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Pathways for Expediting Joint Agricultural Development of China and BRI Countries
Gong Binlei (龚斌磊)
China Academy for Rural Development (CARD) and School of Public Affairs, Zhejiang University, Hangzhou, China
Abstract:Based on the agricultural panel data of 107 countries from 1962 to 2016, this paper establishes a global agricultural spatial production model, and explores pathways for mutually beneficial cooperation between China and the Belt and Road Initiative (BRI) countries in the agricultural sector. As shown in the empirical results, two-way spillover effects between China and BRI countries are all positive and significantly above world average of its kind, which builds the foundation of cooperation between both sides and reflects the BRI’s vision and foresight. In the context of the BRI, there are two pathways for expediting agricultural development in China and BRI countries: First, both sides may benefit from greater spillover effects from each other’s agricultural growth by promoting agricultural trade; second, China may gain from the overall spillover effects from agricultural development in BRI countries by promoting two-way trade, agri-technology aid and assistance in infrastructure projects for the common good of humanity.
Keywords:Belt and Road Initiative (BRI), agricultural productivity, spatial production function, spillover effects
JEL Classification Codes: Q18, D24
DOI: 10.19602/j.chinaeconomist.2020.09.02
