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Document Type

Abstract

Publication Date

12-1-2024

Abstract

Background/Objective: Amidst China's diminishing advantages in raw material and labor costs and facing various trade barriers and protectionism, this study explored the potential for China's sports goods export trade within the RCEP framework to foster sustainable growth and advance the quality development of China's sports industry during the 14th Five-Year Plan.

Methods: Utilizing data from WTO, WDI, HFI, and other reputable databases, this study employed the stochastic frontier attraction model and trade non-efficiency model to analyze China's sports goods export to RCEP member countries from 2008 to 2022. Panel data analysis was conducted using Stata 17.0, including mixed effect regression, fixed effect regression, and random effect regression.

Results: At a 1% significance level, the study detected non-efficiency terms and employed a time-varying stochastic frontier model. China and importing countries' GDP exhibited significant positive effects, while the total population of China and RCEP member countries showed significant negative effects. Although the distance coefficient between countries is positive, it was not statistically significant. Notably, tariff freedom, fiscal freedom, financial freedom, and government expenditure of export countries showed significant negative coefficients at confidence levels of 10%, 5%, 10%, and 10%, respectively. Based on Liu Qingfeng et al.'s quantitative classification, among the 14 RCEP member countries, 9 demonstrated huge potential, 2 showed potential for exploitation, and 3 indicated potential for remodeling.

Conclusion: China's sports goods exported trade to RCEP member countries exhibited a relatively simple product structure and market distribution, yet it demonstrated continuous growth. Factors such as economic development, population size, and income levels of importing countries significantly influenced trade. Moreover, tariff freedom, fiscal freedom, financial freedom, and government expenditure positively impacted export efficiency, while the commercial freedom of exporting countries acted as a hindrance. Overall, there was substantial untapped potential for China's sports goods export trade within RCEP, indicating a need to expand the development space.

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