Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity

Li Kexin

doi:doi:10.11648/j.jwer.20180702.11

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Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity

Li Kexin

Published in Journal of World Economic Research (Volume 7, Issue 2)

Received: 30 March 2018 Accepted: 27 April 2018 Published: 18 May 2018

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Abstract

The bilateral trade flow data in this paper is a collection of the 35 countries along "The Belt and Road" from 1995 to 2014. After getting the national trade efficiency and trade potential estimation, heterogeneous panel cointegration estimation methods (FMOLS and PDOLS) are used to analyze the influencing factors of trade efficiency and trade potential from three aspects: trade diversification, trade concentration and trade complementarity index. The lower the degree of trade diversification and the higher the degree of trade centralization are, the greater the potential of the country's trade is；the lower the degree of trade diversification and the higher the degree of trade centralization are, the more trade efficiency of the country is; for the bilateral trade volume, the higher the degree of trade complementarity between the two countries is, the greater the trade potential and trade efficiency between them is.

Published in	Journal of World Economic Research (Volume 7, Issue 2)
DOI	10.11648/j.jwer.20180702.11
Page(s)	44-51
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Trade Potential, Trade Efficiency, Trade Diversification, Trade Concentration, Trade Complementarity

References

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[4]	Battese G E, Corra G S. Estimation of a Production Frontier Model: With Application to the Pastoral Zone of Eastern Australia [J]. Australian Journal of Agricultural & Resource Economics, 1977, 21(3):169-179.
[5]	Chen L, Lombaerde P D, Cuyvers L. Markets Matter: The Potential of Intra-Regional Trade in ASEAN and Its Implications for Asian Regionalism [J]. Asian Economic Papers, 2017, 16(2):1-19.
[6]	Chuanglian Chen. Factors of Global trade efficiency and trade potential and influence analysis [J]. International Trade Issues, 2016, (07): 27-39.
[7]	Geda A, Seid E H. The potential for internal trade and regional integration in Africa [J]. Journal of African Trade, 2015, 2(1-2):19-50.
[8]	K. Kalirajan. Stochastic varying coefficients gravity model: An application in trade analysis [J]. Journal of Applied Statistics, 1999, 26(2):185-193.
[9]	Kao C, Chiang M H. On the estimation and inference of a cointegrated regression in panel data [J]. Advances in Econometrics, 1999, 15(1):109--141.
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APA Style

Li Kexin. (2018). Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. Journal of World Economic Research, 7(2), 44-51. https://doi.org/10.11648/j.jwer.20180702.11

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ACS Style

Li Kexin. Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. J. World Econ. Res. 2018, 7(2), 44-51. doi: 10.11648/j.jwer.20180702.11

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AMA Style

Li Kexin. Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. J World Econ Res. 2018;7(2):44-51. doi: 10.11648/j.jwer.20180702.11

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@article{10.11648/j.jwer.20180702.11,
  author = {Li Kexin},
  title = {Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity},
  journal = {Journal of World Economic Research},
  volume = {7},
  number = {2},
  pages = {44-51},
  doi = {10.11648/j.jwer.20180702.11},
  url = {https://doi.org/10.11648/j.jwer.20180702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20180702.11},
  abstract = {The bilateral trade flow data in this paper is a collection of the 35 countries along "The Belt and Road" from 1995 to 2014. After getting the national trade efficiency and trade potential estimation, heterogeneous panel cointegration estimation methods (FMOLS and PDOLS) are used to analyze the influencing factors of trade efficiency and trade potential from three aspects: trade diversification, trade concentration and trade complementarity index. The lower the degree of trade diversification and the higher the degree of trade centralization are, the greater the potential of the country's trade is；the lower the degree of trade diversification and the higher the degree of trade centralization are, the more trade efficiency of the country is; for the bilateral trade volume, the higher the degree of trade complementarity between the two countries is, the greater the trade potential and trade efficiency between them is.},
 year = {2018}
}

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TY  - JOUR
T1  - Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity
AU  - Li Kexin
Y1  - 2018/05/18
PY  - 2018
N1  - https://doi.org/10.11648/j.jwer.20180702.11
DO  - 10.11648/j.jwer.20180702.11
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 44
EP  - 51
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20180702.11
AB  - The bilateral trade flow data in this paper is a collection of the 35 countries along "The Belt and Road" from 1995 to 2014. After getting the national trade efficiency and trade potential estimation, heterogeneous panel cointegration estimation methods (FMOLS and PDOLS) are used to analyze the influencing factors of trade efficiency and trade potential from three aspects: trade diversification, trade concentration and trade complementarity index. The lower the degree of trade diversification and the higher the degree of trade centralization are, the greater the potential of the country's trade is；the lower the degree of trade diversification and the higher the degree of trade centralization are, the more trade efficiency of the country is; for the bilateral trade volume, the higher the degree of trade complementarity between the two countries is, the greater the trade potential and trade efficiency between them is.
VL  - 7
IS  - 2
ER  -

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Author Information

Li Kexin

Department of International Trade, Nanjing Normal University, Nanjing, China

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APA Style

Li Kexin. (2018). Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. Journal of World Economic Research, 7(2), 44-51. https://doi.org/10.11648/j.jwer.20180702.11

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ACS Style

Li Kexin. Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. J. World Econ. Res. 2018, 7(2), 44-51. doi: 10.11648/j.jwer.20180702.11

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AMA Style

Li Kexin. Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity. J World Econ Res. 2018;7(2):44-51. doi: 10.11648/j.jwer.20180702.11

Copy | Download

@article{10.11648/j.jwer.20180702.11,
  author = {Li Kexin},
  title = {Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity},
  journal = {Journal of World Economic Research},
  volume = {7},
  number = {2},
  pages = {44-51},
  doi = {10.11648/j.jwer.20180702.11},
  url = {https://doi.org/10.11648/j.jwer.20180702.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20180702.11},
  abstract = {The bilateral trade flow data in this paper is a collection of the 35 countries along "The Belt and Road" from 1995 to 2014. After getting the national trade efficiency and trade potential estimation, heterogeneous panel cointegration estimation methods (FMOLS and PDOLS) are used to analyze the influencing factors of trade efficiency and trade potential from three aspects: trade diversification, trade concentration and trade complementarity index. The lower the degree of trade diversification and the higher the degree of trade centralization are, the greater the potential of the country's trade is；the lower the degree of trade diversification and the higher the degree of trade centralization are, the more trade efficiency of the country is; for the bilateral trade volume, the higher the degree of trade complementarity between the two countries is, the greater the trade potential and trade efficiency between them is.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - Trade Potential and Efficiency of the Countries Along the B&R: Based on Trade Diversification, Concentration and Complementarity
AU  - Li Kexin
Y1  - 2018/05/18
PY  - 2018
N1  - https://doi.org/10.11648/j.jwer.20180702.11
DO  - 10.11648/j.jwer.20180702.11
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 44
EP  - 51
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20180702.11
AB  - The bilateral trade flow data in this paper is a collection of the 35 countries along "The Belt and Road" from 1995 to 2014. After getting the national trade efficiency and trade potential estimation, heterogeneous panel cointegration estimation methods (FMOLS and PDOLS) are used to analyze the influencing factors of trade efficiency and trade potential from three aspects: trade diversification, trade concentration and trade complementarity index. The lower the degree of trade diversification and the higher the degree of trade centralization are, the greater the potential of the country's trade is；the lower the degree of trade diversification and the higher the degree of trade centralization are, the more trade efficiency of the country is; for the bilateral trade volume, the higher the degree of trade complementarity between the two countries is, the greater the trade potential and trade efficiency between them is.
VL  - 7
IS  - 2
ER  -

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