The Impact of ‘One Belt, One Road’ and its Effects on GDP Growth in China

University essay from Göteborgs universitet/Graduate School

Abstract: After the global financial crisis in 2008, the world economy started to slowdown. Dueto decelerated growth rates in China, and with the endeavour to increase control overglobal trade, the Chinese President, Xi Jinping, launched the initiative ‘One Belt, OneRoad’, in September 2013. The initiative aims to encourage and stimulate economicgrowth in China, as well as enhance integration between countries connected to thenew initiative. This research aimed to study the impact of ‘One Belt, One Road’ andits effects on GRP growth in Chinese provinces affected by the initiative. Thecalculated forecasts in this study indicate on decreased GRP growth in coming years.In order to prove that ‘One Belt, One Road’ and its infrastructure projects will havean impact on GRP, regressions analyses, including several variables that have aneffect on GRP, were conducted. According to the results of this study, extendedrailways, highways as well as other factors connected to infrastructure projects provethat ‘One Belt, One Road’ will have positive effects on GRP growth in the selectedprovinces.

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