Analysis of the influencing factors of the trade potential between countries along the ‘Belt and Road’ and China: a study based on spatial panel data model

In 2013, China launched a cooperative initiative to build the “Silk Road Economic Belt” and the “21st Century Maritime Silk Road”. Based on the data of import and export trade between 57 countries along the “Belt and Road” and China from 2010 to 2021, this paper conducts research using the spatial Durbin model. The results show that the double fixed-effects model is optimal. The 57 countries along the “Belt and Road” have significant positive spatial spillover effects on trade with China, among which economic development, educational development, and transportation accessibility have significantly promoted trade between the countries along the “Belt and Road” and China.