Impact of trade cost on China-EU agri-food trade

Ling Fang; Shamim Shakur

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Impact of trade cost on China-EU agri-food trade

机译：贸易成本对中欧农产品贸易的影响

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摘要

In this research, we investigate trade costs in relation to China-EU trade in agri-food products during 2001-2015. Major components of trade cost include transportation costs, border-related policy barriers such as tariffs, and local distribution costs. Our results indicate that trade costs between China and EU involving agri-food products, although falling, remain abnormally high. Consequently, we find that trade cost reductions contribute to over half of the overall China-EU trade growth. Our decomposition technique demonstrates that economic growth and trade cost reductions are the key drivers of China-EU trade expansion. Implementation of the Belt and Road Initiative (BRI) would reduce high trade costs to increase EU-China bilateral agricultural trade significantly. This is not fully captured in the gravity models where a static distance is usually used as a proxy to trade cost. The BRI will not reduce the distance, but it will cut transportation and other components of trade cost for China-EU trade.

机译：在这项研究中，我们调查了2001-2015年与中欧农产品贸易相关的贸易成本。贸易成本的主要组成部分包括运输成本，与边境有关的政策壁垒（例如关税）和本地分销成本。我们的结果表明，中国与欧盟之间涉及农产品的贸易成本虽然下降了，但仍然异常高。因此，我们发现贸易成本的降低占中欧贸易总额增长的一半以上。我们的分解技术表明，经济增长和贸易成本降低是中欧贸易扩张的主要驱动力。 ``一带一路''倡议的实施将减少高额的贸易成本，从而显着增加中欧双边农业贸易。这在重力模型中无法完全捕获，重力模型通常使用静态距离作为交易成本的代理。 BRI不会缩短距离，但会减少中欧贸易的运输和其他贸易成本。

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来源
《Journal of Chinese Economics and Business Studies》 |2018年第3期|259-274|共16页
作者
Ling Fang; Shamim Shakur;
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作者单位

Business and Economic Studies of East Asia, University Duisburg-Essen, Germany;

School of Economics and Finance, Massey University, Palmerston North, New Zealand;

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正文语种 eng
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关键词
Trade cost; belt and road initiative; China-EU agricultural trade; gravity model; trade diversion;

机译：交易成本;一带一路倡议;中欧农产品贸易;重力模型贸易转移;

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1. Firms, markets and trade costs: access of French exporters to European agri-food markets. [J] . Chevassus-Lozza E, Latouche K. European Review of Agricultural Economics . 2012,第2期

机译：企业，市场和贸易成本：法国出口商进入欧洲农业食品市场的途径。
2. Firms, markets and trade costs: access of French exporters to European agri-food markets [J] . Emmanuelle Chevassus-Lozza†‡ and Karine Latouche*† European Review of Agricultural Economics . 2012,第2期

机译：企业，市场和贸易成本：法国出口商进入欧洲农产品市场的途径
3. Trade Implications of the Transatlantic Trade and Investment Partnership for Poland’s Agri-Food Trade [J] . Jan Hagemejer, Jan Jakub Micha?ek, Karolina Pawlak Central European Journal of Economic Modelling and Econometrics . 2021,第1期

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4. Based on gravity trade model and Linder Hypothesis: An empirical application to China-EU trade flows [C] . Zhou Jian 2011 International Conference on Business Management and Electronic Information . 2011

机译：基于引力贸易模型和林德假说：对中欧贸易流的经验应用
5. The impact of trade costs in Indonesian agri-food sectors: An interregional CGE analysis. [D] . Rum, Irlan Adiyatma. 2011

机译：印度尼西亚农业食品部门贸易成本的影响：区域间CGE分析。
6. Trade Impacts on Embodied Carbon Emissions—Evidence from the Bilateral Trade between China and Germany [O] . Jiajia Li, Abbas Ali Chandio, Yucong Liu 2020

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机译：我们在限价订单簿中开发了冰山订单执行的顺序交易模型。 Iceberg-trader可以自由地揭露他的交易意图，或者（部分）屏蔽其他市场参与者的真实订单规模。订单暴露最终会导致市场反应激烈（“市场影响”），导致交易成本上升。另一方面，冰山交易员在隐藏他的意图时面临优先权损失，因为大多数电子限价订单都会惩罚隐藏流动性的使用。因此，冰山商人面临着找到正确权衡的问题。我们的模型为限额订单市场中的冰山交易者提供了最佳的风险敞口策略。特别是，我们提供了一系列分析性陈述，这些陈述与最近关于交易者暴露策略决定因素的实证研究结果一致。在此框架下，我们还研究了市场影响以及限价订单的市场影响。我们为来自美国标准普尔500指数的一系列高科技股票提供最佳曝光配置文件，以及它们如何随着本书的规模扩展。我们最终根据极限订单测试了冰山的表现，发现冰山订单可以显着提升贸易业绩高达60％。

Impact of trade cost on China-EU agri-food trade

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