Potential of China's Import Trade of Agricultural Products From ASEAN With Focus on Food Security:Measurement Based on Stochastic Frontier Gravity Model
The most urgent challenges in the realm of global development lie in ensuring food and energy security.The Association of Southeast Asian Nations(ASEAN)is an important source of imported agricultural products for China.Targeted at China's import trade of agricultural products from ASEAN,this paper adopts the stochastic frontier gravity model to investigate the factors influencing its efficiency and measure its potential.It also focuses on the impact of China's food security indicators on the efficiency of the above-mentioned import.The study finds that a significant contribution to the import efficiency brought by food security indicators is only available to plant products but not to agricultural products.However,the interaction of food security and the Belt and Road Initiative has a positive impact on the import of both plant products and agricultural products.On this basis,this paper analyzes the policy implications and divides ASEAN countries into three areas after estimating trade potential:observation area,key area,and core area,and puts forward that China should enhance trade cooperation with countries in the key area.
food securityChina-ASEAN relationsagricultural productstrade potentialstochastic frontier gravity model
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