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Affiliation(s)

Eastern Mediterranean University (EMU), Famagusta, TRNC

ABSTRACT

This study looks at how the Belt and Road Initiative (BRI) has affected the economic convergence of the Central Asian Turkic Republics, China, Pakistan, and their major diplomatic partners in the Silk Road region. Using beta and sigma convergence models over a predetermined time frame, the research evaluates economic alignment trends statistically and looks into how trade openness, FDI, and human capital affect the convergence process. The research attempts to discover larger causes of convergence, such as institutional quality and geopolitical closeness, by combining econometric analysis with regional economic dynamics. The purpose of the results is to provide policy suggestions that will improve equitable and sustainable economic convergence inside the Silk Road circle, promoting international cooperation and growth.

KEYWORDS

economic convergence, Silk Road, beta and sigma convergence models, foreign direct investment (FDI), trade transparency, human capital development

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