Market Development and Policy for One Belt One Road

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].

Cover image
Title page
Table of Contents
Copyright
Contributors
Chapter 1: An introductory overview of the Belt and Road Initiative studies
Abstract
Chapter 2: China's Belt and Road Initiative: Quantifying the causal relationship between maritime connectivity and global trade
Abstract
Acknowledgments
1: The Belt and Road Initiative's role in improving transport connectivity and trade
2: Literature review
3: Extended gravity model for B&R countries’ exports
4: Data analysis and results
5: Discussion and policy implications
6: Conclusions for market development
References
Chapter 3: China's recent railway developments and policy reforms
Abstract
1: Introduction
2: Recent railway developments in China
3: China's HSR developments
4: Conclusions and future research
References
Chapter 4: Effects of the “Belt and Road” initiative on the cruise industry
Abstract
1: Introduction
2: Overview of BRI
3: Cruise policy in BRI
4: Exploring the cruise market along BRI
5: Identifying and evaluating the possible cruise itinerary along BRI
6: Conclusion
References
Chapter 5: The investment efficiency of overseas ports: Three macroscopic factors
Abstract
1: Introduction
2: Overview of Chinese overseas port investment
3: Three port case studies
4: Conclusion
References
Chapter 6: Impacts of air transport subsidies on landlocked developing countries’ connectivity under the “One Belt One Road” initiative
Abstract
Acknowledgments
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
5: Obligation to support LLDCs’ air connectivity: Five key reasons
6: Air transport improves connectivity and eradicates landlockedness
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 transport subsidies
9: Conclusion
References
Chapter 7: Collusive pricing detection in ocean container transport: A case study of Maritime Silk Road
Abstract
Acknowledgments
1: Introduction
2: Literature review
3: Collusion detection model
4: Analysis of the collusive pricing solutions
5: Case study
6: Discussion and policy implications
7: Conclusion
Appendix A
Appendix B
References
Chapter 8: An infrastructure investment game: Or, why the belt and road initiative can represent an equilibrium outcome
Abstract
1: Introduction
2: The model
3: Investment behaviors
4: Oligopoly and import taxes
5: Conclusions
References
Further reading
Chapter 9: High-speed rail and air transport integration in hub-and-spoke networks: The role of airports
Abstract
1: Introduction
2: Literature review
3: Incentives to intermodal cooperation
4: The model
5: Benchmark case: No agreement
6: Air-rail cooperation
7: The role of airports
8: Discussion and concluding remarks
Appendix
References
Chapter 10: On impacts of Pakistan Railways Main Line 1 on “North China-EU” export transit—Taking export transit between Beijing and UK as an example
Abstract
Acknowledgments
1: Introduction
2: Research tools
3: Probability distribution model and parameter analysis of North China-Europe export channel
4: Empirical analysis of the probability distribution model of the North China-Europe export channel
5: Conclusions and emerging directions
References
Index

AC

Achim I. Czerny

Dr. Czerny is the Director of a Bachelor of Business Administration Programme in Aviation Management and Logistics, Coordinator of a Minor Programme in Business Administration, and member of the Belt and Road Centre of the PolyU Business School. Czerny’s research interests cover the full range of topics in transportation economics. His research has been published in Economics of Transportation, Transportation Research Part B, Transportation Research Part A, Journal of Transport Economics and Policy, Canadian Journal of Economics and Journal of Regulatory Economics. He was awarded with the Best Overall Paper Prize of the ITEA Conference on Transportation Economics 2014 (with Anming Zhang) and the Certificate of Excellence in Reviewing from Transportation Research Part B for the year 2013. He is the head of the local organizing committee of the ITEA School and Conference hosted by LMS in 2018, a member of the Scientific Advisory Board of the European Aviation Conference, board member of the German Aviation Research Society (GARS), and co-editor of a GARS book on airport slots. He worked as a consultant for the European Commission, the German Federal Network Agency (Bundesnetzagentur) and several German Federal Ministries.

Affiliations and expertise

Associate Professor, Department of Logistics and Maritime Studies (LMS), Hong Kong Polytechnic University, Hong Kong

XF

Xiaowen Fu

Dr. Xiaowen Fu is an editor of the Elsevier journal Transport Policy and associate editor of the book series “Advances in Airlines Economics”. His main research area is transport economics which covers issues such as competition policy and government regulation, efficiency benchmarking, transport demand modelling and industrial organization. He has been the principal investigator of 16 research grants and published close to 50 journal articles. He has been the guest editor of 5 journal special issues, and organized more than 6 major international conferences in the capacity of conference chair. He is on the editorial boards of three journals including Transportation Research – Part B, Part E. Dr. Fu has provided advisory and economic modeling services to organizations such as the Boeing Commercial Aircraft, New Zealand Commerce Commission, Australian Competition and Consumer Commission, Government of British Columbia in Canada, Australian Competition Tribunal, Hong Kong Civil Aviation Department, Hong Kong Transport and Housing Bureau, Japan Rail (East), and OECD. He is the Vice President (Research) of the Air Transport Research Society (ATRS), Vice President (Research) of the Institute for Aviation (UK), founding chair of the Maritime Economy and Policy stream of the World Transport Convention.

Affiliations and expertise

Associate Professor of Aviation and Maritime, Institute of Transport and Logistics Studies, University of Sydney Business School, University of Sydney, Australia

PL

Paul Lee

Paul holds a PhD from Cardiff University, UK, followed by degrees of BEng, MBA, and Master of Economics. Over the three decades he has been affiliated and associated with more than 12 well-known universities in the world, among others, including Visiting Professor at the Faculty of Economics and Politics in Cambridge, University of Plymouth, Dalian Maritime University, Hong Kong Polytechnic University, Chulalongkorn University, Soochow University (Taiwan), , Nanyang Technological University in Singapore. Professor Lee has extensive academic and field experiences in maritime transportation and logistics as academic researcher, consultant, economic adviser, and policymaker for several governments as well as public and private sectors. He has published 6 books by Palgrave, Ashgate, Avebury, and more than 190 papers. He also edited 18 special issues of international journals as guest editor and guest co-editor, such as Transportation Research Part D & Part E, Transport Reviews, Journal of Transport Geography, Maritime Policy & Management, International Journal of Logistics: Research and Applications, International Journal of Shipping and Transport Logistics, and Growth and Change. Paul is currently co-editing Transportation Research Part E, Transport Reviews, Journal of Transport Geography, and Maritime Policy & Management regarding the One Belt One Road issue. He contributed to Lloyd’s List for 1997-2001 as a monthly columnist, and Editor-in-Chief of the Journal of Korean Shipping and Logistics and Journal of Marine Transport Policy Studies. He is Editor-in-Chief of Journal of International Logistics and Trade, an associate editor of the Transportation Research Part E: Logistics and Transportation Review and Journal of Shipping and Trade, and IAME Magazine. He is also an editorial board member of several international journals. Professor Lee was a founding member of Asian Logistics Round Table (ALRT founded in 2007) and International of Association Maritime Economists (IAME founded in 1992), and served as President of Marine Transportation Policy Foundation under the Ministry of Maritime Affairs and Fisheries of the Korean Government, and Secretary-General and co-opt vice-president of IAME.

Affiliations and expertise

Director, Institute of Maritime Logistics, Ocean College, Zhejiang University, China

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Achim I. Czerny

Xiaowen Fu

Paul Lee