One Belt, One Road, One Way? Where European Exporters Benefit from the New Silkroad

Karsten Mau, Rosalie Seuren

Research output: Working paperProfessional

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Abstract

We analyze the trade effects of a new unfolding transport infrastructure in connection with China's Belt and Road Initiative (BRI). Using panel data for the years 1996-2018, featuring 27 exporting countries and 96 industries, we exploit variation in the timing and number of railway connections to estimate whether European countries benefit from increased export revenues and product variety of their shipments to China. We find that both increase and that also indirectly connected countries benefit. Using additional data on the mode of transport, we find that industries with intermediate
time-sensitivity appear to increase their utilization of rail-freight to China the most and confirm that the overall increase in exports is driven by these industries.
Original languageEnglish
PublisherMaastricht University, Graduate School of Business and Economics
Number of pages30
DOIs
Publication statusPublished - 15 Sep 2020

Publication series

SeriesGSBE Research Memoranda
Number024
ISSN2666-8807

JEL classifications

  • f14 - Empirical Studies of Trade
  • f15 - Economic Integration
  • r41 - "Transportation: Demand, Supply, and Congestion; Safety and Accidents; Transportation Noise"

Keywords

  • China
  • trade
  • Transport infrastructure
  • Belt and Road initiative

Cite this

Mau, K., & Seuren, R. (2020). One Belt, One Road, One Way? Where European Exporters Benefit from the New Silkroad. Maastricht University, Graduate School of Business and Economics. GSBE Research Memoranda, No. 024 https://doi.org/10.26481/umagsb.2020024