Abstract

Since the proposition of the Belt and Road initiative in 2013, China has been exporting a large amount of capital to Belt and Road participating countries, with a goal to promote deeper regional cooperation, which benefits goods, capital and labour markets. This paper uses the Difference-in-Differences estimation model to measure the effect of the Belt and Road initiative on the employment rates of Belt and Road participating countries. The empirical results show that the Belt and Road initiative has a positive effect on the total employment of these countries. Since the ...