30 Septembre 2013 - Séminaire externe - Yonghong Zhou - "Trade creation, expectation and a bridge to the Chinese mainland”

Date de publication : 18 déc. 2015 16:02:15

How can free trading arrangements (FTAs) create trades? With a natural experiment of FTAs between the mainland of China and Hong Kong, this paper shows that FTAs creates both trades ---- those enjoying the free tariff arrangement and those not enjoying it. According to the facts that Hong Kong acts an important role in linking the mainland of China and the world, this paper assumes that FTAs positively change the optimistic expectation of Hong Kong’s function as a bridge to the mainland of China, and thus create all the trades related to it.