International Collaborations and Potential Economic Growth: Evidence from the Analysis of Countries along the Belt and Road

SHEN Zhi-yang; ZHU Ning; GUO Wei

Volume 35 Issue 3

May 2021

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SHEN Zhi-yang, ZHU Ning, GUO Wei. International Collaborations and Potential Economic Growth: Evidence from the Analysis of Countries along the Belt and Road[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(3): 18-29.

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SHEN Zhi-yang, ZHU Ning, GUO Wei. International Collaborations and Potential Economic Growth: Evidence from the Analysis of Countries along the Belt and Road[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(3): 18-29.

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International Collaborations and Potential Economic Growth: Evidence from the Analysis of Countries along the Belt and Road

1.
Institute of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu 233030
2.
School of Economics and Commerce, South China University of Technology, Guangzhou 510006
3.
School of Credit Management, Guangdong University of Finance, Guangzhou 510521, China

Received Date: 2020-03-29
Available Online: 2021-05-13
Publish Date: 2020-06-28

Abstract

Abstract

Against the background of the rise of anti-globalization and the urgent need for China to develop a high-level open economy, a nonparametric calculation method in this research is introduced to measure the growth potential of the whole economy. Taking 54 potential international cooperation countries as a whole, based on the robust overall directional distance function and the overall Luenberger productivity index, this paper attempts to analyse the evolution of economic growth and driving factors in 54 sample countries from 1990 to 2014 through the technical efficiency to measure their own economic development and through the structural efficiency to measure transnational cooperation. It is found that as to the potential countries for international cooperation, the room for economic growth improvement is very limited if they improve their technical efficiency by themselves; if international cooperation is strengthened, structural efficiency can be improved by optimizing the allocation of resources, thus significantly raising the level of output. During testing period, the average annual growth rate of productivity in the sample countries was about 0.83%, among which the contribution of structural efficiency change was only 0.23%. Therefore, to fully tap the potential space for international cooperation and improve the capacity of transnational cooperation and technology absorption in scientific and technological innovation will surely have great development potential and space.
- economic growth,
- international collaboration,
- technical efficiency,
- structural efficiency,
- technological progress,
- the Belt and Road Initiative,
- green productivity,
- globalization

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References(18)

References

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