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Keywords = status elevation the global value chain

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16 pages, 363 KB  
Article
Direct and Indirect Effects of Business Environment on BRI Countries’ Global Value Chain Upgrading
by Shengbing He, Huilin Yao and Zhou Ji
Int. J. Environ. Res. Public Health 2021, 18(23), 12492; https://doi.org/10.3390/ijerph182312492 - 27 Nov 2021
Cited by 23 | Viewed by 3409
Abstract
This study incorporates business environment, foreign direct investment (FDI), and the global value chain upgrading into a unified analysis framework to unravel the effects of business environment and FDI on the Belt and Road Initiative (BRI) countries’ status elevation on the global value [...] Read more.
This study incorporates business environment, foreign direct investment (FDI), and the global value chain upgrading into a unified analysis framework to unravel the effects of business environment and FDI on the Belt and Road Initiative (BRI) countries’ status elevation on the global value chain. The panel data of 112 BRI countries from 2007 to 2017 are employed for empirical tests on the trilateral relationship through the panel data regression model. The results show: (1) business environment improvement and FDI inflow significantly promote BRI countries’ status elevation on the global value chain. Business environment not only elevates BRI countries’ status on the global value chain directly, but indirectly lifts their status through the intermediate effects of FDI; (2) business environment and FDI significantly promote the status elevation on the global value chain for industries that are intensive on varied factors, especially for labor-intensive industry; (3) the test results of the panel threshold model further verify the positive effect of the business environment and FDI inflows on BRI countries’ status elevation on the global value chain. Full article
(This article belongs to the Special Issue Frontiers in Healthy Cities: Policy Impacts and Inclusive Governance)
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