AI Article Synopsis

  • The COVID-19 pandemic has caused significant disruptions to the global economy and development, impacting China's equipment exports to "Belt and Road" countries.
  • The article employs an extended gravity model to analyze how the quality of communication infrastructure in these countries affects China's equipment manufacturing exports between 2010 and 2020.
  • Results show that while improved communication infrastructure generally boosts China's equipment exports, the effect varies by product type and economic status, being particularly beneficial for transition economies.

Article Abstract

Under the influence of COVID-19 in the past few years, the world has been facing tremendous changes. The world economy is also facing strong headwinds on its path toward recovery, and global development has suffered major setbacks. Under this background, China's equipment export has also been greatly affected. In order to maintain a stable export of equipment manufacturing to the "Belt and Road" countries, this article constructs an extended gravity model with communication infrastructure variables using the statistical data of China's equipment manufacturing exports from 2010 to 2020 and discusses the impact of "Belt and Road" countries' communication infrastructure quality on China's equipment manufacturing exports by product and country heterogeneity analysis. The results indicate significant differences in the quality of communication infrastructure among countries along the "Belt and Road". Overall, the improvement of "Belt and Road" countries' communication infrastructure quality can promote the export of China's equipment manufacturing industry. Except for the electrical machinery and office instrument, the quality improvement of "Belt and Road" countries' communication infrastructure has a positive effect on other subdivision products of China's equipment manufacturing industry, but the intensity of the effect is heterogeneous. The improvement of transition economies' communication infrastructure quality significantly promotes the export of China's equipment manufacturing industry, but the developed and developing economies' promotion effect is not significant.

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Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC10440521PMC
http://dx.doi.org/10.1016/j.heliyon.2023.e19017DOI Listing

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