| Issue |
SHS Web of Conf.
Volume 178, 2023
3rd International Conference on Public Relations and Social Sciences (ICPRSS 2023)
|
|
|---|---|---|
| Article Number | 03013 | |
| Number of page(s) | 4 | |
| Section | Corporate Marketing Strategy and Innovation Development | |
| DOI | https://doi.org/10.1051/shsconf/202317803013 | |
| Published online | 23 October 2023 | |
Institutional quality, infrastructure and economic growth: Evidence from RCEP countries
School of Economics and Management, China Jiliang University, Hangzhou, 310000, China
* Corresponding author: 2012722084@qq.com
Large-scale regional trade agreements have led to a gradual increase in the ease of trade development among countries. The role of geographical distance and other location factors on trade development among countries has gradually diminished, while the institutional conditions of different countries have gradually increased their role on trade development among countries. Given the development process of the RCEP agreement, this study uses panel data from 2011-2021 and explores the mechanism of the institutional quality of RCEP countries affecting China’s import and export trade with them based on a gravity model. In addition, this study explores the level of infrastructure in mediating the effect of the process. It is found that the institutional quality of RCEP countries has a substantial impact on China’s import and export transactions with them. In addition, infrastructure plays a fully mediating effect in the process. Therefore, bilateral trade can be promoted by upgrading the institutional environment, infrastructure development and optimising the business environment.
© The Authors, published by EDP Sciences, 2023
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