Empirical Research on Connectedness for International Trade and Investment between Guangzhou and Countries along B&R Based on PVAR Test

2018 International Conference on Construction, Aviation and Environmental Engineering

生态环境科学;生物科学

Luo, Xiaofei^1 ; Han, Yonghui^2 ; Chen, Yuxuan^3

Faculty of Logistics, Guangdong Mechanical and Electrical Technical College, Guangzhou, Guangdong

510515, China^1

Guangdong Institute for International Strategies, Guangdong University of Foreign Studies, Guangzhou, Guangdong

510420, China^2

School of English for International Business, Guangdong University of Foreign Studies, Guangzhou, Guangdong

510420, China^3

关键词: Complementary relationship;    Empirical research;    Foreign investment;    Guangzhou;    Similarity indices;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/233/4/042036/pdf
DOI  :  10.1088/1755-1315/233/4/042036

来源: IOP

【 摘 要 】

Guangzhou, an international trading hub, plays an important role in the development of Belt and Road Initiative (B&R Initiative). We select the Export Similarity Index and Trade Intensity Index (ESI and TII) for trade and investment, and analyse the interconnectedness between trade and investment in the aspect of capacity cooperation between Guangzhou and countries along B&R, basing on the PVAR model. The result shows that the increase of investment and trade of Guangzhou has remarkably positive influence on the future ones of the countries along the B&R. We suggest that Guangzhou insist on attracting foreign investment and opening to the outside world, and consider carefully about the complementary relationship between trade and investment for capacity when establishing the related policy.