Market Development and Policy for One Belt One Road

Description

The Belt and Road initiative is marketed by the Chinese government as the “twenty-first century maritime Silk Road” and the “Silk Road economic belt”. The initiative encourages policy coordination, trade facilitation, financial integration, and transport connectivity. The Belt and Road initiative covers at least 65 countries across Asia, Africa, the Middle East, and Europe, involving 70% of the global population, 75% of world energy reserves and 55% of world GNP. Such an initiative is expected to bring significant impacts to the transport and logistics industry in the regions involved. The transport and logistics sector not only directly contributes to the production of transport and logistics services, but also provides essential inputs to other sectors such as tourism, trade, infrastructure investment and management. Therefore, it is important to jointly analyse the implications of the Belt and Road initiative to the transport and logistics sectors, the best strategies and operation practices that the industry can pursue, and the right government policies that should be implemented in relation to the initiative.   This volume will be the first in Elsevier’s China Transportation Series, from series editor Paul Tae-Woo Lee. If you are interested in writing or editing for the series, please contact Dr. Lee: [email protected]. Front Cover Market Development and Policy for One Belt One Road Copyright Contents Contributors Chapter 1: An introductory overview of the Belt and Road Initiative studies Chapter 2: China's Belt and Road Initiative: Quantifying the causal relationship between maritime connectivity and global 1. The Belt and Road Initiative's role in improving transport connectivity and trade 2. Literature review 3. Extended gravity model for B exports 4. Data analysis and results 5. Discussion and policy implications 6. Conclusions for market development Acknowledgments References Chapter 3: China's recent railway developments and policy reforms 1. Introduction 2. Recent railway developments in China 2.1. Overall rail sector developments and major reforms 2.2. China-Euro Railway Express (CR Express) 3. China's HSR developments 3.1. Overall HSR developments 3.2. HSR express freight service 3.3. HSR construction financing 3.4. HSR impact on spatial disparities 4. Conclusions and future research References Chapter 4: Effects of the ``Belt and Road´´ initiative on the cruise industry 1. Introduction 2. Overview of BRI 3. Cruise policy in BRI 3.1. BRI brings new opportunities for China's cruise industry 3.2. Promoting port construction and linking China with other countries 3.3. Strengthening tourism collaboration 3.4. Encouraging cooperation on tourism visas 4. Exploring the cruise market along BRI 5. Identifying and evaluating the possible cruise itinerary along BRI 5.1. Itineraries along the Belt and Road are heating up fast 5.2. An important fulcrum for international cooperation in the Belt and Road: Xiamen 5.3. Costa launched a dream trip to respond positively to the Belt and Road 5.4. Expansion of the international circle of friends with Belt and Road 6. Conclusion References Chapter 5: The investment efficiency of overseas ports: Three macroscopic factors 1. Introduction 2. Overview of Chinese overseas port investment 2.1. Five stages of Chinese overseas port investment 2.2. Who are the investors 2.3. Relevant factors of port investment efficiency 3. Three port case studies 3.1. Port of Piraeus 3.2. Hambantota Port 3.3. Gwadar Port 4. Conclusion References Chapter 6: Impacts of air transport subsidies on landlocked developing countries connectivity under the ``One Bel 1. Introduction 2. The One Belt, One Road initiative: An overview 3. Landlocked developing countries and definitions of landlockedness 4. Key problems and challenges among LLDCs 4.1. Being landlocked 4.2. Insufficient transport infrastructure 4.3. Higher transport costs to access international markets 5. Obligation to support LLDCs air connectivity: Five key reasons 6. Air transport improves connectivity and eradicates landlockedness 6.1. The case of Nepal 7. Rationale for supporting the essential air services of in small communities through air transport subsidies 8. A ``win-win´´ outcome for LLDCs and partner countries benefiting from improved air connectivity resulting from air tra ... 9. Conclusion Acknowledgments References Chapter 7: Collusive pricing detection in ocean container transport: A case study of Maritime Silk Road 1. Introduction 2. Literature review 3. Collusion detection model 3.1. Uniform pricing 3.2. Only one pair collusive pricing 3.3. Both pairs collusive pricing 4. Analysis of the collusive pricing solutions 5. Case study 6. Discussion and policy implications 7. Conclusion Appendix A Appendix B Acknowledgments References Chapter 8: An infrastructure investment game: Or, why the belt and road initiative can represent an equilibrium outcome 1. Introduction 2. The model 3. Investment behaviors 3.1. Best capacity responses 3.2. Equilibrium investments 4. Oligopoly and import taxes 4.1. Demand functions 4.2. Equilibrium prices 4.3. Welfare assessment 5. Conclusions References Further reading Chapter 9: High-speed rail and air transport integration in hub-and-spoke networks: The role of airports 1. Introduction 2. Literature review 3. Incentives to intermodal cooperation 4. The model 5. Benchmark case: No agreement 6. Air-rail cooperation 6.1. Traffic volumes 6.2. Landing fee 6.3. Cooperation or competition? 7. The role of airports 8. Discussion and concluding remarks Appendix Equilibrium profits References Chapter 10: On impacts of Pakistan Railways Main Line 1 on ``North China-EU´´ export transit-Taking export tran 1. Introduction 2. Research tools 3. Probability distribution model and parameter analysis of North China-Europe export channel 3.1. Distribution probability of each export channel 3.2. Demand price elasticity of Pakistan channel and its cross-price elasticity to the sea channel 4. Empirical analysis of the probability distribution model of the North China-Europe export channel 4.1. Basic export data of North China-Europe 4.2. Influence of different time preference coefficients λ on route assignment 4.3. Impacts of Pakistani channel freight rate on export route selection 4.4. Impacts of freight rate of Pakistan channel on shipping 4.5. Income analysis of Pakistan and Singapore under the double variable constraint of shipping freight rate and Pakistan ... 5. Conclusions and emerging directions 5.1. Concluding remarks 5.2. Emerging directions Acknowledgments References Index Back Cover