Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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The Impact of Trade Facilitation on Bilateral Trade Flows-Focusing on China and the other Belt and Road member countries

무역원활화가 양국 간 무역에 미치는 영향 -중국과 일대일로 회원국을 중심으로-

  • Hai-Ming Guan (Department of International Business and Trade, Kyung Hee University) ;
  • Hail Park (Department of International Business and Trade, Kyung Hee University)
  • Received : 2020.06.10
  • Accepted : 2020.08.28
  • Published : 2020.08.31
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Abstract

This study mainly measures the level of trade facilitation in member countries along the "the Belt and Road" and discusses the impact of trade facilitation on bilateral trade. Based on the research results of domestic and foreign scholars, this study made a new systematic measuring system which covering 4 indicators and 15 subordinate indicators, to obtain the trade facilitation index. Based on the extended gravity model, this paper conducts a panel data, for more than 50 major trading members along the "the Belt and Road" during 2010~2017 as an example to empirically study the relationship between the trade facilitation level of major trading members and the volume of China's import and export trade. The results show that the level of trade facilitation among member countries is not high and the trade facilitation variable has positive value, indicating that the trade facilitation variable has positive effect on increasing bilateral trade. If the trade facilitation increases by 1% respectively, the bilateral trade level will increase by 0.98% separately. Finally, according to the regression results of four aspects of the trade facilitation index system, e-business development plays the most significant role in promoting trade facilitation.

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References

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