Foreign Direct Investment, Trade Performance, and Sustainable Development Goals: An Analysis of BRI Selected Countries

Authors

  • Muhammad Taqi School of Economics, Bahauddin Zakariya University, Multan, Pakistan. Author
  • Musarat Abbas Lecturer in Economics, Government of Punjab, Higher Education Department (Colleges), Punjab, Pakistan. Author
  • Muhammad Sibt e Ali School of Business, Zhengzhou University, Henan, China. Author
  • Muhammad Rehan Ashraf School of Economics, Bahauddin Zakariya University, Multan, Pakistan. Author

Keywords:

BRI Economies, FDI, Trade Performance, SDGs 2030

Abstract

Over the last decades, foreign direct investment (FDI) in BRI (Belt and Road Initiative) economies has risen significantly. The study's primary purpose is to establish synergies among the FDI, Trade performance, and SDGs in selected BRI economies from 2009 to 2019. The mandatory theoretical concept is that foreign investment plays a vital role in the trade performance of BRI countries. We in this study empirically test this phenomenon. To accomplish our goal, we analyze the long-run experimental relationship between foreign investment and trade for specific BRI countries, including; China, India, Malaysia, Pakistan, Russia, and Turkey. Econometrics methods including Panel OLS, Random effect as well as GMM techniques are applied for estimation. The result of the study expresses that the role of foreign investment has a mandatory impact on the trade performance of these countries, and it is helpful to achieve the economic growth, infrastructure development, and climate protection Agendas of 2030 sustainable development goals. The milestone of this research should be analyzed as tentative and further work is most desirable.

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("Hinterland patterns of China Railway (CR) express in China under the Belt and Road Initiative: A preliminary analysis," 2018)

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Published

2021-06-30

How to Cite

Foreign Direct Investment, Trade Performance, and Sustainable Development Goals: An Analysis of BRI Selected Countries. (2021). International Research Journal of Management and Social Sciences, 2(1), 50-62. https://irjmss.com/index.php/irjmss/article/view/159

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