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Belt and Road Initiative in China: The Impact of Real Openness on Service Trade

机译:中国的``一带一路''倡议:真正开放对服务贸易的影响

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This paper investigates the linkages between real openness and service trade under the belt and road initiative. Three dimensions including competitiveness, growth rate of services export and proportion of emerging services are used to measure service trade. Covering the period of 1995-2016 and using vector-error correction (VEC) model and impulse response functions (GRIFS), we find that a general long-run equilibrium relationship among the service trade, the openness, the human capital and the import and export of the goods, as well as a short-run relationship. The results of this study indicate that real openness plays an important role in implementing the belt and road initiative. The competitiveness and growth rate of service trade in China are increasing while the emerging services has no improvement under the belt and road initiative.
机译:本文研究了“一带一路”倡议下实际开放与服务贸易之间的联系。衡量竞争力的方法包括竞争力,服务出口增长率和新兴服务比重三个方面。我们发现,在1995年至2016年期间,使用向量误差校正(VEC)模型和冲激响应函数(GRIFS),我们发现服务贸易,开放性,人力资本与进口和进口之间存在着一般的长期均衡关系。货物的出口,以及短期关系。这项研究的结果表明,真正的开放在实施“一带一路”倡议中起着重要作用。在“一带一路”倡议下,中国服务贸易的竞争力和增长率不断提高,而新兴服务却没有改善。

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