Innovation Economics and Management Research (IEMR)

Publisher:ISCCAC

Key Driving Forces Identification of High-quality Development of Foreign Trade in the Context of "Ice Silk Road"
Authors

Dan Liu, Bing Yang, Yutong Zhao, Haiyan Wang, Yuanjun Wang, Bei Zeng

Corresponding Author

Dan Liu

Publishing Date

14 June 2023

Keywords

High-quality development of foreign trade, Key driving forces identification, Structural equation model, Ice Silk Road.

Abstract

With China's rapid progress, the goal of China's economic development has changed from "high speed" to "high quality". Accordingly, foreign trade should also pursue further "high-quality development" and explore ways and measures to achieve high-quality development. This paper constructs a structural equation model for high-quality development of foreign trade from four dimensions: trade competitiveness, new forms of foreign trade, trade facilitation and green trade construction. Combining the "Ice Silk Road" initiative, it identifies the key drivers of high-quality development of foreign trade in Jilin Province, China. The results show that trade facilitation brought about by trade system innovation is the biggest driving force for promoting the high-quality development of foreign trade in Jilin Province, China, and new forms of foreign trade formed by the development of cross-border e-commerce cannot be ignored.

Copyright

© 2023, the Authors. Published by ISCCAC

Open Access

This is an open access article distributed under the CC BY-NC license