Author(s)

XiaoLan LU, Xu WU, KeXin ZHANG

Corresponding Author

XiaoLan LU

ABSTRACT

From 2010 to 2017, 58 countries along the “One Belt and One Road” were selected as research samples. Firstly, this paper analyzes China's export to countries along the “One Belt and One Road” route, establishes a Stochastic Frontier Gravity Model, studies the influencing factors and trade efficiency between China and these countries, and classifies and analyzes the trade efficiency of these countries. The study finds that China's export and export proportion in the countries along the “One Belt and One Road” increased steadily. Among them, the export proportion to ASEAN and Central and Eastern Europe was larger and grew steadily. The economic scale of China and countries along the Routes and population of countries along the Routes all positively affect China's export. China's OFDI and the customs efficiency of countries along the routes respectively have significant hindering and promoting effect on China's export efficiency respectively. The overall trade efficiency between China and countries along the belt and road is only 26.2%, and 32 countries are lack of trade. The trade efficiency with 4 countries in Central Asia is relatively high, while the overall trade efficiency with 10 countries in ASEAN and 14 countries in West Asia is the lowest.

KEYWORDS

“One Belt and One Road”, Influencing Factors, Trade Efficiency, Stochastic Frontier Gravity Model