This article mainly studies the impact of the "Belt and Road" initiative on transportation investment in China and ASEAN countries. Using the DID model to verify the "Belt and Road” initiative on transportation investment, through a fixed effect model to verify the relationship between transportation investment and economic growth, and at the same time, a subregional regression of ASEAN countries is carried out to study the impact of transportation investment on countries with different infrastructures. The research results show that the "Belt and Road" initiative has significantly promoted China's transportation investment in ASEAN countries. The implementation of the "Belt and Road" initiative should be continued to promote transportation investment, thereby promoting economic growth. Only when investment in areas with insufficient transportation infrastructure can promote economic growth. On the contrary, investment in areas with complete transportation infrastructure it may also restrain economic growth. In addition, the country's urbanization level, institutional environment, openness level and education expenditure also promote economic growth.

Li Qiuni. Study on the Transportation Investment Effect of the "Belt and Road" Initiative on China and ASEAN Countries. Academic Journal of Humanities & Social Sciences (2024) Vol. 7, Issue 8: 214-226. https://doi.org/10.25236/AJHSS.2024.070834.

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