Research on the influencing factors of bilateral financial cooperation from the perspective of structural power--Empirical analysis of threshold model based on data of China and the countries along the Belt and Road

DOI

10.2991/978-94-6463-268-2_31How to use a DOI?

Keywords

the Belt and Road; Financial Cooperation Index; Regional finance; Threshold model

Abstract

The construction of the ‘the Belt and Road’ is an important part of China’s external economic cycle. Summarizing the historical experience of financial cooperation between China and countries along the Belt and Road, and proposing differentiated cooperation strategies has important value for deepening the bilateral financial cooperation in the future. We constructs a financial cooperation index between China and countries along the Belt and Road with data from 2000 to 2018, divides these countries into high, medium and low cooperation countries, then, based on the structural rights perspective to select influencing factors from security, production, and financial perspective. Finally, conduct threshold regression analysis with the financial cooperation index. As the result, there is a significant positive correlation between the economic development level and the financial cooperation index. The correlation coefficient increases after the threshold variable crosses threshold. The results show that China and these countries with high level of economic development are more likely to deepen cooperation, but the financial cooperation of is not enough with poor countries.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Tao Shen
AU  - Dacheng Bu
PY  - 2023
DA  - 2023/10/10
TI  - Research on the influencing factors of bilateral financial cooperation from the perspective of structural power--Empirical analysis of threshold model based on data of China and the countries along the Belt and Road
BT  - Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
PB  - Atlantis Press
SP  - 271
EP  - 285
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-268-2_31
DO  - 10.2991/978-94-6463-268-2_31
ID  - Shen2023
ER  -