Journal of Korea Trade

한국무역학회 (Korea Trade Research Association)
권호 표지
DOI QR코드

DOI QR Code

The Impact of Trade Facilitation on China's Cross-border E-Commerce Exports: A Focus on the Trade Facilitation Index in RCEP Member Countries

  • Li Cai (Business School, Shandong Normal University) ;
  • Jie Cheng (School of Foreign Languages, China University of Geosciences) ;
  • Wen-Xia Wang (Department of Construction Economics and Management, Shandong Urban Construction Vocational College)
  • 투고 : 2022.09.15
  • 심사 : 2022.11.04
  • 발행 : 2022.11.30
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

Purpose - Based on the relevant panel data for China and 13 of the RCEP countries from 2008-2019, this paper conducts an in-depth study on the impact of trade facilitation levels on China's cross-border e-commerce exports using the expanded trade gravity model. Design/methodology - This study constructs a trade facilitation index (TFI) system, and uses the principal component analysis method to measure the trade facilitation levels of RCEP countries in 2008-2019. This result is then introduced into the extended gravity model to explore the effect of trade facilitation in RCEP countries on China's cross-border e-commerce export. Findings - It is found that the overall trade facilitation level has a significant effect on China's cross-border e-commerce exports. Among the primary indicators, with the exception of infrastructure, the other four indicators demonstrate a significant impact. The findings show that China should strengthen its cooperation with RCEP countries in trade facilitation and cross-border e-commerce to better achieve complementary regional economic development. Originality/value - This paper has three contributions: first, this paper builds a TFI system that includes five primary indicators based on the characteristics of cross-border e-commerce. Second, we explore the impact of trade facilitation levels of RCEP countries on China's cross-border e-commerce exports, which helps to fill the gap in existing studies of the impact of cross-border e-commerce exports. Third, this paper further analyzes the impact of five primary indicators on cross-border e-commerce exports; this thus provides more targeted measures to improve trade facilitation levels.

키워드

참고문헌

  1. APEC. (1997). "the Impact of Trade Liberalization in APEC", Economic Committee.
  2. APEC. (2002). "Measuring the Impact of APEC Trade Facilitation on APEC Economies: A CGE Analysis", Economic Committee.
  3. Berstrand, J. H. (1985). "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence", the Review of Economics and Statistics, 67, 474-481. https://doi.org/10.2307/1925976
  4. Blum, B. S., and Goldfarb, A. (2006). "Does the Internet Defy the Law of Gravity?" Journal of International Economics, 70(2), 384-405.
  5. Cardona, M., and Duch-Brown, N. (2016). "Delivery Costs and Cross-border e-Commerce in the EU Digital Single Market", JRC Working Papers on Digital Economy, 03.
  6. Chai, L., and Dong, C. (2019). "The Impact of Trade Facilitation for Countries along the Belt and Road on China's Cross-border E-commerce Exports", Journal of Commercial Economics,14, 134-138.
  7. Chu, X. L. (2016). "Exploring How Financial Interconnectivity Could Support the Development of Cross-border E-commerce of SMEs-Some Considerations on the Economic Development of China and Other Countries along the Belt and Road", China Business and Market, 30(11), 66-74.
  8. Cowgill, B., and Dorobantu, C. (2012). "Gravity and Borders in Online Commerce: Results from Google", Mimeo, 24-47.
  9. Cui, Y., Mou, J., and Cohen, J. (2020). "Understanding Consumer Intentions toward Cross-Border M-Commerce Usage: A Psychological Distance and Commitment-trust Perspective", Electronic Commerce Research and Applications, 39(C): 100920-100920. https://doi.org/10.1016/j.elerap.2019.100920
  10. Elia, S., Giuffrida, M., Mariani, M., and Bresciani, S. (2021). "Resources and digital export: An RBV perspective on the role of digital technologies and capabilities in cross-border e-commerce", Journal of Business Research, 132(2):158-169. https://doi.org/10.1016/j.jbusres.2021.04.010
  11. Feyrer, J. (2009). "Distance, Trade, and Income the 1967 to 1975 Closing of the Suez Canal as a Natural Experiment", National Bureau of Economic Research (NBER) Working Paper, No. w15557.
  12. Fontagne L., Orefice G., and Piermartini R. (2020). "Making small firms happy? The heterogeneous effect of trade facilitation measures", Review of International Economics, 28(3), 565-598. https://doi.org/10.1111/roie.12463
  13. Francois, J. F. (2006). "Preferential Trade Arrangements and the Pattern of Production and Trade When Inputs are differentiated", IIS Discussion Paper No. 86.
  14. Freund, C.L., and Weinhold, D.M. (2004). "The effect of the Internet on international trade", Journal of International Economics, 62(1), 171-189. https://doi.org/10.1016/S0022-1996(03)00059-X
  15. Gessner, G. H., and Snodgrass, C. R. (2015). "Designing e-commerce cross-border distribution networks for small and medium-size enterprises incorporating Canadian and U.S. trade incentive programs", Research in transportation Business & Management, 16, 84-94. https://doi.org/10.1016/j.rtbm.2015.07.005
  16. Ghorbani, A., and Bonab, M. B. (2013). "Globalization and the Role of E-Commerce in its Expansion", Journal of Basic and Applied Scientific Research, 3(1), 78-82.
  17. Gomez-Herrera, E., Martens, B., and Turlea, G. (2013). "The drivers and impediments for cross-border e-commerce in the EU", Information Economics and Policy, 28(1):83-96. https://doi.org/10.1016/j.infoecopol.2014.05.002
  18. Han, J. H., and Kim, H. M. (2019). "The role of information technology use for increasing consumer informedness in cross-border electronic commerce: An empirical study", Electronic Commerce Research and Applications, 34.
  19. He, Y., li, J., Wu, X., and Jiang, J. (2011). "Impact of e-Commerce on International Trade-Based on a Iceberg Cost Model", International Journal of Trade, Economics and Finance, 2, 175-178.
  20. Hoekman, B., and Shepherd, B. (2015). "Who profits from trade facilitation initiatives? Implications for African countries", Journal of African Trade, 2(1-2), 51-70. https://doi.org/10.1016/j.joat.2015.08.001
  21. Jiang, X. J. (2017). "Resource Reorganization and the Growth of the Service Industry in an Interconnected Society", Economic Research Journal, 52(03), 4-17.
  22. Cho, J. JK., Ozment, J., and Sink, H. (2008). "Logistics capability, logistics outsourcing and firm performance in an e-commerce market", International journal of physical distribution & logistics management, 38(3), 336-359. https://doi.org/10.1108/09600030810882825
  23. Kim, T. Y., Dekker, R., and Heij, C. (2016). "The value of express delivery services for cross-border e-commerce in European Union markets", Econometric Institute Research Papers, EI2016-12.
  24. Kim, T. Y., Dekker, R., and Heij, C. (2017). "Cross-Border Electronic Commerce: Distance Effects and Express Delivery in European Union Markets", International Journal of Electronic Commerce, 21(2), 184-218.
  25. Kong, Q., and Dong, H. (2015). "Trade Facilitation and Trade Potential of Countries along 'One Belt One Road' Route", Journal of International Trade, 12, 158-168.
  26. Lendle, A., Olarreaga, M., Schropp, S. and Vezina, P. L. (2016). "There Goes Gravity: eBay and the Death of Distance", The Economic Journal, 126(591), 406-441. https://doi.org/10.1111/ecoj.12286
  27. Li, B., and Li, R. (2017). "Internet and enterprise export: empirical evidence from the industrial enterprises of China", The Journal of World Economy, 40(07), 102-125.
  28. Linnemann, H. (1967). "An Econometric Stub of International Trade Flows", Journal of the Royal Statistical Society Series A (General), 130(1), 633-634.
  29. Ma, S., Guo, J., and Zhang, H. (2019). "Trade Cost Reduction Effect of Cross-border E-commerce: Mechanism and Evidence", International Economics and Trade Research, 5, 69-85.
  30. Sithanonxay, S. (2016). "Assessing the trade impacts of the ASEAN+ 6 FTA for Lao PDR", Asian-Pacific Economic Literature, 30 (2), 72-89. https://doi.org/10.1111/apel.12148
  31. Mesut, S., and Cuneyt, K. (2011). "E-Commerce as an Alternative Strategy in Recovery from The Recession", Procedia-Social and Behavioral Sciences, 24, 247-259. https://doi.org/10.1016/j.sbspro.2011.09.055
  32. Nielson, J., and Morris, R. (2001). "E-commerce and trade: resolving dilemmas", OECD Observer, 224, 37-39.
  33. Nora, N. (2014). "Trade Facilitation Provisions in Regional Trade Agreements: Traits and Trends", Journal of International Commerce, Economics and Policy, 5(2).
  34. Poyhonen, P. (1963). "A Tentative Model for the Volume of Trade between Countries", Weltwirtschaftliches Archiv, 90, 93-100.
  35. Shi, B. Z. (2016). "Internet and International Trade -Empirical Evidence Based on Bilateral and Bidirectional Hyperlinks Data", Economic Research Journal, 51(05), 172-187.
  36. Tansakul, N., SuanmaLi, S., and Ammarapala, V. (2013). "An Analytic Hierarchy Process (AHP) approach to evaluate factors that influence cross border trade facilitation: A case study of East-West Economic Corridor route", 10th International Conference on Service Systems and Service Management, IEEE.
  37. Terzi, N. (2011). "The impact of e-commerce on international trade and employment", Procedia-Social and Behavioral Sciences, 24, 745-753. https://doi.org/10.1016/j.sbspro.2011.09.010
  38. Thomas, W. H., Terrie, W., and Ken, I. (2001). "Dynamic Effects of the 'New Age' Free Trade Agreement between Japan and Singapore", Journal of Economic Integration, 16(4), 446-484. https://doi.org/10.11130/jei.2001.16.4.446
  39. Tinbergen, J. (1962). "Shaping the World Economy", New York: Twentieth Century Fund.
  40. Valarezo, A., Perez-Amaral, T., Garin-Munoz, T., Herguera Garcia, I., and Lopez, R. (2018). "Drivers and barriers to cross-border e-commerce: Evidence from Spanish individual behavior", Telecommunications Policy, 42, 464-473 https://doi.org/10.1016/j.telpol.2018.03.006
  41. Walkenhorst, P., and Yasui, T. (2004). "Quantitative Assessment of the Benefits of the Trade Facilitation. Overcoming Border Bottlenecks the Costs and Benefits of Trade Facilitation", OCED Book.
  42. Wilson, J. S., Mann, C. L., and Otsuki, T. (2003). "Trade Facilitation and Economic Development: A New Approach to Quantifying the Impact", World Bank Economic Review, 17(3), 367-389. https://doi.org/10.1093/wber/lhg027
  43. Wilson, J. S., Mann, C. L., and Otsuki, T. (2005). "Assessing the Benefits of Trade Facilititaion: A Global Perspective", World Economy, 6, 26-45.
  44. WTO. (2015). "Trade facilitation Agreement: Easing the flow of goods across borders", WTO 20years, 1-8.
  45. Xie, J., and Yue, J. (2011). "An Empirical Study on Impact of Trade Facilitation on the Trade between China and ASEAN Member Countries", World Economy Studies, 8, 81-86.
  46. Xuan, Z., and Chang, H. C. (2022). "Analysis of the Impact of Trade Facilitation on China's Bilateral Trade", International Commerce and Information Review, 2022, 24(3), 123-148.
  47. Yang, F., and Cheng, K. (2019). "Research on the Impact of Trade Facilitation on the Quality of Export Products", World Economy Studies, 01, 93-104.
  48. ZAKI, C. (2014). "An empirical assessment of the trade facilitation initiative: econometric evidence and global economic effects", World Trade Review, 13(1), 103-130. https://doi.org/10.1017/S1474745613000256
  49. Zeng, Z., and Zhou, X. (2008). "The Evaluating System of Trade Facilitation and its Impact on China's Export", International Economics and Trade Research, 24(10), 1-9.