,led and promoted by developed countries in the past,China's"Belt and Road"Initiative,adhering to the advanced concept of a community with a shared future for mankind,not only provides more opportunities for more developing countries to integrate into the global value chain division of labor,but also strives to improve its division of labor.Compared with existing literature,the marginal contribution of this article may lie in.First,from a research perspective,this article evaluates the prac-tical effects of the"Belt and Road"Initiative from the specific perspective of"inclusive openness".Second,in terms of indicators of selection,this article selects the Human Development Index(HDI)as an indicator to measure the possible inclusive opening effect of the"Belt and Road"Initiative in the countries along the route at the comprehensive and sub-index levels.Third,in terms of mechanism analysis,this article strives to discuss the unique mechanism and role of the"Belt and Road"Initiative in promoting the participation of countries along the route in the international division of labor,and then clarifies its mechanisms for inclusive openness.Fourth,in terms of research methods,considering that the countries along the route participate in the"Belt and Road"Initiative at different times,this article adopts the multi-period double difference method to improve the accuracy of policy processing time points.On the basis of theoretical analysis,using HDI as a characterization variable of the inclusive opening effect,based on the empirical data of 60 countries in the ADBMRIO database from 2010 to 2019,the empirical analysis of the double difference model and various robustness.The test res-ults show that the"Belt and Road"Initiative has indeed significantly promoted the HDI of the countries along the route,showing a relatively inclusive opening feature.And the above-mentioned effects are mainly through the two mechanisms of increasing the participation of countries along the route in the global value chain and improving the status of the division of labor.Theoretical hypotheses are well tested for logical consistency met-rics.It can be seen that the"Belt and Road"Initiative,which upholds the advanced concept of a community with a shared future for mankind,not only has a solid theoretical foundation,but also practical experience proves that China is already on the way to promote inclusive opening up.
"Belt and Road"Initiativeinclusive opennessHuman Development Index(HDI)difference-in-differences model
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