Optimal Chinese Agricultural Trade Patterns under the Laws of Comparative Advantage

Dermot Hayes and Frank Fuller

Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: The gradual liberalization of Chinese economic sectors and the associated growth in the income of Chinese consumers in recent years has created interest in how China will influence world agricultural markets should it decide to liberalize its food sector. Using Chinese agricultural and resources data and an adaptation of the Heckscher-Ohlin-Vanek international trade model, Hayes and Fuller project what Chinese trade, production, and consumption patters would be if China allowed the laws of comparative advantage to direct production and trade decisions. They show that today's Chinese agriculture is dramatically different from what would have evolved had it been open to trade and factor mobility. In particular, the use of capital is many times lower than it would otherwise be, and the use of labor is many times greater.

Date: 1999-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.card.iastate.edu/products/publications/pdf/99wp233.pdf Full Text (application/pdf)
https://www.card.iastate.edu/products/publications/synopsis/?p=277 Online Synopsis (text/html)

Related works:
Working Paper: Optimal Chinese Agricultural Trade Patterns under the Laws of Comparative Advantage (1999)
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:ias:fpaper:99-wp233

Access Statistics for this paper

More papers in Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) from Center for Agricultural and Rural Development (CARD) at Iowa State University Contact information at EDIRC.
Bibliographic data for series maintained by ().