Research Article

Systems Evaluation for Operational Risks of International Transport Corridors: A Case Study of China-Pakistan-Iran-Turkey International Transport Corridor

Table 1

The operational risk indicators and their data sources.

CategoriesRisk factorsVolume of the indexSourcesSeries

Political risks Government capacityPolitical system stability index0–100, reversalWGI01
Validity of government index0–100, reversalWGI02
State legitimacy1–10, reversalFSI03
Military intervention0–6, positiveICRG04
Corruption risksCorruption perception index0–100, positiveINFORM
ICRG
05
Diplomatic risksForeign exchange and cooperation index0–10, reversalEFW06
Extern intervention index0–10, positiveFSI
ICRG
07

Economic risks Development levelEconomic disequilibrium index0–10, positiveFSI08
Income gini coefficient0–100, positiveINFORM09
Economic volatilitypositiveWDI
CEIC
10
Trade risksEconomic freedom of the world index0–100, reversalWDI
CEIC
11
Net barter terms of trade index0–2000, reversalWDI12
Inflation riskInflation ratepositiveWEO13
Financial risksCapital account opennessreversalBloomberg14
Unemployment riskUnemployment rate0–100, positiveWEO15

Social risks Internal conflictGCRI conflict index0–10, positiveIFORM16
Religious tensions0–10, reversalICRG17
Ethnic tensions0–10, reversalICRG18
Security and protectionSafety index0–100, reversalNUMBEO19
Crime indexpositiveUNODC20
Social resilienceEnvironmental policy1–10, reversalBTI21
Labor regulation0–10, reversalEFW22
Rule of law0–100, reversalWGI23
Cultural risksCulture conflict0–10, positiveGEERT
HOFSTEDE
24

Security risks Violent conflictViolent conflict probability score0–1, positiveINFORM25
Terrorism risksTerrorism index0–10, positiveGTI26

Technical risks Natural risksNatural disasters0–10, positiveINFORM27
Connected stateInfrastructure0–10, positiveINFORM28
Road density0–10, positiveINFORM29
Technical capacityCoping capacity0–10, positiveINFORM30