Analysis on Sino-Norway Bilateral Trade Structure and Competition & Complementarity
Mingyong Lai
Abstract
Mingyong Lai
Abstract
This paper Calculates the Trade complementarity Index,Trade Competition Index as well as Intra-Industry Trade Index of China and Norway after exploring the exporting structure change of these two countries.The findings show that the trade structure between these two countries is in favor of the shift towards their comparative advantage,that there is extreme disparity in their goods of trade competition,that there is strong inter-industry trade complementarity and low intra-industry trade level,which has an apparent increasing trend,though.Therefore,the free trade zone between these two countries is beneficial to further strengthening upstream and downstream of the industrial chain and cooperation in the field of high technology between these two countries,and speeding the industrial structure upgrade and thus realizing their win-win.
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This paper Calculates the Trade complementarity Index,Trade Competition Index as well as Intra-Industry Trade Index of China and Norway after exploring the exporting structure change of these two countries.The findings show that the trade structure between these two countries is in favor of the shift towards their comparative advantage,that there is extreme disparity in their goods of trade competition,that there is strong inter-industry trade complementarity and low intra-industry trade level,which has an apparent increasing trend,though.Therefore,the free trade zone between these two countries is beneficial to further strengthening upstream and downstream of the industrial chain and cooperation in the field of high technology between these two countries,and speeding the industrial structure upgrade and thus realizing their win-win.
Key concepts: Complementarity (molecular biology), International trade, International economics, Economics, Trade barrier, China, Revealed comparative advantage, Competition (biology)