Analysis On Economic Effects Of Cross-Border Electricity Trade In The Context Of "One Belt And One Road"

Since 2013,the “Belt and Road” agreement has been implemented from the initial international cooperation policy measures into an interconnected network involving energy,transportation,finance,culture and other fields.Now it has covered 125 countries and 29 international organizations in Asia,Europe,Africa and other regions.Countries along the “Belt and Road” have different resources,strong economic complementarities,and great potential for cooperation.Energy cooperation is an important part of the “Belt and Road” Initiative based on infrastructure investment and energy project investment.Electricity is widely used in many fields such as power,lighting,communications,etc.It is an important factor influencing the improvement of economic level and the improvement of people’s welfare.As an important field of capacity cooperation among countries in the "Belt and Road" region,electricity trade Optimal configuration plays a key role.Therefore,it is particularly urgent and important to scientifically analyze the economic impact of power trade in countries along the “Belt and Road”,carefully evaluate the effectiveness of power operations in regional markets,and make recommendations to the government.In this paper,when researching the existing literature,it is found that the current research on power trade is more focused on mature power interconnection networks such as the Western European power market and the North American combined grid system,and there is little research on combining the “Belt and Road” background with power trade.On this basis,based on the perspective of the economic effects of power trade among countries along the “Belt and Road”,this article makes in-depth studies using descriptive statistical analysis and quantitative models.This paper firstly analyzes the world’s power trade pattern,the economic and social development status of the countries in the “Belt and Road” and the status of power supply and demand,the “Belt and Road” power trade status and China’s situation,etc."The economic effects of power trade within the region provide factual evidence.Through analysis,we can see that there are many countries in the" Belt and Road "region,and the level of economic development and social development are uneven.Compared with the more mature power interconnection networks,there is much room for improvement in the region ’s power trade volume,number of grid nodes,and grid stability,and China ’s participation in it is not high.The potential of trade is huge,and electricity trade will alleviate energy mismatches and help achieve sustainable high-quality development of the entire region.On this basis,this paper conducts an empirical study on the economic effects of electricity trade in the “Belt and Road” region.In terms of evaluation of economic effects,considering the difference between the heavy industry-oriented and resource-oriented development models of African and South American countries,the export-oriented economic development model of East Asian countries that focus on the transformation and upgrading of export structure can make better use of the advantages of late-developing countries.This is an excellent example of the economic development of the “Belt and Road” countries.Therefore,in addition to examining the economic effects of economic growth,this article also needs to examine whether the electricity trade has promoted the national economic development model of the “Belt and Road” region through the export quality of a country.Export rebirth has been upgraded to an export-oriented stride with the main features.In the part of power trade and economic growth,this article analyzes the impact of power trade on economic growth from a theoretical perspective by reviewing the basic theory of international trade and building a general equilibrium model of microeconomics that includes producer surplus and consumer surplus.The total value is used as an explanatory variable for empirical model estimation,and finally proves that electricity trade has become one of the important factors that promote economic growth.In the part of power trade and export quality upgrade,this paper analyzes the theoretical mechanism of power shortage on industrial production,and proposes a modified Cobb-Douglas form of enterprise production function model and Melitz(2003)model combined power trade model.Based on this,a fixed-effect panel regression model with export technical complexity as the explanatory variable is constructed.Draw conclusions from both theoretical and empirical perspectives: Electricity trade improves the productivity of enterprises,promotes the upgrading of export quality,and optimizes the path of national economic development by making up for the shortage of production factors caused by electricity shortage.Based on the above conclusions,this article proposes overall,proactive,and mutually beneficial policy recommendations on how to improve the scale and quality of electricity trade in the “Belt and Road” region to better serve the economic development of countries in the region,such as building electricity trade Top-level design,establishment of power trade standard system,creation of multi-party participation in power trade,and sharing of benefits.