Research and Prospect of China, Japan and South Korea Trade Under RCEP Background via Gravity Model

DOI

10.2991/978-94-6463-010-7_9How to use a DOI?

Keywords

Gravity Model; Trade Research; RCEP

Abstract

China, Japan and South Korea are the most important economies in Asia. Trade liberalization among the three countries can bring regional economic synergy and rapid development. After the signing of the RCEP agreement in November 2020, China, Japan and South Korea entered a closer stage of trade cooperation, but there still exist space for further development. The paper selects the relevant trade panel data between the three countries from 2001 to 2020, and uses the trade gravity model to regress on the basis of preliminary analysis of bilateral trade between the three countries, and puts forward some suggestions on the relevant conclusions. The study found that: trade between China, Japan and South Korea developed rapidly before 2008, after the financial crisis has continued to shock, growth is not obvious. In the past 20 years, trade between China and South Korea has grown faster than that between China and Japan. Among the factors affecting trade, China’s per capita national income has the greatest impact. The trade deficit between China and Japan and South Korea is still increasing, and China needs to further accelerate core technology research and development to enhance international competitiveness in the domain of high-end products.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zeyuan Zhu
AU  - Yuze Wang
PY  - 2022
DA  - 2022/12/02
TI  - Research and Prospect of China, Japan and South Korea Trade Under RCEP Background via Gravity Model
BT  - Proceedings of the 2022 International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2022)
PB  - Atlantis Press
SP  - 62
EP  - 70
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-010-7_9
DO  - 10.2991/978-94-6463-010-7_9
ID  - Zhu2022
ER  -