Abstract：
Trade efficiency is an important way to influence the trade growth between China and RCEP partners. Referring to the “3D” (Density, Distance and Division) framework theory of new economic geography and on the basis of analyzing the influence mechanism of trade efficiency, this paper uses the panel data of 2000-2019 to build a Stochastic Frontier Gravity Model to measure the export efficiency and import efficiency of China and RCEP partners. And based on the “One-Step Method” Inefficiency Model, this paper empirically analyzes the effects of density, distance and segmentation on export efficiency and import efficiency. The results show that the export efficiency and import efficiency are heterogeneity between China and RCEP partner countries, and the import and export potential is huge, in which the import potential is greater than that of the export potential. The increase of economic density of RCEP partner countries is conducive to promoting China’s export efficiency, but not conducive to import efficiency. Urbanization has a significant negative impact on China’s import and export efficiency. Transportation infrastructure has a significantly positive impact on China’s import and export efficiency, and the impact is stronger after the 2008 financial crisis. Communication infrastructure helps to improve the efficiency of China’s import and export. Free trade agreements have a positive impact on China’s import and export efficiency, and the efficiency of partner governments can significantly promote China’s export efficiency and have a time-lag effect on import efficiency. Finally,the policy suggestions are put forward from the aspects of increasing the density, shorten the distance and reducing the division.
WANG Yong, LI Peng.A Study on the Influencing Factors of the Trade Efficiency of China and RCEP Partner Countries Based on the “3D” Framework of New Economic Geography[J] Economic Survey, 2021,V38(5): 51-60
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