Test of the Applicability of the Smooth Adjustment Hypothesis in Agri-product Trade of China

DOI

10.2991/mmetss-16.2017.20How to use a DOI?

Keywords

Agri-product Trade, Smooth Adjustment Hypothesis, Adjustment Cost

Abstract

Adjustment cost caused by the trade liberalization would affect countries' trade structure and industrial development, With the appearance of intra-industry trade phenomenon, 'Smooth Adjustment Hypothesis' about trade adjustment cost is taken more seriously. Agriculture always was the most basic industry in China and agricultural products occupied a large proportion in external trade. By theoretically discussing the applicability of smooth adjustment hypothesis in Chinese agricultural products trade and analyzing the applicability by Parameter estimation and non-Parameter estimation, we found that, Smooth adjustment hypothesis was partly suitable for Chinese agricultural products trade, and it needs three years when dynamic change of intra-industry trade had a significant negative relationship with Adjustment costs.

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  - Ai Hang
AU  - Yan Wang
PY  - 2017/02
DA  - 2017/02
TI  - Test of the Applicability of the Smooth Adjustment Hypothesis in Agri-product Trade of China
BT  - Proceedings of the 2016 International Conference on Modern Management, Education Technology, and Social Science (MMETSS 2016)
PB  - Atlantis Press
SP  - 106
EP  - 112
SN  - 2352-5398
UR  - https://doi.org/10.2991/mmetss-16.2017.20
DO  - 10.2991/mmetss-16.2017.20
ID  - Hang2017/02
ER  -