Influence of the Belt and Road Initiative on the energy trade between China and Latin America

Authors

  • Zheng Haoyu Escuela de Estudios Extranjeros/Centro de Investigación de los Países de la Alianza del Pacífico Universidad de Economía y Comercio Internacional (UIBE) Beijing, China 100029
  • Aymara Gerdel Centro Venezolano de Estudios Chinos (CVEC)/ Facultad de Economía y Ciencias Sociales Universidad Central de Venezuela (UCV) Caracas, Venezuela 1050

DOI:

https://doi.org/10.18002/sin.v2i13.7238

Keywords:

Belt and Road, China, Latin America, exports, energy.

Abstract

Energy is the basis and driving force for the progress of humanity, it is vital for economic
development, for people's lives, and for the national security of countries. This research will analyze
a set of variables that affect the behavior of Latin American energy exports to the People's Republic
of China during the period 2000 -2019 using a log-linear model. The results show that assuming a real
growth of China's gross domestic product (GDP) close to 7% per year, Latin American energy exports
to China would grow by 4% per year on average. Assuming an average annual increase of 5% in China's
energy production, Latin American energy exports to China are estimated to increase by 5.9%. With
respect to energy consumption in China, assuming a 7% increase, it is estimated that energy exports
from Latin America to China would grow by 8.2%. This model also estimates the elasticity of energy
exports according to the behavior of energy prices, China's investment in Latin America and the projects
developed by the Asian country in the region.

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Author Biographies

Zheng Haoyu, Escuela de Estudios Extranjeros/Centro de Investigación de los Países de la Alianza del Pacífico Universidad de Economía y Comercio Internacional (UIBE) Beijing, China 100029

Escuela de Estudios Extranjeros/Centro de Investigación de los Países de la Alianza del Pacífico
Universidad de Economía y Comercio Internacional (UIBE)
Beijing, China 100029

Aymara Gerdel, Centro Venezolano de Estudios Chinos (CVEC)/ Facultad de Economía y Ciencias Sociales Universidad Central de Venezuela (UCV) Caracas, Venezuela 1050

Centro Venezolano de Estudios Chinos (CVEC)/ Facultad de Economía y Ciencias Sociales
Universidad Central de Venezuela (UCV)
Caracas, Venezuela 1050

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Published

2022-02-28

How to Cite

Haoyu, Z., & Gerdel, A. (2022). Influence of the Belt and Road Initiative on the energy trade between China and Latin America. Sinología hispánica. China Studies Review, 2(13), 1–32. https://doi.org/10.18002/sin.v2i13.7238