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A Study of Trade Complementarity between China and the Baltic States and its Development Strategies

Author

Listed:
  • Xiaosong Zheng

    (Shanghai University, Shanghai, China)

  • Lijun Jia

    (Shanghai University, Shanghai, China)

  • Jiawen Bao

    (Shanghai University, Shanghai, China)

  • Jiao Chen

    (Shanghai University, Shanghai, China)

Abstract

The paper mainly studies trade complementarity between China and three Baltic States, namely Lithuania, Latvia and Estonia. The paper first introduces China and the three Baltic States’ current trade situation. It then makes an empirical analysis on the trade complementarity between China and the three Baltic States by using models of revealed comparative advantage (RCA) and trade complementarity index (TCI) respectively, which reveals that complementarities of China to the Baltic States are mainly in the labor-intensive products, while complementarities of the three Baltic States to China are in the resource-intensive products. However, the current structure of imported goods from the Baltic States to China is different from the results of complementarity analysis. In this study an expanded trade gravity model is used to analyze trade potential, which helps to develop feasible trade strategies and it shows that trade between China and the Baltic States needs to be fully exploited.

Suggested Citation

  • Xiaosong Zheng & Lijun Jia & Jiawen Bao & Jiao Chen, 2018. "A Study of Trade Complementarity between China and the Baltic States and its Development Strategies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 788-788, August.
    • Handle: RePEc:aes:amfeco:v:20:y:2018:i:49:p:788
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    References listed on IDEAS

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    More about this item

    Keywords

    Baltic States; China; complementarity; trade potential; trade gravity model;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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