Quantitative analysis reveals effects of Belt and Road Initiative on public debt in participating nations, highlighting governance quality.
This research investigates the impact of China’s Belt and Road Initiative (BRI) on public debt levels in participating countries. Using a panel dataset covering 173 countries across various income groups and regions, we apply quantitative analysis to assess whether BRI involvement is associated with increased sovereign indebtedness. The study incorporates macroeconomic and institutional variables to capture both structural and policy-related dynamics. Our findings suggest nuanced relationships between BRI participation and debt outcomes, highlighting the importance of governance quality, economic structure, and financing terms. The results contribute to the literature on debt sustainability in the context of global infrastructure initiatives and offer evidence-based insights for policymakers considering external development financing
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Hrubšová et al. (2024) studied this question.
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