Research on the Welfare Effects from Import Trade between China and the"Belt and Road"Co-Construction Countries
The"Belt and Road"initiative has entered a stage of high-quality development,and the measurement of the welfare effects of import trade scientifically and accurately between China and the"Belt and Road"co-construction countries is of great practical significance to deepening bilateral trade cooperation.This paper uses the HS4-digit product level import data of China and the"Belt and Road"co-construction countries from 2002-2021 to measure the welfare effects from import trade between China and the"Belt and Road"co-construction countries under the large-country assumption,then decomposes the welfare effects at the country and product levels.The results show that the welfare effects from import trade between China and the"Belt and Road"co-construction countries increased from 1.629 billion in 2002 to 9.477 billion in 2021,especially,the efficiency loss of China and the co-construction countries decreased significantly since 2013.China is constantly optimizing the external spatial pattern of import trade,and bears most of the efficiency loss,it is fulfilling its commitment to mutually beneficial development with the"Belt and Road"co-construction countries.China should continue to deepen trade cooperation with countries along the Belt and Road,actively expand imports from co-construction countries,reduce tariffs on consumer goods and intermediate goods,seize the import initiative,integrate regional advantages,and inject new vitality into high-quality economic development.
"Belt and Road"Co-Construction CountryLarge-Country AssumptionImport TradeWelfare Effect
NETL
NSTL
万方数据
