Abstract

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Title:: Research progress on consumer welfare caused by import-trade and the implications of highquality development

Author(s):: GAO Xin; XU Jing; School of International Trade and Economics, Anhui University of Finance and Economics, Bengbu 233030, Anhui, China

Keywords:: import trade; consumer welfare; new era; openingup; high quality development; product variety; benchmark paradigm; trade welfare; product quality; experiential analysis

Abstract:: In order to study the internal relationship between import trade and the highquality development of China’s economy in the new era, this paper systematically sorts out and summarizes the research perspectives, logical ideas, empirical methods and corresponding conclusions based on a large number of literatures related to import trade and consumer welfare. The research shows that the current research on consumer welfare caused by import trade has been advancing along the ideas of import product price, product variety and product quality. However, in terms of refining the definition of consumers, clarifying the theoretical mechanism, and improving the mechanism transmission chain, we need to continue to deepen the research around the highquality development goal. Based on this, this paper puts forward the direction of further research on the consumer welfare caused by import trade in the future. It proposes that China’s high level openingup in the new era requires more diversified product import, that China further explores the growth mechanism of consumer welfare from the perspectives of import trade theories and transmission chain, so as to drive the sustained high quality development of China’s economy.