China’s bulk commodity exports, product spatial correlation and the increasing of comparative advantages of the export products of the countries along the Belt and Road
(2.School of International Business, Southwestern University of Finance and Economics)
【Abstract】The trade between China and the countries along the Belt and Road not only provides platforms and opportunities for China’s bulk commodity industry to participate in the competition of the world market, but also creates new opportunities for the economic development for the countries along the Belt and Road. From the perspective of product space structure, this paper investigates the influence of China’s import of bulk commodities from the countries along the Belt and Road on the comparative advantages of these countries’ product export. The research results show that the closer a country's certain products to China’s import of bulk commodities from this country is, and the more China’s import of bulk commodities from that country is, the greater the revealed comparative advantage of the country’s product for the next period will be. Compared with exporting bulk commodities to other countries in the world, exporting bulk commodities to China by countries along the Belt and Road is more conducive to the improvement of the comparative advantages of their export products.
【Keywords】 the Belt and Road Initiative; comparative advantage; bulk commodities; product space;
(Translated by DUAN yinhong)
. (1) Because the research object of this paper is the comparative advantage of the products of the countries along the Belt and Road, the comparative advantage of the countries along the route is mainly reflected as the export of resource products. According to the HK theory, the products that are closer to the products with comparative advantages are easier to obtain comparative advantages, and if a country expects to have revealed comparative advantages in products, the country must have suitable resources and the ability to produce products and export. Thus, this paper chooses to use exported bulk commodities as the representatives of products with comparative advantages. For products that are not exported, most comparative advantage values may be relatively low. In the case of similar proximity, enterprises producing new products should preferentially choose the production technology of products with comparative advantages to imitate. Thus, this paper believes that the influence of products that are not exported on product proximity to product comparative advantages should be small or even negligible.
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