Francois de Soyres, Alen Mulabdic, Siobhan Murray, Nadia Rocha, Michele Ruta, 27 November 2018

The Belt and Road Initiative, proposed by China in 2013, consists primarily of a series of infrastructure projects aimed at improving connectivity on a trans-continental scale. This column presents new evidence on the potential impact of the initiative on trade costs. It shows that through a reduction in shipment times, the initiative could substantially reduce trade costs for participating countries, with positive spillover effects on the rest of the world. 

Vox eBooks

Events

CEPR Policy Research