Assessing the macroeconomic effects of China–Eastern African BRI transport infrastructure on Eastern African countries
利用面板结构引力模型,研究一带一路交通基础设施(公路、铁路、ICT)对东非国家双边贸易和经济增长的促进作用,发现交通基础设施显著推动贸易和增长。
Abstract The Belt and Road Initiative (BRI) intends to enhance China's international integration, strikingly by enhancing infrastructure and bolstering trade and investment links among the economies involved. Poor transport infrastructure and border restrictions are significant deterrents to trade expansion, economic growth, and bilateral trade. Using panel structural gravity model estimations, this study investigates the impact of Transportation infrastructure inheritances on bilateral trade across the Belt and Road member countries, particularly in Eastern Africa. The study considers the potential effect of the BRI roads, railways, and Information and Communication Technology (ICT) infrastructure network on the bilateral trade and economies of the Eastern African countries. The empirical analysis offers robust evidence that transport infrastructure promotes trade. The study found that transport infrastructure has a significant and positive effect on trade. These results imply that transport infrastructure exerts a strong effect on trade and growth in Eastern Africa. Policies for increasing access and affordability of transport infrastructure are highly recommended to promote trade and economic growth in the Eastern Africa sub‐region.