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Comparative advantages and complementarity of Sino-US agricultural trade: An empirical analysis

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  • Chuanmin SHUAI

    (Schoolof Economics and Management, China University of Geosciences, Wuhan, China)

  • Xi WANG

    (China Social Sciences Press, Beijing, China)

Abstract

By adopting the RCA, CMS, TCD, SI and TCI models, this paper has made an empirical analysis of the comparative advantages and complementarity of the agricultural trade between China and the United States in terms of sixteen major agricultural products since 1997. The results indicate that (1) the exporting agri-products of China and the United States reflect the characteristics of the resource endowment of each country; (2) China's agri-product competitiveness has decreased after its WTO accession, while the country's agri-export structure has been upgraded; (3) Sino-US agri-trade dependency continues to rise, and the U.S. relies more on China than China does on the U.S.; (4) China and the United Sates have good complementarity in the agricultural trade, which tends to strengthen after the China's accession to the WTO. Policy implications are proposed accordingly based on these findings.

Suggested Citation

  • Chuanmin SHUAI & Xi WANG, 2011. "Comparative advantages and complementarity of Sino-US agricultural trade: An empirical analysis," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 57(3), pages 118-131.
    • Handle: RePEc:caa:jnlage:v:57:y:2011:i:3:id:46-2010-agricecon
    DOI: 10.17221/46/2010-AGRICECON
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    References listed on IDEAS

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    6. Ziping Wu & Ken Thomson, 2003. "Changes in Chinese Competitiveness in Major Food Products: Implications for WTO Membership," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 1(1), pages 117-130.
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