The Impact of China’s Belt and Road Initiative on Farmer’s Income: Evidence from Sverdlovsk Region

Abstract

The purpose of this study is to Economic impact of the Belt and Road initiative on agricultural business and the role of the Russian government, in the case of the Sverdlovsk region, Russia. This study is based on quantitative research methods where primary data was collected through questionnaires while secondary data was obtained through verified data from a related project. The study was conducted for 6 months in the Sverdlovsk region, Russia, and included 120 participants. The researcher had previously compiled and considered 60 key questions in Russian in Sverdlovsk region. Demographic analysis of agro-entrepreneurs in the Sverdlovsk region shows that the majority are experienced people, mainly women and married, which indicates a family-oriented approach to agriculture. The outcomes also showed the region's attraction to foreign investors which shows Chinese investments in various economic sectors of the Sverdlovsk region, particularly in the machinery and equipment sector, which may have further boosted agricultural growth. BRI has played a crucial role in boosting the agricultural economy in the Sverdlovsk region and Russia as a whole by facilitating productivity, market access, and technological advancement, thereby driving the sector's growth and competitiveness.