Empirical analysis on bilateral trade complementarity between China and USA
Shi Qiang
Abstract
Shi Qiang
Abstract
This paper has made an empirical analysis on the data of Sino-US trade in the period of 2000~2006.It examines the level of intra-industry bilateral comparative advantage and international competitiveness through the index of RCA and intra-industry trade.The results indicate that there is no great difference in the pattern of specialization as is observed in China and USA,and the two countries are in a lasting and stably complementary relationship in trade.
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This paper has made an empirical analysis on the data of Sino-US trade in the period of 2000~2006.It examines the level of intra-industry bilateral comparative advantage and international competitiveness through the index of RCA and intra-industry trade.The results indicate that there is no great difference in the pattern of specialization as is observed in China and USA,and the two countries are in a lasting and stably complementary relationship in trade.
Key concepts: Complementarity (molecular biology), China, Bilateral trade, International trade, Intra-industry trade, Economics, International economics, Revealed comparative advantage