Research on the Efficiency and Potential of China's Agricultural Exports to RCEP Countries—Based on Stochastic Frontier Gravity Model
Research on the Efficiency and Potential of China's Agricultural Exports to RCEP Countries—Based on Stochastic Frontier Gravity Model

Author(s): Xinping Fu, Xiying Zhang, Yuxuan Zheng
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Agriculture, Economic policy, International relations/trade, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: RCEP; agricultural trade; stochastic frontier gravity model; trade potential
Summary/Abstract: Based on panel data of China's agricultural exports to RCEP member countries from 2006 to2022, this paper constructs a time-varying stochastic frontier gravity model to empirically study the factors affecting the export efficiency of China's agricultural products. The results show that there are significant differences in the trade efficiency of China's agricultural exports to RCEP countries, and the trade potential of different countries is also different; The bilateral population, the economic size of RCEP member countries, the common language, the air cargo volume of the importing country, the degree of government integrity, financial freedom, and whether to join the WTO all have a significant promoting effects on China's agricultural exports; The geographical distance between two sides and the monetary freedom of the importing country will have a negative impact.

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