2021
DOI: 10.1007/s10668-021-01390-4
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Analysis on the economic effect of Sino-US trade friction from the perspective of added value

Abstract: Based on the theory of trade added value, this paper discusses the potential actual trade scale and benefit damage degree of the two countries under the background of big country game by measuring the real trade scale of China and the USA, simulating the economic impact of tariffs imposed by China and the USA and utilizing Wang–Wei–Zhu (WWZ) method to decompose the potential changes in Sino-US trade. The results show that: firstly, the size of China-US trade in terms of total value is significantly overestimat… Show more

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Cited by 7 publications
(3 citation statements)
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“…An increasing number of studies have investigated the impact of the Sino-US TC on the financial market (Shi et al, 2021), global value chains (Javorcik, 2020;Zhu & Zheng, 2022), and technology. Houser (2020) notes that the Sino-U.S. TC will hinder the worldwide development of TP.…”
Section: Literature Reviewmentioning
confidence: 99%
“…An increasing number of studies have investigated the impact of the Sino-US TC on the financial market (Shi et al, 2021), global value chains (Javorcik, 2020;Zhu & Zheng, 2022), and technology. Houser (2020) notes that the Sino-U.S. TC will hinder the worldwide development of TP.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Many authoritative statistical data, including natural index, show that in recent years, in terms of the number of conference papers and peer-reviewed journal articles, China has continued to grow rapidly, and the gap with the United States has been narrowing, and even surpassed the United States in some rankings. However, China still lags far behind the United States in the number and originality of highly cited papers [4].…”
Section: High End Manufacturingmentioning
confidence: 99%
“…Since joining the World Trade Organization (WTO), China’s trade has developed at an amazing speed [ 1 , 2 ]. It has become the world’s factory [ 3 ], providing rich raw materials and commodities to other countries, and being a strong link in the global value chain (GVC) [ 4 ]. This development is closely related to the dynamic growth of export trade in hundreds of Chinese cities, especially in eastern coastal areas.…”
Section: Introductionmentioning
confidence: 99%