|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|111336||2018||21 صفحه PDF||سفارش دهید||11888 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : China Economic Review, Volume 48, April 2018, Pages 223-243
Chinese foreign policy is mainly characterized by the Beijing consensus and the one-China principle in international relations. More precisely, the situation faced by Taiwan is a âcore interestâ in China's economic diplomacy strategy. We investigate whether the âone-China policyâ (OCP) has had visible effects on bilateral trade flows. In other words, does the compliance of diplomatic commitments with China undermine Taiwanese trade and enhance China's trade position? Using a structural gravity model based on worldwide panel data for the period 1948â2012, we approximate the OCP through two dummy variables: the vote by countries of the UN resolution about China's recognition in 1971 and the existence of diplomatic ties with China. The first component of the OCP drastically increased on average in trade flows with China regardless of the vote of trading partners concerning this UN resolution as well as that for Taiwan. On average, results suggest that diplomatic relations with China improve bilateral trade flows for China, but a trade-deteriorating effect appears for Taiwan with certain ex-colonies. We also find that the effects of these economic diplomacy components confirm previous results reported for the period studied.