The Impact of “Belt and Road” Initiative on Total Factor Productivity of Chinese Enterprises

DOI

10.2991/978-2-38476-551-5_58How to use a DOI?

Keywords

Belt and Road Initiative; Total Factor Productivity; Double Difference Method; Enterprise Heterogeneity Analysis; Chinese Enterprises

Abstract

This paper examines the causal effect and heterogeneity of the Belt and Road Initiative on the total factor productivity (TFP) of Chinese enterprises from a holistic perspective by using the data of 2,862 listed companies in Shanghai and Shenzhen A-shares during the period of 2010-2017 as a sample, and the Belt and Road Initiative as a quasi-natural experiment using the double-difference-in-differences (DID) method. The study finds that: (1) the Belt and Road Initiative can effectively improve the total factor productivity of Chinese enterprises; (2) the enhancement effect of the Belt and Road Initiative shows significant heterogeneity, with state-owned enterprises, enterprises in eastern China, and high-tech enterprises obtaining a larger TFP enhancement from the Initiative, but it does not have an obvious moderating effect on the size of the enterprises; and the study suggests that the Belt and Road Initiative is conducive to The study shows that the “Belt and Road” initiative is conducive to promoting enterprises to fully utilize their own resource endowments, effectively allocate domestic and foreign high-quality resources, and stimulate the innovation vitality and potential of enterprises, which, on this basis, will play a stronger role in boosting the high-quality development of Chinese enterprises. Thus, the Belt and Road Initiative can also become one of the important driving forces for the Chinese government to implement and guide the development of enterprises.

Copyright

© 2026 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  - Fengtong Li
PY  - 2026
DA  - 2026/03/26
TI  - The Impact of “Belt and Road” Initiative on Total Factor Productivity of Chinese Enterprises
BT  - Proceeding of 2025 8th International Conference on Humanities Education and Social Sciences (ICHESS 2025)
PB  - Atlantis Press
SP  - 532
EP  - 551
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-551-5_58
DO  - 10.2991/978-2-38476-551-5_58
ID  - Li2026
ER  -