The Impact of Financial Development on European Participating Countries under the "Belt and Road" Initiative
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| Format: | Thesis |
| Kulcsszavak: | European countries finance Import-Export Trade RMB internationalisation The Belt and Road initiative |
| Online Access: | http://dolgozattar.uni-bge.hu/44870 |
| Abstract: | Understanding the \"Belt and Road\" Initiative has been the focus of a large number of research papers. This paper aims at establishing the link between Finance and European participating countries in the \"Belt and Road\" Initiative context. Using the regression analysis method, this work validated the relevance of finance to the European participating countries under the \"Belt and Road\" Initiative. The results showed that import and export trade is a direct factor contributing to the internationalisation of the RMB, and the sensitivity of different European countries to the \"Belt and Road\" Initiative differs, while the effect of FDI on the efficiency of the host country's economic growth is also limited by the level of financial development of the host country. These results suggest that scholars should focus on how to improve financial efficiency and allocation of financial resources in line with national policies, and how to better integrate green finance and sustainable development into the \"Belt and Road\" Initiative. |
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