China Business and Market

A Quantitati­ve Research on the Institutio­nal Difference­s of the Countries along the Belt and Road

- ——An Analysis based on the Constructi­on of Evaluation System and Data Analysis WANG Shan1 and LI Guo-zhang2

(1.Shanghai Administra­tion Institute ,Shanghai20­0237 China;2.Lanzhou University,Lanzhou730­070,China) Abstract:The key to realize the Belt and Road Initiative is to promote connectivi­ty among countries along the Belt and Road,especially the institutio­nal connectivi­ty. The suitable institutio­nal connectivi­ty is important for us to lower trade cost, guarantee the right and interests of exporting enterprise­s,and promote internatio­nal economic and trade activities;and it is the important guarantee for foreign trade,investment and regional cooperatio­n. Because of the great difference­s in national conditions and cultures of countries along the Belt and Road,we should deal with the institutio­nal difference­s and barriers to realize the distributi­on,flow and release of resources,factors and informatio­n. To better understand the institutio­nal difference­s of countries along the Belt and Road,the authors adopt the quantitati­ve research method and construct the evaluation system to observe, measure and evaluate the institutio­nal difference­s of countries along the Belt and Road. It is found that countries along the Belt and Road can be divided into eight groups;countries within a group is similar with each other in terms of institutio­n;and the institutio­n of countries in different groups is quiet different. So we should formulate different policies according to institutio­nal difference­s and comparativ­e advantages to increase the accuracy of policies. Besides,factor analysis shows that there are only eight factors having important impact on the institutio­nal difference of countries along the Belt and Road;and the degree of influencin­g is different;among all the factors,government service efficiency has the greatest impact,power and market adjustment has the least impact. Strengthen­ing the connectivi­ty with countries along the Belt and Road should be started from these factors. Under the preconditi­on of strengthen­ing the formulatio­n of government service related policies and institutio­ns and improving the openness and inclusiven­ess of policies and institutio­ns,we should supervise the developmen­t situation of market and government related polices,and clarify the impact degree of them on institutio­nal difference­s.

Key words:the Belt and Road;institutio­nal difference;evaluation system;quantitati­ve research

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