Analysis of Trade Effect of China-Singapore FTA Strategy under the Single Country Model——An empirical study based on gravity model
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DOI: 10.25236/emcs.2018.094
Corresponding Author
Miaomiao Pei
Abstract
Issues related to free trade agreements have been the focus of international trade research. Based on the relevant trade data of 108 countries from 1997 to 2016, this paper firstly uses the chart to quantitatively analyze China-new bilateral trade, and then uses the gravity model to carry out mixed regression on the trade effect of the new FTA strategy. The FTA trade effect is more accurate and credible. The results of the analysis show that: First, the Sino-Singapore FTA strategy promotes trade between the two countries; second, the bilateral trade volume between China and New Zealand is positively related to the economic scale of the two countries, and negatively related to the distance between the two countries. In line with the conclusion of the traditional gravity model; third, the Sino-Singapore FTA strategy has a positive trade facilitation effect, in which the promotion effect on exports is greater than the promotion effect of imports.
Keywords
Singapore, FTA, gravity model