“一带一路”区域价值链合作与贸易协定形成_.pdfVIP

Thisisbecauseundertheregionalvaluechaincooperationmodel,countrieswith

poorersystemqualitytendtosignRTAsandincreasethedepthofclauselevelsto

supplementthegapsindomesticsystems,therebyensuringfurthersmooth

cooperation;InthetheBeltandRoadregion,thegreatertheinstitutionalgap

betweeneconomiesengagedinvaluechaincooperation,themoreobvioustheroleof

valuechaincooperationinpromotingtheformationofagreements.Botheconomic,

political,andlegalsystemshaveareverseregulatoryeffectonpromotingregional

valuechaincooperationandtheformationofregionalagreements.Amongthem,the

regulatoryroleofthepoliticalsystemisthemostobvious,followedbythelegal

system,andtheeconomicsystemisthesmallest;Thevaluechaincooperationinthe

Asianregionandacrosscontinentscaneffectivelypromotetheformationofregional

tradeagreements,whiletheeffectintheEuropeanregionisnotsignificant;Fromthe

perspectiveofagreementheterogeneity,thecooperationcanpromotetheformationof

bilateraltradeagreements,buthasnoobviouseffectonmultilateraltradeagreements

withmorecomplexdisputeresolutionmechanismsandinvolvingmultiplecountries.

Theheterogeneityanalysisofthevaluechainshowsthatbothdirectandshallowvalue

chaincooperationcansignificantlypromotetheformationofregionaltrade

agreements,indirectvaluechaincooperationhasaninhibitoryeffectontheformation

ofagreements,whiletheeffectofdeepvaluechaincooperationisnotobvious.

Keywords:TheBeltandRoad;regionalvaluechaincooperation;regionaltrade

agreements;institutionalquality