futao lu - Academia.edu (original) (raw)
Papers by futao lu
China & World Economy, 2022
Journal of Global Information Management, 2021
Cross-border e-commerce has gradually expanded in international trade markets over the past decad... more Cross-border e-commerce has gradually expanded in international trade markets over the past decades. This paper analyzes the determinants of the volume of cross-border e-commerce in a gravity model framework. Moreover, the paper explores the role of internet popularity and finds a significant promotion effect on the volume of cross-border e-commerce. Furthermore, by utilizing cross-border express delivery data, the analysis indicates a significant difference in the impacts of the determinants between the aggregate and consumer levels and provides an important addition to the literature on e-commerce and international trade.
China Economic Review, 2020
In this paper, we use difference-indifferences estimation to examine the effect of the Belt and R... more In this paper, we use difference-indifferences estimation to examine the effect of the Belt and Road Initiative on China's export potential to the countries along the Belt and Road routes. The results show that China's export potential to the Belt and Road countries rose significantly after the initiative began, especially for exports of products in capital intensive industries. We also distinguish between different regions and find a much stronger effect for countries in the Association of Southeast Asian Nations and West Asia. 1. Introduction China's One Belt One Road Initiative (also officially referred to as the Belt and Road Initiative, or the B&R Initiative), one of the biggest stories in Asian business, is an economic and diplomatic program that could transform trade (Ngai et al., 2016). The B&R Initiative was begun by Xi Jinping, the President of China, in September and October 2013. The initiative immediately attracted close attention from all over the world. An important feature of the B&R Initiative is that it supports the free trade regime and the world economy in the spirit of open regional cooperation. It aims to encourage the countries along the "Belt and Road" to achieve economic policy coordination and carry out broader and more in-depth regional cooperation. 1 A large body of literature has discussed the economic and political impacts of the B&R Initiative, and most of the studies agree that trade and investment are the two major economic tasks of the initiative (e.g., Cheng, 2016; Huang, 2016). After more than 30 years of remarkably fast economic growth, China's economy has slowed in recent years. The country has a high rate of overcapacity in the manufacturing sector, especially in heavy industries such as steel, cement, and aluminum, mainly due to the declining domestic and overseas demand, largely from developed economies. Although China cut more than 1.2 million jobs in 2016 and 2017 to deal with manufacturing overcapacity, expanding overseas demand, that is, expanding exports, is thought to be one of the most effective and immediate ways to sustain the country's further economic growth. Through the B&R Initiative, China is leveraging its own capital to get involved in helping other countries, specifically the countries along the B&R routes (B&R countries) to become wealthier, in part so that they can import Chinese products (CNN report, May 12, 2017). There are several intuitive channels through which the initiative can expand China's exports to the B&R countries
China & World Economy, 2022
Journal of Global Information Management, 2021
Cross-border e-commerce has gradually expanded in international trade markets over the past decad... more Cross-border e-commerce has gradually expanded in international trade markets over the past decades. This paper analyzes the determinants of the volume of cross-border e-commerce in a gravity model framework. Moreover, the paper explores the role of internet popularity and finds a significant promotion effect on the volume of cross-border e-commerce. Furthermore, by utilizing cross-border express delivery data, the analysis indicates a significant difference in the impacts of the determinants between the aggregate and consumer levels and provides an important addition to the literature on e-commerce and international trade.
China Economic Review, 2020
In this paper, we use difference-indifferences estimation to examine the effect of the Belt and R... more In this paper, we use difference-indifferences estimation to examine the effect of the Belt and Road Initiative on China's export potential to the countries along the Belt and Road routes. The results show that China's export potential to the Belt and Road countries rose significantly after the initiative began, especially for exports of products in capital intensive industries. We also distinguish between different regions and find a much stronger effect for countries in the Association of Southeast Asian Nations and West Asia. 1. Introduction China's One Belt One Road Initiative (also officially referred to as the Belt and Road Initiative, or the B&R Initiative), one of the biggest stories in Asian business, is an economic and diplomatic program that could transform trade (Ngai et al., 2016). The B&R Initiative was begun by Xi Jinping, the President of China, in September and October 2013. The initiative immediately attracted close attention from all over the world. An important feature of the B&R Initiative is that it supports the free trade regime and the world economy in the spirit of open regional cooperation. It aims to encourage the countries along the "Belt and Road" to achieve economic policy coordination and carry out broader and more in-depth regional cooperation. 1 A large body of literature has discussed the economic and political impacts of the B&R Initiative, and most of the studies agree that trade and investment are the two major economic tasks of the initiative (e.g., Cheng, 2016; Huang, 2016). After more than 30 years of remarkably fast economic growth, China's economy has slowed in recent years. The country has a high rate of overcapacity in the manufacturing sector, especially in heavy industries such as steel, cement, and aluminum, mainly due to the declining domestic and overseas demand, largely from developed economies. Although China cut more than 1.2 million jobs in 2016 and 2017 to deal with manufacturing overcapacity, expanding overseas demand, that is, expanding exports, is thought to be one of the most effective and immediate ways to sustain the country's further economic growth. Through the B&R Initiative, China is leveraging its own capital to get involved in helping other countries, specifically the countries along the B&R routes (B&R countries) to become wealthier, in part so that they can import Chinese products (CNN report, May 12, 2017). There are several intuitive channels through which the initiative can expand China's exports to the B&R countries