?Research on national strategy of the Belt and Road: an intra-industry trade perspective

【Author】

FENG Zongxian;JIANG Weijie

【Institution】

Jinhe Center for Economic Research, Xi’an Jiaotong University,;International Economy and Trade Department, Xi’an Jiaotong University,;Jinhe Center for Economic Research, Xi’an Jiaotong University,

【Abstract】

Using the trade statistic data of China and its partners from countries along the Belt and Road, we investigated the intra-industry trade between those countries and its determinants. The results show that: (1) intra-industry trade between China and countries along the Belt and Road are relatively low, which pushes us to build a platform to enhance cooperation and promote intra-industry trade among developing countries; (2) from the regional perspective, the intra-industry trade between China and ASEAN countries are relatively more intense than the other regions in the Belt and Road; (3) among the determinants of intra-industry trade, market size and openness have a positive impact on intra-industry trade, while income per capita and FDI have a significant negative effect on it; (4)the determinants of intra-industry trade varies among different industries. Therefore, we should take full advantage of the Belt and Road initiative to build a self-dominated Global Value Chain, and promote the intra-industry trade among developing countries, which should be an important step towards China’ s new open economic strategy.

【Keywords】

the Belt and Road;intra-industry trade;trade pattern

References

To explore the background and basis of the node document

Springer Journals Database

Total: 20 articles

  • [1] DU Qun-yang MU Fei-xue, An Empirical Study on Effect of Intra-industry Trade on East Asian Business Cycle Co-movement, Journal of International Trade,
  • [2] Hong Ruiling Zhou Jianhua Han Yonghui(Lingnan College,Sun Yat-Sen University), Studies on Intra-Industry Trade in China, Shanghai Journal of Economics,
  • [3] Zhao Fang Li Ji, An Empirical Analysis on Intra-industry Trade between China and Japan and Its Influence Factors, World Economy Study,
  • [4] Liu Jianping Zhang Xingquan, Intra-industry Trade,Differences in Industrial Structure and Sino-US Trade Conflicts, World Economy Study,

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