Research on the Impact of "Financial Differences" between China and Central and Western Asian Countries on Bilateral Trade

DOI

10.2991/edmi-19.2019.90How to use a DOI?

Keywords

Islamic finance, financial differences, bilateral trade, trade gravity model.

Abstract

The construction of “Belt and Road Initiative” cannot be separated from trade cooperation. However, there are qualitative differences between traditional Chinese finance and Islamic finance that are unique to Central and Western countries. In theory, this “financial differences” will hinder the trade cooperation between the two regions. And how strong is this hindrance? Based on this problem, this paper introduces the “financial differences” indicator into the gravity model and combines the relevant data for empirical analysis. The results show that “financial differences” have a significant hindrance effect on bilateral trade between the two regions, and every change of 1 unit of the difference value of “financial differences” will lead to a decrease about 0.4801% of the growth rate on bilateral trade.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Bing Li
PY  - 2019/08
DA  - 2019/08
TI  - Research on the Impact of "Financial Differences" between China and Central and Western Asian Countries on Bilateral Trade
BT  - Proceedings of the 1st International Symposium on Economic Development and Management Innovation (EDMI 2019)
PB  - Atlantis Press
SP  - 545
EP  - 548
SN  - 2352-5428
UR  - https://doi.org/10.2991/edmi-19.2019.90
DO  - 10.2991/edmi-19.2019.90
ID  - Li2019/08
ER  -