Exploring the role of the belt and road initiative in promoting sustainable and inclusive development

Abstract

Sustainable and inclusive development aims to achieve long‐term economic growth while ensuring environmental and social sustainability. This study investigates the significance of the Belt and Road Initiative (B&R) in promoting sustainable and inclusive development in Chinese provinces along its route, considering it a quasi‐natural experiment. To assess the effects, we construct an index system that captures critical dimensions of sustainable and inclusive development. The results reveal that the B&R has positively influenced sustainable and inclusive development in the Chinese provinces along the route. This impact is facilitated through transmission mechanisms such as technological innovation and upgrading industrial structures. However, variations exist between provinces along the Silk Road Economic Belt and those along the Maritime Silk Road, with the former experiencing more pronounced effects. These findings provide a valuable foundation for the government to leverage the B&R and develop comprehensive sustainable, and inclusive development strategies. Furthermore, this study offers insights into promoting high‐quality development in an open economy context.