Analysis of the role of the "Belt and Road" initiative on industrial upgrading
DOI:
https://doi.org/10.54691/bcpbm.v33i.2731Keywords:
theAbstract
Based on the labor productivity index, this paper establishes a Difference in Difference model to study the impact of the Belt and Road initiative on China's industrial upgrading. Using the data at the municipal level from 2008 to 2019, quantitatively evaluate the net effect of the industrial structure upgrading of the “Belt and Road” initiative. On the basis and conclusion of the previous study, the level of economic growth is added to the did model as a new control variable to further confirm and test the impact of the "Belt and Road" initiative and the level of economic growth on China's industrial structure upgrading. The study found that the "Belt and Road" initiative has promoted the upgrading of regional industrial structure, but it is mainly reflected in the upgrading of industrial structure, and its role in promoting the rationalization of industrial structure is not significant. The upgrading of industrial structure will promote the quantitative economic growth, not the qualitative economic growth.
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