Trade flows and trade specialisation: The case of China
利用1992-2012年数据，研究中国与主要贸易伙伴的贸易流动，发现贸易增长导致出口结构从资源劳动密集型转向资本技术密集型。
Using annual data for the periods 1992–2012, this paper examines trade flows between China and its main trade partners in Asia, North America and Europe, and whether increasing trade has led to industrial structural adjustment and changes in China's trade patterns. The analysis is based on both economic indicators and the estimation of a gravity model, and applies recently developed panel data methods that explicitly take into account unobserved heterogeneity, specifically the fixed effect vector decomposition (FEVD) technique. The findings confirm the significant change in China's trading structure associated with the fast growth of foreign trade. In particular, there has been a shift from resource- and labour-intensive to capital- and technology-intensive exports.