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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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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2756.pdf
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    References listed on IDEAS

    as
    1. Khadan, Jeetendra & Hosein, Roger, 2014. "Trade, Economic and Welfare impacts of the CARICOM-Canada Free Trade Agreement," MPRA Paper 54836, University Library of Munich, Germany.
    2. Assem Reda Abu Hatab & Nada Abdelhamed Shoumann & Huo Xuexi, 2012. "Exploring Egypt-China bilateral trade: dynamics and prospects," Journal of Economic Studies, Emerald Group Publishing, vol. 39(3), pages 314-326, December.
    3. repec:bla:ecorec:v:45:y:1969:i:111:p:321-42 is not listed on IDEAS
    4. Jonathan Munemo, 2013. "Trade between China and South Africa: Prospects of a Successful SACU-China Free Trade Agreement," African Development Review, African Development Bank, vol. 25(3), pages 303-329, September.
    5. Suparna Basu & Debabrata Datta, 2007. "India–Bangladesh Trade Deficit and Misaligned Bilateral Exchange Rate: Can Bangladesh Draw Lessons from Indonesia?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(1), pages 76-102.
    6. Zhou, Zhang-Yue & Wu, Yan-Rui & Si, Wei, 2007. "Evolving Patterns of Agricultural Trade between Australia and China," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 15.
    7. Natos, Dimitrios & Staboulis, Christos & Tsakiridou, Efthimia, 2014. "Agricultural Trade Integration in Western Balkans: Orientation and Complementarity," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 15(2), pages 1-15.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Yufei Xu & Zhangyi Ji & Chenming Jiang & Wei Xu & Cuixia Gao, 2024. "Examining the Coopetition Relationships in Renewable Energy Trade among BRI Countries: Complexity, Stability, and Evolution," Energies, MDPI, vol. 17(5), pages 1-16, March.
    2. Gao, Cuixia & Tao, Simin & Su, Bin & Mensah, Isaac Adjei & Sun, Mei, 2023. "Exploring renewable energy trade coopetition relationships: Evidence from belt and road countries, 1996-2018," Renewable Energy, Elsevier, vol. 202(C), pages 196-209.
    3. Chen, Jiandong & Xie, Qiaoli & Shahbaz, Muhammad & Song, Malin & Wu, Yuliang, 2021. "The fossil energy trade relations among BRICS countries," Energy, Elsevier, vol. 217(C).
    4. Rui Liu & Xiaohua Tang & Cuiming Zhao & Zifan Shen & Ru Li & Jiangang Yu, 2024. "Research on the International Competitiveness and Sustainable Trade Development of the Key Equipment and Components of China’s High-Speed Rail," Sustainability, MDPI, vol. 16(16), pages 1-17, August.

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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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