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We use Global Innovation Index data from 2013 to 2022 to study the impact of China's "Special Plan for Scientific and Technological Innovation Cooperation in the Construction of the Belt and Road" (STIC) policy on per capita gross domestic product (PGDP) of countries along the route. The results show that the STIC policy increases PGDP through continuously promoting technological progress. For countries with low human capital and countries with low technological capabilities, the impact of the policy is more obvious. Our study provides a new perspective for exploring the economic effects of the Belt and Road Initiative.
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Yueyou Xin (2024) studied this question.
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