Research Article

Evaluation of Chinese Transport Infrastructure Investment Performance in Countries along the Belt and Road Initiative

Table 1

Transport infrastructure investment evaluation system along the BRI.

CatalogFirst-level indicatorsSecond-level indicatorsMeasurementData source

InputPolitical environmentGovernment stability (×1)Government stability from ICRGPSR group
Political relations with China (×2)Number of years that diplomatic relations with ChinaGovernment website
Military in stability (×3)Military in stability from ICRGPSR Group
Economic environmentOpenness (×4)The proportion of a country’s imports and exports to GDPCalculated by data of World Bank
Economic freedom (×5)Economic freedom indexHeritage Foundation
Trade relations with China (×6)The proportion of imports and exports between the country and China in the country’s total imports and exportsCalculated by data of World Bank and China Statistical Yearbook
Monetary freedom (×7)Risk for inflation from ICRGPSR Group
Institutional environmentInvestment promotion policy (×8)Investment profile from ICRGPSR Group
Completeness of law and regulations (×9)Law and orders from ICRGPSR Group
Humanistic environmentHuman development (×10)Human development indexUNDP
Cultural communication (×11)Sum of Confucius Institutes and Confucius Classrooms in host countryConfucius Institutes Annual Development Report
Tourism communication (×12)Proportion of international tourism revenue in exportsWorld Bank
Social environmentTechnical level (×13)Proportion of high-tech exports in total exportsWorld Bank
Informatization level (×14)Individuals using the internet (% of population)World Bank

OutputChina’s outward FDI stock in transport by country and regionChina’s outward FDI stock by country and region multiplied by the proportion of transportation/storage and postal serviceStatistical Bulletin of China’s Outward Foreign Direct Investment