Influence of Sino-US Agricultural Trade on China's Total Agricultural Output Value Based on Cointegration Model

Zhiyao Li

Asian Agricultural Research, 2019, vol. 11, issue 05

Abstract: According to the data of the total trade of agricultural products between China and the United States from 2009 to 2018 and the general description of agriculture in China, this paper adopts the method of econometric model to make a detailed analysis of the agricultural trade between China and the United States by using cointegration analysis, Granger causality test and error correction model in order to explore the impact of agricultural trade between China and the United States on China's agricultural development. The results of empirical analysis show that there is a balanced relationship between the trade of agricultural products between China and the United States and the development of agriculture in China. The total trade of agricultural products between China and the United States affects the development of China's agriculture. In addition, in the short term, if the short-term fluctuation deviates from the long-term equilibrium, then the error correction term will reverse it with strength of 0.378, so that the non-equilibrium state will gradually return to the equilibrium state.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/293208/files/I ... egration%20Model.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:293208

DOI: 10.22004/ag.econ.293208

Access Statistics for this article

More articles in Asian Agricultural Research from USA-China Science and Culture Media Corporation
Bibliographic data for series maintained by AgEcon Search ().