Impact of participation in the belt and road initiative on regional economic resilience at province level
Abstract
Purpose
This study aims to examine how participation in the Belt and Road Initiative (BRI) affects province-level regional economic resilience. In the context of dual circulation – the new development paradigm proposed by the Chinese Government – participating in the BRI is an important means of connecting both international and domestic circulations and achieving high economic resilience. The complex causal relationship between participation in the BRI and province-level regional economic resilience is investigated.
Design/methodology/approach
Based on the complex system view, this study uses fuzzy set qualitative comparative analysis (fsQCA) to examine the impact on regional economic resilience when provinces participate in the BRI through unimpeded trade, infrastructure connectivity, financial integration and people-to-people bonds under the two conditions of attention allocation and buffering capacity. Qualitative textual analysis is applied to analyse provincial work reports, and relevant statistical data are used to measure the economic resilience from 2013 to 2020.
Findings
The authors identified three condition configurations that lead to a high regional economic resilience at province-level and one condition configuration that lead to no high-level regional economic resilience.
Research limitations/implications
In-depth analyses of qualitative materials should be conducted to explain the systematic relationships among the conditions.
Originality/value
This research is of practical significance to the development of the theoretical framework and practices of the BRI in the context of dual circulation.
Keywords
Acknowledgements
Funding statement: This work was supported by the National Natural Science Foundation of China (Grant nos. 71932005 and 72174051) and supported by the Fundamental Research Funds for the Provincial Universities of Zhejiang (GK199900299012-201).
Ethical compliance: All procedures performed in studies involving human participants were in accordance with the ethical standards of the institutional and/or national research committee and with the 1964 Helsinki Declaration and its later amendments or comparable ethical standards.
Citation
Yang, W., Lao, X., Zhou, Q. and Liu, J. (2023), "Impact of participation in the belt and road initiative on regional economic resilience at province level", Chinese Management Studies, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/CMS-04-2022-0135
Publisher
:Emerald Publishing Limited
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