Inventi Impact: International Trade

Inventi:mit/26472/18

The Effect of Soybean Trade between China and the United States on Chinese Residentsâ??\nConsumption Expenditure - Based on 2004-2016 Trade Data

This paper uses cointegration analysis method to estimate the correlation between\nChina�s per-capita consumption expenditure and the amount of soybean\nimported from the United States. It is found that importing soy from the\nUnited States can reduce China�s per capita consumption expenditure. There\nis a long-term equilibrium between the per capita consumption expenditure\nand the imports of soybean native to the United States. In the short term, one\nof them can have a lasting impact on the other.