Abstract Stating from the gravity model and the principles of quasi natural experiment, this paper discusses the promoting effect of free trade agreements on China’s bilateral trade before and after the global financial crisis in 2008, using matching model and data of bilateral trade between China and 212 countries and regions. The results show that the gravity model overestimates the trade effects of the FTA.In addition, the promoting effect of the FTA is inconsiderable when the world market enjoys a good economic situation. However, the effect is obviously strengthened when the financial crisis breaks out. In the current economic situation, China should quicken its pace in negotiating more free trade agreements so as to ensure the steady growth of China’s export against the rise of trade protectionism in other countries.
LI Meng-Ji,DU Wei-Jian. Can Free Trade Agreement Effectively Ease the Financial Crisis?——An Empirical Analysis Based on the Propensity Score Matching Model. Economic Survey, 2017, 34(6): 063.
2017, Vol. 34 
