|Table of Contents|

Study on the impact of trade facilitation on export trade from the perspective of industry heterogeneity——opportunities and challenges for China to join the CPTPP(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2022年03期
Page:
34-51
Research Field:
国际经济与贸易
Publishing date:
2022-05-20

Info

Title:
Study on the impact of trade facilitation on export trade from the perspective of industry heterogeneity——opportunities and challenges for China to join the CPTPP
Author(s):
WU Lichao;  ZHONG Yingxia;  YE Tian;  QIU Weimin
(School of Economics, Xiamen University, Xiamen 361005, Fujian, Chian)
Keywords:
export trade;  trade facilitation;  external financing;  contract intensive;  industry heterogeneity;  Poisson pseudo-maximum likelihood;  Comprehensive and Progressive Trans-Pacific Partnership
PACS:
F744; F746.12
DOI:
-
Abstract:
Impacted by unilateralism and protectionism, global trade is slowing down sharply at present. Trade facilitation has become a new way for governments and international economic organizations to explore sustainable and stable trade growth. Based on the World Bank's transnational enterprise survey data from 2010 to 2014, Poisson pseudo-maximum likelihood estimation(PPML)is used to investigate the impact of trade facilitation on export from both theoretical and empirical aspects. The results show that the improvement of trade facilitation in both exporting and destination countries has a significant promotional effect on the export growth and export structure optimization of a country, and the effect of trade facilitation in exporting countries is greater than that in destination countries. The results of grouping regression confirm that there are significant differences in the above effects among groups of countries at different stages of development, and the improvement of trade facilitation in developing countries can promote export growth more significantly. The trade facilitation level of exporting and destination countries is the key factor affecting the extensive and intensive margin in bilateral export. In the industries with high dependence on external financing or highly contract intensive industries in particular, the improvement in the level of trade facilitation in exporting and destination countries will directly or indirectly promote the export growth of industries highly dependent on external financing and contract intensive industries. The direct impact of trade facilitation level on export can reduce trade costs and improve transit efficiency, while the indirect impact can promote export by driving overall economic activities, which is more significant in industries with high dependence on external financing or highly contract intensive industries. China's accession to the Comprehensive and Progressive Trans-Pacific Partnership(CPTPP)will help further strengthen the construction of soft environment for trade facilitation, optimize the institutional environment, and provide positive benefits to the infrastructure construction and e-commerce development of CPTPP members.

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Last Update: 2022-05-20