TY - JOUR
T1 - An analysis of eu-china agricultural trade relations in the context of brexit – the perspective of trade specialisation dynamics
AU - Andreosso-O’callaghan, Bernadette
AU - Li, Junshi
N1 - Publisher Copyright:
© 2020, Transition Academia Press. All rights reserved.
PY - 2020/5/22
Y1 - 2020/5/22
N2 - This paper uses trade data from 2001 to 2017 to analyse comparative advantage of both the EU27 (excluding the UK) and China by employing Balassa’s revealed comparative advantage index (BRCA) and the normalised revealed comparative advantage index (NRCA). Two broad types of trade specialisation dynamics have been analysed by using OLS regression analysis, together with Markov transition probability, Shorrocks’ mobility index, and regression trend analysis. The results show that the majority of the agricultural products are in the comparative disadvantage category, and that although the EU has a strong comparative advantage in several agricultural products, its probability to keep these advantages is lower than for China.
AB - This paper uses trade data from 2001 to 2017 to analyse comparative advantage of both the EU27 (excluding the UK) and China by employing Balassa’s revealed comparative advantage index (BRCA) and the normalised revealed comparative advantage index (NRCA). Two broad types of trade specialisation dynamics have been analysed by using OLS regression analysis, together with Markov transition probability, Shorrocks’ mobility index, and regression trend analysis. The results show that the majority of the agricultural products are in the comparative disadvantage category, and that although the EU has a strong comparative advantage in several agricultural products, its probability to keep these advantages is lower than for China.
KW - Agricultural product trade
KW - Brexit
KW - China
KW - Comparative advantage
KW - EU27
KW - Trade specialisation
UR - http://www.scopus.com/inward/record.url?scp=85087144877&partnerID=8YFLogxK
U2 - 10.14665//1614-4007-27-2-10
DO - 10.14665//1614-4007-27-2-10
M3 - Article
AN - SCOPUS:85087144877
SN - 1614-4007
VL - 27
SP - 109
EP - 130
JO - Transition Studies Review
JF - Transition Studies Review
IS - 2
ER -