| The implementation of the "The Belt and Road"is a active respondent of'going out" strategy,and has important meaning for china further expansion.The countries of"The Belt and Road" have the different resource endowments,market maturity and there is a big difference in investment environment,scale and industry.So trade effects on China is also different.In the construction of "The Belt and Road",China need to further refine the direct investment to the countries along"The Belt and Road",and then take different strategies to cope with it.To strengthen the research on the trade effect of direct investment to the countries along "The Belt and Road" helps to improve the utilization efficiency of investment funds,strengthen the investment purpose and create better social effect.It will have important practical significance For deepening cooperation with countries along"The Belt and Road" and promoting economic prosperity of two parties.This paper first introduced the selected topic background and significance,related theories and mechanism of the trade effect of the direct investment.Secondly,the paper analyzes the overall scale about China's direct investment and trade to the countries along "The Belt and Road" through collecting the investment and trade data of 65 countries.The paper discusses the relations between investment and trade about the top 15 countries along "The Belt and Road"that have big proportion of investment and trade.Then the paper empirical analyzes the trade effect of the China's direct investment based on the gravity model,FGLS and PCSE parameter estimation method.On the basis of the results of correlation analysis,this paper gives suggestions from the macroscopic and microscopic that China should classify the countries along "The Belt and Road" scientifically and take the different strategies in order to implement the propose of "The Belt and Road" and provide a scientific basis for the promoting the economic growth of the two parties. |
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