International trade after intervention: The case of bedroom furniture

Xinjian Luo, Changyou Sun, Hongfei Jiang, Ying Zhang and Qian Meng

Forest Policy and Economics, 2015, vol. 50, issue C, 180-191

Abstract: The global trade volume of wooden bedroom furniture has reached US$8.33 billion in 2012. China has been the largest exporter and the United States has been the largest importer in this increasingly globalized market. After the trade dispute and intervention between China and the United States in 2005, China has continued to export more wooden bedroom furniture to the world. In this study, the impact of economic factors and trade intervention on the import demand of wooden bedroom furniture was analyzed for leading exporters in four selected individual markets (i.e., the United States, the United Kingdom, Australia, and Japan). Main findings were that the antidumping duty against China in the United States generated a negative depression effect on China's exports to the United States and positive diversion effect on the exports from other countries. Furthermore, China has expanded its exports to other markets, especially to the United Kingdom and Australia, and maintained strong trade growth in wooden bedroom furniture worldwide. These results revealed that trade intervention in one market against an individual country could generate worldwide impacts.

Keywords: Error correction; Export growth; Import demand; Trade diversion; Wooden bedroom furniture (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:50:y:2015:i:c:p:180-191

DOI: 10.1016/j.forpol.2014.09.002

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