China’s Trade Flow Status of Agricultural Product and Influence Factors:Empirical Study Based on Gravity Model
Xiaoru Wang
Abstract
Xiaoru Wang
Abstract
Based on 1992-2009 panel data,firstly this paper describes china ’s agricultural products trade flow outline,main markets and trade products species,and then does empirical study on influence factors of trade flows by gravity model.The results show that factors of populations,economic scales,entry to WTO and APEC have positive influence,while the distance between trade partners,difference of per income and finance crises have adverse influence.Finally,according to empirical results by gravity model,this paper puts forward some suggestions on how to promote china’s agricultural product trade.
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Based on 1992-2009 panel data,firstly this paper describes china ’s agricultural products trade flow outline,main markets and trade products species,and then does empirical study on influence factors of trade flows by gravity model.The results show that factors of populations,economic scales,entry to WTO and APEC have positive influence,while the distance between trade partners,difference of per income and finance crises have adverse influence.Finally,according to empirical results by gravity model,this paper puts forward some suggestions on how to promote china’s agricultural product trade.
Key concepts: Gravity model of trade, China, Agriculture, Panel data, Economics, Product (mathematics), Empirical research, Gravity equation