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| Does The Belt and Road Initiative Increase the Utilization of Industrial Capacity in China |
| Han Yongnan, Wu Xiaoxu, Ge Pengfei, Tian Hongzhi |
| School of Economics and Management,Northwest University,Shaanxi Xi'an 710127,China |
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Abstract Based on the calculation of the dynamic capacity utilization rate of 40 industries in 31 provinces of China,this paper examines the impact of the The Belt and Road initiative on capacity utilization,and investigates heterogeneity and mechanism by using DID method.The study finds that The Belt and Road initiative has not yet shown a significant mitigation effect on China's overcapacity problem,and this negative effect has been more significant in heavy industries and high polluting industries.The government intervention represented by state-owned property rights has further strengthened the suppressing effect of the initiative on the capacity utilization rate,but the promotion of TFP has a positive effect on alleviating overcapacity in these provinces.Enhancing high-productivity enterprises' promoting effects on the production capacity,further clarifying the boundaries between government policy guidance and market allocation resources,and promoting enterprises' TFP growth is fundamental matter for preventing the excess production capacity and steadily promoting The Belt and Road initiative.
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Received: 30 July 2019
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2020, Vol. 1 
