Deepening of Free Trade Agreements and International Trade: Evidence from China
Deepening of Free Trade Agreements and International Trade: Evidence from China
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DOI：
10.1080/1540496x.2022.2159372
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发表时间：
2022-12
影响因子：
4
通讯作者：
Jun Wang;Chengjuan Liao;Jie Xiong;Chengbo Wang
中科院分区：
文献类型：
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作者：
Jun Wang;Chengjuan Liao;Jie Xiong;Chengbo Wang
摘要自贸协定规则从边界扩展到边界内的“深度”，可以促进成员国之间贸易壁垒的减少。然而，这也可能增加合规成本。因此，本研究基于2005年至2018年中国与21FTA伙伴国的贸易数据，考察了自贸协定的深化对中国进出口贸易的影响。本文引入了自由贸易区深化指数，构建了结构引力模型，并实证应用了PPML估计和工具变量方法。结果表明，自贸协定的深化促进了中国国际贸易的增长，对进口的促进作用大于对出口的促进作用。此外，还进行了国家和产品之间的异质性测试。在此基础上，我们的结果表明，自贸协定的深化对中国从发达国家的贸易进口有更显著的促进作用，对中国对发达国家的出口有更显著的抑制作用。此外，我们还发现，自贸协定的深度对中国农产品贸易的正面影响小于对工业品贸易的正面影响。
ABSTRACT The expansion of FTA rules from the border to the “depth” within the border can promote the reduction of trade barriers between member countries. Yet, this can also increase the cost of compliance. Hence, this research examines the impact of FTA deepening on China’s import and export trade based on the trade data between China and 21FTA partner countries over the period of 2005–2018. This paper introduces the FTA deepening index, constructs a structural gravity model, and empirically applies PPML estimation and instrumental variable methods. The results show that FTA deepening promotes the growth of China’s international trade, and the effect on promoting imports is greater than that of export promotion. Additionally, a heterogeneity test between countries and products is carried out. Based on this, our results reveal that FTA deepening has a more significant promoting effect on China’s trade imports from developed countries and has a more significant restraining effect on China’s exports to developed countries. Furthermore, we demonstrate that the depth of FTA has a less positive impact on China’s agricultural trade than on industrial products.