Re-estimation of China-EU trade balance

Re-estimation of China-EU trade balance
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中欧贸易差额重新估算

DOI:
10.1016/j.chieco.2019.01.008
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发表时间:
2019-04-01
影响因子:
6.8
通讯作者:
Chen, Xikang
Chen, Xikang
中科院分区:
经济学2区
文献类型:
--
作者:
Jiang, Xuemei;Kong, Yishu;Chen, Xikang

文献摘要

被引文献

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而中美之间的差异。贸易顺差问题已被学者和政策制定者深入研究,但中欧贸易顺差差异问题在文献中鲜有讨论。这可能导致对中欧贸易关系认识的严重偏差,甚至引发不必要的贸易摩擦。在本文中,我们讨论了中欧贸易差异背后的原因,并量化了运输成本、转口及其加价对差异的影响程度。我们还采用中欧双方的投入产出表,用国内增加值(DVA)和总值来衡量中欧货物和服务贸易差额。经过价格调整和转口调整,2016年中国对欧盟货物和服务贸易差额将由最初估计的906亿美元缩减至总额估计的204亿美元,增值估计进一步缩减至158亿美元。
Significant discrepancy exists between official Chinese and EU trade statistics on the magnitudes of the China-EU trade in goods as well as in services. While the discrepancy of China-U.S. trade surplus has been thoroughly studied by scholars and policymakers, the discrepancy of China-EU trade surplus is barely discussed in literatures. This may lead to seriously bias in understanding China-EU trade relationship, and even cause unnecessary trade friction. In this paper, we discuss the reasons behind the discrepancy of China-EU trade and quantify the extent to which the discrepancy is contributed by transportation costs, re-exports and their markups. We also employ the input-output tables of both EU and China, and measure the China-EU trade balance of goods and services in both domestic value-added (DVA) terms as well as in gross terms. The discrepancy of China-EU trade balance in goods (and services) still exists after adjustments, but is significantly reduced. With the adjustments on price and re-exports, in 2016, the discrepancy of China-EU trade in goods and services of Chinese release over EU release would shrink from an initial estimation of US$90.6 billion to an estimation of US$20.4 billion in gross terms, and further to US$15.8 billion in value-added terms.