Research on Export Potential and Trade Efficiency of China’s Service Trade: An Empirical Study Based on the Belt and Road Countries

Abstract

Based on the construction of stochastic frontier gravity model, from 2008-2017, 14 the Belt and Road countries, its trade with China's service trade export potential and efficiency were studied. The empirical analysis results show that the GDP of partner countries, China's GDP, China's per capita GDP, bilateral distance have a significant impact on the volume of service trade. The average trade efficiency of China to the Belt and Road countries in 10 years is 0.4049, which is at a low level, and there are gaps among various countries. Finally, the paper puts forward corresponding suggestions for increasing the export potential of service trade and expanding the tradable space between China and the countries along the Belt and Road.