Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)

The Impact of Trade in Service Restrictions on Real GDP Level: An Empirical Analysis from China and Its OBOR African Partners

Authors
Pei Zhi Wang., Abdul Hadi Tahir.
Corresponding Author
Pei Zhi Wang.
Available Online 22 March 2021.
DOI
https://doi.org/10.2991/aebmr.k.210319.054How to use a DOI?
Keywords
International Trade in Service, Trade Restrictions, OLS Regression Model
Abstract

This paper presents an assessment of the restrictions imposed on international trade in service and its implications on real GDP levels. Countries involved in this study are China and its African partners in the one belt one road initiative namely: Algeria, Egypt, Kenya, Morocco and Tunisia. Such assessment requires a pre evaluation of the relationship between trade in service share to real GDP and real GDP levels among the economies involved in this study. The hypothesis of this paper suggests that there is a positive relationship between trade in service share to real GDP and real GDP levels and thus, restrictions associated with trade in service are of significance to real GDP levels. We have applied a simple regression analysis test on the model and found that the relationship between trade in service share to real GDP and real GDP level is negative at 2.6 %. Moreover, we have applied an ordinary least square regression test to examine the impact of restrictions on real GDP levels and found that only two service sectors out of five service sectors included in this study have a negative impact on real GDP levels. It is hoped that this paper encourages researchers to investigate more on this topic.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
22 March 2021
ISBN
978-94-6239-354-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210319.054How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Pei Zhi Wang.
AU  - Abdul Hadi Tahir.
PY  - 2021
DA  - 2021/03/22
TI  - The Impact of Trade in Service Restrictions on Real GDP Level: An Empirical Analysis from China and Its OBOR African Partners
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 298
EP  - 302
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.054
DO  - https://doi.org/10.2991/aebmr.k.210319.054
ID  - Wang.2021
ER  -