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

Karsten Mau; Rosalie Seuren

doi:10.26481/umagsb.2020024

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

Karsten Mau, Rosalie Seuren

Research output: Working paper › Professional

34 Downloads (Pure)

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 language	English
Publisher	Maastricht University, Graduate School of Business and Economics
Number of pages	30
DOIs	https://doi.org/10.26481/umagsb.2020024
Publication status	Published - 15 Sep 2020

Publication series

Series	GSBE Research Memoranda
Number	024
ISSN	2666-8807

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

Access to Document

10.26481/umagsb.2020024

RM20024Final published version, 1.23 MB

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

@techreport{e762b4d5ab914a778c0596d4bd24e0bf,

title = "One Belt, One Road, One Way?: Where European Exporters Benefit from the New Silkroad",

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 intermediatetime-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.",

keywords = "China, trade, Transport infrastructure, Belt and Road initiative",

author = "Karsten Mau and Rosalie Seuren",

year = "2020",

month = sep,

day = "15",

doi = "10.26481/umagsb.2020024",

language = "English",

series = "GSBE Research Memoranda",

publisher = "Maastricht University, Graduate School of Business and Economics",

number = "024",

address = "Netherlands",

type = "WorkingPaper",

institution = "Maastricht University, Graduate School of Business and Economics",

}

TY - UNPB

T1 - One Belt, One Road, One Way?

T2 - Where European Exporters Benefit from the New Silkroad

AU - Mau, Karsten

AU - Seuren, Rosalie

PY - 2020/9/15

Y1 - 2020/9/15

N2 - 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 intermediatetime-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.

AB - 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 intermediatetime-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.

KW - China

KW - trade

KW - Transport infrastructure

KW - Belt and Road initiative

U2 - 10.26481/umagsb.2020024

DO - 10.26481/umagsb.2020024

M3 - Working paper

T3 - GSBE Research Memoranda

BT - One Belt, One Road, One Way?

PB - Maastricht University, Graduate School of Business and Economics

ER -