‍Changing bilateral trade between China and countries along the Maritime Silk Road: 1992–2014

YE Liugang1

(1.Lingnan College, Sun Yat-Sen University, Guangzhou, China 510275)

【Abstract】This paper intends to use the trade intensity index, intra-industry trade (IIT) index, export similarity index (ESI) and revealed comparative advantage (RCA) index to study the trade structure, the trade relation closeness, IIT evolution and trade competition among China and the countries along the 21st Maritime Silk Road. The study found that the export structure has been upgraded, the level of trade intensity has changed, and IIT increased initially then decreased between 1992 and 2014. Since 2013 trade competitions have been enhanced and were found in 7 industries out of 66.

【Keywords】 Maritime Silk Road; intra-industry trade (IIT); export similarity; trade competition;

【DOI】

【Funds】 Youth Innovation Talent Project for Guangdong Colleges and Universities (2015WQNCX050) The trade potential and trade promotion research of scientific research project of “Innovation and Strong School Programme” of Guangdong Maritime University (GDOU2015050252)

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(Translated by ZHANG Liping)

    Footnote

    [1]. ① Chen, W. & He C. Reform (改革), (3) (2014). [^Back]

    [2]. ① Quan, Y. Wang, J. & Liu, W. Intertrade (国际贸易), (8) (2014). [^Back]

    [3]. ② Tan, X. & Zhou, M, Journal of International Trade (国际贸易问题), (2) (2015). [^Back]

    [4]. ③ Liao, Z. & Ning, L. On Economic Problems (经济问题), (12) (2015). [^Back]

    [5]. ④ Mao, Y. & Yang, S. International Economics and Trade Research (国际经贸探索), (4) (2015). [^Back]

    [6]. ⑤ Wang, J. & Quang, Y. International Business (国际商务), (6) (2015). [^Back]

    [7]. ⑥ Calculated based on data from the UN Commodity Trade Statistics Database. [^Back]

    [8]. ① The 0–4 primary products are usually classified as resource-intensive products; 6th and 8th industrial products classified as labor-intensive products; 5th and 7th industrial products classified as capital and technology-intensive products in international community. [^Back]

    [9]. ① Some domestic literature adopts M to substitute the denominator (MMi) in Mj/(MMi), and Kojima (1964) thought it is not desirable as the imports (Mi) of country i do not contribute to the export demand of country i, and this approach will bring the index an upward bias. [^Back]

    [10]. [1] Chen, W. & He, C. Reform (改革), (3) (2014). [^Back]

    [11]. [2] Kojima, K., “The pattern of international trade among advanced countries”, Hitotsubashi Journal of Economics, No.1, Vol.5, 1964. [^Back]

    [12]. [3] Grubel, Lloyd, Intra-industry trade: the theory and measurement of international trade in differentiated products, London: Macmillan, 1975. [^Back]

    [13]. [4] Finger, Kreinin, “A Measure of ‘Export Similarity’ and Its Possible Uses”, Economic Journal, No.256, Vol.89, 1979. [^Back]

    [14]. [5] Balassa, B., “Trade Liberation and Revealed Competitive Advantage”, The Manchester School of Economic and Social Studies, No.7, 1965. [^Back]

This Article

ISSN:1008-6099

CN: 44-1124/D

Vol , No. 04, Pages 70-79

July 2016

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Article Outline

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Abstract

  • Preface
  • 1 Trade development between China and the countries along the Maritime Silk Road
  • 2 Trade closeness between China and countries along the route
  • 3 IIT between China and the countries along the route
  • 4 Do China and the countries along the Route compete with each other?
  • Conclusion
  • Footnote