首页|The Impact of High-standard Free Trade Areas on the Diversification of China's Export Products:Expanding Market or Intensifying Competition?
The Impact of High-standard Free Trade Areas on the Diversification of China's Export Products:Expanding Market or Intensifying Competition?
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NETL
NSTL
万方数据
In the context of China's efforts to establish a global network of free trade areas and diversify its export products,this study explores the impact of trade agreement depth on China's export diversification.Building upon a trade model with multiproduct firms,we discover that the effect of trade agreement depth on export diversification is multifaceted,depending on the relative magnitude of the"market expansion effect"and the"competition intensification effect."Through empirical analysis of China's exports to 132 countries(or regions)from 2000 to 2015,we find that the deepening of trade agreements affected China's export diversification negatively.This negative correlation was predominantly due to the similarity in comparative advantages betveen China and its trade partners,leading to the"competition intensification effect"overshadowing the"market expansion effect."We also note that"natural"agreements,when deepened,were more likely to affect China's export diversification adversely than their"non-natural"counterparts.Moreoven as export diversification increased,the marginal impact of deepening trade agreements exhibited an inverted U-shaped trajectory.
NETL
NSTL
万方数据
