Journal of World Economic Research

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

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.

DOI 10.11648/j.jwer.20180702.11
Published in Journal of World Economic Research (Volume 7, Issue 2, June 2018)
Page(s) 44-51
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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), 2024. Published by Science Publishing Group

Keywords

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

References
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Author Information
  • Department of International Trade, Nanjing Normal University, Nanjing, China

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    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://download.sciencepg.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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    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.
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