Study on the Effects of China-Georgia FTA on Economics, Trade and Industries Based on the Strategy of "One Belt and One Road"

DOI

10.2991/icemc-17.2017.52How to use a DOI?

Keywords

China; Georgia; Economics; Trade; Industry; GTAP

Abstract

Based on the GTAP model, this paper is aimed to analyze the effect of China - Georgia FTA on economics, trade and industry respects of these two countries with capital accumulation model and technological progress effect. Study found that: first, China - Georgia FTA positively promotes the two countries' GDP, welfare, total import and export, and worsens Georgia's trade balance and terms of trade. Second, the main reason of promoting China's economic benefits increase is factor endowment effect while Georgia's is technological progress effect. Besides, the terms of trade effect and invest-saving effect drag on growth of Georgia's welfare. Third, China - Georgia FTA mildly promote the output of each department of China with the overall fluctuation between -0.0025% and 0.0046%, while Georgia's benefit significantly. Fourth, China - Georgia FTA fully increase the import and hit the export of our country, and the Georgia's export benefits generally. Fifth, China - Georgia FTA's economics, trade and industrial effects on Georgia is significantly greater than on China.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yang Fan
PY  - 2016/06
DA  - 2016/06
TI  - Study on the Effects of China-Georgia FTA on Economics, Trade and Industries Based on the Strategy of "One Belt and One Road"
BT  - Proceedings of the 7th International Conference on Education, Management, Information and Computer Science (ICEMC 2017)
PB  - Atlantis Press
SP  - 265
EP  - 270
SN  - 2352-538X
UR  - https://doi.org/10.2991/icemc-17.2017.52
DO  - 10.2991/icemc-17.2017.52
ID  - Fan2016/06
ER  -