In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the ba...In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the basis of survey of literature studies,this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively,truthfully and comprehensively.In addition to theoretical demonstration,this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.展开更多
Today developed countries mainly participate in international trade via their foreign affiliates and intermediate goods are more frequently traded as a result of increasingly deepening international divisions of labou...Today developed countries mainly participate in international trade via their foreign affiliates and intermediate goods are more frequently traded as a result of increasingly deepening international divisions of labour.Against this background,the current trade statistical system that is characterized by the statistical principle of cross-border trade and production,and the custom’s registration data collection method,greatly exaggerate the trade imbalance between China and America. Consequently,it is necessary for the Chinese nation to overcome the shortcomings of the current statistical system so as to evaluate more fairly the trade imbalance between China and America by referring to the Ownership-Based Framework of the complimentary statistical system under the US Current Account.This article, on the basis of the statistical principle of oumership,attempts to regulate the distorted trade imbalance resulting from the current trade statistical system,and aims for an increased understanding of the trade imbalance between China and America from a theoretical background,as well as from the points of view of practitioners and decision makers.展开更多
Under global production network,export cannot represent a country's gains from trade,and territory-based gains from trade refer to the remainder of export after deducting the input of intermediate goods and re-exp...Under global production network,export cannot represent a country's gains from trade,and territory-based gains from trade refer to the remainder of export after deducting the input of intermediate goods and re-export after value-added return.Ownership-based gains from trade refer to the remainder of territory-based gains from trade after further deducting the trade in value added(TVA) realized through the inflow of foreign factors.By creating a multicountry input and output model,this paper calculates the territory-based gains from trade,ownership-based gains from trade,and territory-based gains from trade for foreign countries realized through China's export,as well as valueadded return and territory-based gains from trade for foreign countries realized through China's import.This paper has arrived at the following conclusions:behind China's status as the largest goods exporting country in the world,most of Chinese exports contribute to the gains of foreign countries;value addition for foreign countries realized through China's export and value-added return realized through China's import mostly come from Taiwan region,Japan and South Korea in East Asia;a considerable part of gains from trade for the United States realized through China-US trade is achieved through indirect trade.展开更多
文摘In the context of economic globalization,territory-based bilateral trade statistics are no longer compatible with the reality of cross-border flow of capital factor and rapid emergence of multinational firms.On the basis of survey of literature studies,this paper has created a three-country model of bilateral trade based on ownership principle and demonstrated that ownership-based statistical system under this model can reflect bilateral trade volume and balance more objectively,truthfully and comprehensively.In addition to theoretical demonstration,this paper has revaluated China-US trade balance using ownership-based statistical methodology and the result indicates that the existing statistical system of trade severely overestimates the real level of China-US trade balance and FDI in China is a major reason behind increasing China-US trade surplus.
基金Project supported by Provincial Natural Science Foundation of Anhui Universities(Approval number:KJ2007B258)
文摘Today developed countries mainly participate in international trade via their foreign affiliates and intermediate goods are more frequently traded as a result of increasingly deepening international divisions of labour.Against this background,the current trade statistical system that is characterized by the statistical principle of cross-border trade and production,and the custom’s registration data collection method,greatly exaggerate the trade imbalance between China and America. Consequently,it is necessary for the Chinese nation to overcome the shortcomings of the current statistical system so as to evaluate more fairly the trade imbalance between China and America by referring to the Ownership-Based Framework of the complimentary statistical system under the US Current Account.This article, on the basis of the statistical principle of oumership,attempts to regulate the distorted trade imbalance resulting from the current trade statistical system,and aims for an increased understanding of the trade imbalance between China and America from a theoretical background,as well as from the points of view of practitioners and decision makers.
基金the outcome of major program of the National Social Sciences Foundation Research on the Upgraded Objectives and Strategic Innovation for the Transformation and Development of Major Trading Nations(Grant No.13&ZD048)
文摘Under global production network,export cannot represent a country's gains from trade,and territory-based gains from trade refer to the remainder of export after deducting the input of intermediate goods and re-export after value-added return.Ownership-based gains from trade refer to the remainder of territory-based gains from trade after further deducting the trade in value added(TVA) realized through the inflow of foreign factors.By creating a multicountry input and output model,this paper calculates the territory-based gains from trade,ownership-based gains from trade,and territory-based gains from trade for foreign countries realized through China's export,as well as valueadded return and territory-based gains from trade for foreign countries realized through China's import.This paper has arrived at the following conclusions:behind China's status as the largest goods exporting country in the world,most of Chinese exports contribute to the gains of foreign countries;value addition for foreign countries realized through China's export and value-added return realized through China's import mostly come from Taiwan region,Japan and South Korea in East Asia;a considerable part of gains from trade for the United States realized through China-US trade is achieved through indirect trade.
