https://doi.org/10.36719/2663-4619/111/73-88
Xiaotian Xu
Wenzhou University
Master student
https://orcid.org/0009-0000-0393-9978
975963536@qq.com
Does Establishment of Overseas Economics and Trade Cooperation Zones Influence China’s Regional Export Effects? – Evidence from
the Provincial Panel Data
Abstract
China's Overseas Economic and Trade Cooperation Zones (COCZs) are an important measure to comply with the high-quality and sustainable development of the economy and promote the construction of the Belt and Road Initiative national cooperation. This paper analyzes the impact mechanism of COCZs on the high-quality development of China’s foreign trade through the establishment of COCZs as a quasi-natural experiment. It also evaluates the impacts of COCZs on export trade based on the data of 23 provinces in China and 54 countries around the world in the period of 2002-2021. Moreover, this paper utilizes a three-dimensional panel model to assess the impact of COCZs on export trade. The findings of this study shows that: First, the establishment of COCZs has generally significantly promoted the high-quality development of regional exports. And it effectively improved regional export levels through feedbacks of intermediate products, improved logistics systems, and inflows of foreign direct investment. Second, there are significant differences in export trade promotion impacting on different provinces establishing COCZs in various countries. Meanwhile, the finding shows significant differences in the export effects of different types of COCZs on China’s regional exports. Third, the regional export promotion effects of COCZs have a time lag. Thus it is necessary to plan sustainable development strategies from a long-term perspective and pay attention to the practice of environmental protection and sustainable development while accelerating exports.
Keywords: overseas economic and trade cooperation zone, regional export effects, host country, export, empirical research