Empirical Study of the Regional Differences of the Influences of Cultural Distance on Chinese Import-Export Trade
International Journal of Economics, Finance and Management Sciences
Volume 6, Issue 6, December 2018, Pages: 297-305
Received: Oct. 17, 2018;
Accepted: Nov. 14, 2018;
Published: Dec. 20, 2018
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Tian Hui, The School of Business, Central South University, Changsha, China
Song Qing, The School of Business, Central South University, Changsha, China
Chu Tiansi, The School of Public Administration, Central South University, Changsha, China
According to the cultural clustering theory, this paper first classifies 31 countries/regions, China’s close trade partners, into 6 cultural clusters, and then empirically studies the influence of the cultural distance between China and each country within each cluster on Chinese import-export trade with them during 1995–2017. The results are in two aspects: First, there exist differences in the influence of the national cultural distance between China and each country within each cluster on Chinese import-export trade with them. In general, China’s export to each country in different cultural clusters is more susceptible to national cultural distance than its import from it. Second, there are also differences in the influence of the distance on each cultural dimension between China and each country within each cluster on Chinese import-export trade with them, and the influence directions are also different. Inspired by these conclusions, we further classify Chinese trade partners into 2 types: the export-sensitive type and the two-way sensitive type. These findings provide a new policy frame and constructive enlightenment for China to develop its international trade in the new era.
Empirical Study of the Regional Differences of the Influences of Cultural Distance on Chinese Import-Export Trade, International Journal of Economics, Finance and Management Sciences.
Vol. 6, No. 6,
2018, pp. 297-305.
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