Free Trade Agreement and Chinese International Trade

Abstract

Abstract:

The effects of FTA on Chinese economy are more and more significant. This paper theoretically and empirically analyzes the effects of FTA on Chinese international trade. From the theoretical aspect, this paper focuses on the external influences of FTA, which are divided into trade creation and trade diversion effects. From the empirical aspect, we apply the gravity model used by scholars and se-lect China's trade data from 2003 to 2012 to test the relevant hypotheses. By applying the static panels and dynamic panels, we conclude that trade diversion effects of FTA are greater than trade creation effects. What's more, the effects of FTA on Chinese foreign trade are decreasing as time goes by.

Key words: FTA, gravity model, trade effect

Wang Changrong, Wang Yuanyue. Free Trade Agreement and Chinese International Trade[J]. , 2018, 30(2): 52-60.

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