Pub Date : 2019-02-01DOI: 10.2991/ICFIED-19.2019.36
Xuejun Zhao
As a traditional industry, the general merchandise industry has formed a complete industry chain and management model. With the rising of the Internet and e-commerce, people's lifestyles and consumption behaviors are gradually changing. Although department stores have undergone some changes in market transformation again and again, traditional department stores are facing heavy competitive pressure and may even go under. The paper analyses the present situation of the domestic department stores, summarizes some countermeasures and suggestions based on the case of a department store, which are expected to play a role in upgrading and transforming the general merchandise industry.
{"title":"Countermeasures on the Upgrading and Transformation of the Traditional General Merchandise Industry in the Internet age","authors":"Xuejun Zhao","doi":"10.2991/ICFIED-19.2019.36","DOIUrl":"https://doi.org/10.2991/ICFIED-19.2019.36","url":null,"abstract":"As a traditional industry, the general merchandise industry has formed a complete industry chain and management model. With the rising of the Internet and e-commerce, people's lifestyles and consumption behaviors are gradually changing. Although department stores have undergone some changes in market transformation again and again, traditional department stores are facing heavy competitive pressure and may even go under. The paper analyses the present situation of the domestic department stores, summarizes some countermeasures and suggestions based on the case of a department store, which are expected to play a role in upgrading and transforming the general merchandise industry.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125155663","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/icfied-19.2019.66
Xiaoyi Liang
The transformation of industrial structure and economic growth are interdependent and mutually reinforcing. Under certain conditions, the change of industrial structure is the basis of economic growth and the main factor to promote economic growth.This paper summarizes the GDP and the growth rate of three major industries in China from 1992 to 2016.By establishing a multiple linear regression model, this paper studies the contribution of the growth of three major industries to China's economic growth, and concludes the importance of adjusting the industrial structure in transforming the mode of economic development and promoting the sustainable development of China's economy.
{"title":"Study on the Impact of Industrial Structure on GDP and Economic Growth in China Based on Multiple Regression","authors":"Xiaoyi Liang","doi":"10.2991/icfied-19.2019.66","DOIUrl":"https://doi.org/10.2991/icfied-19.2019.66","url":null,"abstract":"The transformation of industrial structure and economic growth are interdependent and mutually reinforcing. Under certain conditions, the change of industrial structure is the basis of economic growth and the main factor to promote economic growth.This paper summarizes the GDP and the growth rate of three major industries in China from 1992 to 2016.By establishing a multiple linear regression model, this paper studies the contribution of the growth of three major industries to China's economic growth, and concludes the importance of adjusting the industrial structure in transforming the mode of economic development and promoting the sustainable development of China's economy.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121207158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/ICFIED-19.2019.22
C. Lv
Agricultural product e-commerce is the key and difficulty of Internet + agriculture, and it is also the only way to develop modern agriculture and increase farmers' income. In recent years, agricultural product e-commerce in Heyuan city is developing fast and has become a new bright spot of the rural economic development and the momentum of transformation and upgrading of agriculture. However, weak rural infrastructure, decentralized production of agricultural products and the lack of e-commerce talents are the obstacles for the development of agricultural product e-commerce in Heyuan. Therefore, this paper puts forward some countermeasures, such as speeding up the construction of standardization system and brand of agricultural products, improving infrastructure construction and strengthening personnel training.
{"title":"Current Situation and Countermeasures of Agricultural Products E-Commerce Development in Heyuan City","authors":"C. Lv","doi":"10.2991/ICFIED-19.2019.22","DOIUrl":"https://doi.org/10.2991/ICFIED-19.2019.22","url":null,"abstract":"Agricultural product e-commerce is the key and difficulty of Internet + agriculture, and it is also the only way to develop modern agriculture and increase farmers' income. In recent years, agricultural product e-commerce in Heyuan city is developing fast and has become a new bright spot of the rural economic development and the momentum of transformation and upgrading of agriculture. However, weak rural infrastructure, decentralized production of agricultural products and the lack of e-commerce talents are the obstacles for the development of agricultural product e-commerce in Heyuan. Therefore, this paper puts forward some countermeasures, such as speeding up the construction of standardization system and brand of agricultural products, improving infrastructure construction and strengthening personnel training.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114523767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/icfied-19.2019.64
Peizhi Wang, Gang Li, Shuqing Pang
Based on the trade data of China's import and export with the countries along the line, the paper calculates and analyzes the proportion and change characteristics of China's total import and export volume with the countries around the world, uses the dominant comparative advantage index , and explores the industrial correlation between China and the countries along the "one belt and one road" based on China's own comparative advantage. Trade tightness. On the basis of this, we introduce the stochastic frontier gravity model and empirically study analysis of the trade efficiency between China and the "one Belt and one Road" countries, in order to look forward to the future trend and development of China's "one belt and one road" initiative.
{"title":"An Analysis of the Potential of Import and Export Trade between China and the Countries along the Belt and Road","authors":"Peizhi Wang, Gang Li, Shuqing Pang","doi":"10.2991/icfied-19.2019.64","DOIUrl":"https://doi.org/10.2991/icfied-19.2019.64","url":null,"abstract":"Based on the trade data of China's import and export with the countries along the line, the paper calculates and analyzes the proportion and change characteristics of China's total import and export volume with the countries around the world, uses the dominant comparative advantage index , and explores the industrial correlation between China and the countries along the \"one belt and one road\" based on China's own comparative advantage. Trade tightness. On the basis of this, we introduce the stochastic frontier gravity model and empirically study analysis of the trade efficiency between China and the \"one Belt and one Road\" countries, in order to look forward to the future trend and development of China's \"one belt and one road\" initiative.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121688565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/icfied-19.2019.48
Yihan Li
Up to now, domestic and foreign scholars have not reached a consensus on the impact of high-speed railways on regional economic development. Beijing-Shanghai High-speed Railway is a high-speed railway with great influence in China, so this paper selects the small and medium-sized cities along the Beijing-Shanghai High-speed Railway in the Yangtze River Delta Economic Circle as the research object. Through the quantitative analysis of DID model, it is concluded that the economic impact of Beijing-Shanghai High-speed Railway on the small and medium-sized cities along the Yangtze River Delta Economic Circle is not significant.
{"title":"Economic impact assessment of Beijing-Shanghai high-speed railway on small and medium-sized cities along the economic circle of Yangtze river delta","authors":"Yihan Li","doi":"10.2991/icfied-19.2019.48","DOIUrl":"https://doi.org/10.2991/icfied-19.2019.48","url":null,"abstract":"Up to now, domestic and foreign scholars have not reached a consensus on the impact of high-speed railways on regional economic development. Beijing-Shanghai High-speed Railway is a high-speed railway with great influence in China, so this paper selects the small and medium-sized cities along the Beijing-Shanghai High-speed Railway in the Yangtze River Delta Economic Circle as the research object. Through the quantitative analysis of DID model, it is concluded that the economic impact of Beijing-Shanghai High-speed Railway on the small and medium-sized cities along the Yangtze River Delta Economic Circle is not significant.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124038336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/ICFIED-19.2019.18
Cong Wang
Based on the review of the research on self-monitoring personality and the construction of social network, this paper is about the relationship and the influence mechanism of the selfmonitoring personality on the inter-organizational social network, which combine the personality analysis in the psychology with the social network analysis in the sociology. Make the research on the possible Impact of CEO's personality difference on the dynamic change of the inter-organizational network to provide the reference for the enterprises to build the optimal social network.
{"title":"The Influence of the Corporate Executive Self-Monitoring Personality on the Characteristics of the Inter-Organizational Social Network","authors":"Cong Wang","doi":"10.2991/ICFIED-19.2019.18","DOIUrl":"https://doi.org/10.2991/ICFIED-19.2019.18","url":null,"abstract":"Based on the review of the research on self-monitoring personality and the construction of social network, this paper is about the relationship and the influence mechanism of the selfmonitoring personality on the inter-organizational social network, which combine the personality analysis in the psychology with the social network analysis in the sociology. Make the research on the possible Impact of CEO's personality difference on the dynamic change of the inter-organizational network to provide the reference for the enterprises to build the optimal social network.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134557717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/ICFIED-19.2019.72
Yaqiong Pan
To solve financing problem of sci-tech SMEs in different enterprise life cycle, this paper uses the panel data of Chinese sci-tech SMEs from 2010 to 2016, establishes individual fixed effect model to examine financing preference of sci-tech finance including government finance, capital market, commercial bank, and venture capital, and to assess financing performance for sci-tech SMEs. The results show that: as a whole, capital market channel positively promotes the innovation and development performance of sci-tech SMEs; but in different enterprise life cycle, different sci-tech finance preference have different performance on sci-tech SMEs. In the growth period, the capital market and government finance are the main channels. In the mature period, the capital market and commercial bank support are the chief factors. But in the recession period, SMEs primarily rely on government finance.
{"title":"Research on Financing Preference and Performance of Sci-tech Finance for Sci-tech SMEs","authors":"Yaqiong Pan","doi":"10.2991/ICFIED-19.2019.72","DOIUrl":"https://doi.org/10.2991/ICFIED-19.2019.72","url":null,"abstract":"To solve financing problem of sci-tech SMEs in different enterprise life cycle, this paper uses the panel data of Chinese sci-tech SMEs from 2010 to 2016, establishes individual fixed effect model to examine financing preference of sci-tech finance including government finance, capital market, commercial bank, and venture capital, and to assess financing performance for sci-tech SMEs. The results show that: as a whole, capital market channel positively promotes the innovation and development performance of sci-tech SMEs; but in different enterprise life cycle, different sci-tech finance preference have different performance on sci-tech SMEs. In the growth period, the capital market and government finance are the main channels. In the mature period, the capital market and commercial bank support are the chief factors. But in the recession period, SMEs primarily rely on government finance.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122069719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/ICFIED-19.2019.24
Lulu Li
This paper uses 403 P2P platforms’ data from January 2014 to June 2018 in China, and uses the mediation effect model to analyze according to the different equity background. It is found that the P2P platform can increase volume of transaction in the case of venture capital, state-owned enterprises, listed companies, and banks, and it acts through two paths. On the one hand, in the case of venture capital, state-owned enterprises, listed companies, and banks, the credit level of the platform has been implicitly guaranteed, which has led to an increase in the number of investors and borrowers. This intermediary effect has increased the volume of transaction of the platform; On the other hand, under the above circumstances, the platform's technical level, financial strength and other comprehensive operational capabilities are higher, directly increasing the volume of transaction. Through data analysis, the equity background of this platform has a greater impact on investors. There are also differences in the impact of different equity backgrounds on platform volume of transaction.
{"title":"Study on the Effect Path of Different Equity Backgrounds on the Volume of Transaction of P2P","authors":"Lulu Li","doi":"10.2991/ICFIED-19.2019.24","DOIUrl":"https://doi.org/10.2991/ICFIED-19.2019.24","url":null,"abstract":"This paper uses 403 P2P platforms’ data from January 2014 to June 2018 in China, and uses the mediation effect model to analyze according to the different equity background. It is found that the P2P platform can increase volume of transaction in the case of venture capital, state-owned enterprises, listed companies, and banks, and it acts through two paths. On the one hand, in the case of venture capital, state-owned enterprises, listed companies, and banks, the credit level of the platform has been implicitly guaranteed, which has led to an increase in the number of investors and borrowers. This intermediary effect has increased the volume of transaction of the platform; On the other hand, under the above circumstances, the platform's technical level, financial strength and other comprehensive operational capabilities are higher, directly increasing the volume of transaction. Through data analysis, the equity background of this platform has a greater impact on investors. There are also differences in the impact of different equity backgrounds on platform volume of transaction.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116750697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/icfied-19.2019.9
Zhi-hua Chang
Railway is not only related to transportation and business but also a basis of public’s living quality, getting government focused and policy supported. With the economy growing, railway construction business is focused by investors. Many firms have difficulties such as high asset-liability ratio, the great demand of financing and so on. Firms borrow a lot in order to solve financial problem. Therefore, there is a connection between solvency assessment and railway construction. This paper gather adequate literatures which have different solvency ratios then we select the ratios used frequently. In order to overcome the limitations of solvency ratios, some ratios are reformed. After that we use the original ratios to assess railway firms, then compare them with the improved solvency ratios to figure out if there is any substantial difference. Eventually, after a series of calculations and assessments, we provide with improvement strategies for corporations to promote solvency. The conclusions of this paper is meaningful.
{"title":"Solvency Analysis of Chinese Railway Construction Listed Companies","authors":"Zhi-hua Chang","doi":"10.2991/icfied-19.2019.9","DOIUrl":"https://doi.org/10.2991/icfied-19.2019.9","url":null,"abstract":"Railway is not only related to transportation and business but also a basis of public’s living quality, getting government focused and policy supported. With the economy growing, railway construction business is focused by investors. Many firms have difficulties such as high asset-liability ratio, the great demand of financing and so on. Firms borrow a lot in order to solve financial problem. Therefore, there is a connection between solvency assessment and railway construction. This paper gather adequate literatures which have different solvency ratios then we select the ratios used frequently. In order to overcome the limitations of solvency ratios, some ratios are reformed. After that we use the original ratios to assess railway firms, then compare them with the improved solvency ratios to figure out if there is any substantial difference. Eventually, after a series of calculations and assessments, we provide with improvement strategies for corporations to promote solvency. The conclusions of this paper is meaningful.","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116228569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-02-01DOI: 10.2991/icfied-19.2019.65
Peizhi Wang, Shuqing Pang, Gang Li
Since the establishment of diplomatic relations between China and the United States, the economy between the two countries has been developing rapidly, but it also inevitably brings about a lot of trade friction.On the issue of trade war that has just started, this article first analyzes the trade structure between China and the United States by calculating the Comparative Advantage Index.Then this article puts forward several real reasons for Sino-US trade friction based on the empirical analysis. Finally, the relevant countermeasures are briefly introduced at the end of the article. 1. Analyze the comparative advantages of the two countries by using RCA index Before we analyze the reasons why the trade gap between China and the United States has increased year by year, an important indicator should be used to analyze the comparative advantages of China and the United States in trade to show the structure of trade between China and the United States. The Revealed Comparative Advantage Index is proposed by the American economist and is used to reflect the Comparative advantages of a certain industry of a country relative to the world average level.The formula is as follows: wt wj it ij ij X X X X RCA = . (1) Among them, ij RCA means the The Revealed Comparative Advantage Index of product j in country i. ij X shows the value of country i export product j. it X means the total export value of country i. wj X shows that the total value of all the countries in the world export product j. wt X represents total world exports to all products. Generally speaking, if the RCA index is greater than 2.5, it indicates that the country has a very strong comparative advantage in such products.If the RCA index is greater than 1.25 and less than 2.5, it indicates that the country has a strong comparative advantage in such products. If the RCA index is larger than 0.8 and smaller than 1.25, the country's international competitiveness of such products is considered to be strong. However, if the RCA index is lower than 0.8, it indicates that the country does not have a comparative advantage in international competition. Table 1. China's export RCA index for all types of products from 2008 to 2017 Year and product category 2008 2009 201
中美建交以来，两国经济发展迅速，但也不可避免地带来了很多贸易摩擦。针对刚刚打响的贸易战问题，本文首先通过计算比较优势指数对中美贸易结构进行分析。然后在实证分析的基础上，提出了中美贸易摩擦的几个真实原因。最后，在文章的最后简要介绍了相关对策。1. 在分析中美贸易逆差逐年扩大的原因之前，我们应该用一个重要的指标来分析中美贸易的比较优势，以显示中美之间的贸易结构。显性比较优势指数是由美国经济学家提出的，用来反映一国某一产业相对于世界平均水平的比较优势。公式为:wt wj it ij ij X X X RCA =。(1)其中，ijrca表示第i国产品j的显性比较优势指数，ijx表示第i国出口产品j的价值，X表示第i国出口产品j的总价值，wjx表示世界上所有国家出口产品j的总价值，wjx表示世界对所有产品的出口总额。一般来说，如果RCA指数大于2.5，则表明该国在此类产品上具有很强的比较优势。如果RCA指数大于1.25且小于2.5，则表明该国在该产品上具有较强的比较优势。如果RCA指数大于0.8且小于1.25，则认为该产品的国际竞争力较强。然而，如果RCA指数低于0.8，则表明该国在国际竞争中不具有比较优势。表1。2008年至2017年中国出口各类产品RCA指数及2008年至2009年产品类别
{"title":"An analysis of the causes of the Sino-US trade war","authors":"Peizhi Wang, Shuqing Pang, Gang Li","doi":"10.2991/icfied-19.2019.65","DOIUrl":"https://doi.org/10.2991/icfied-19.2019.65","url":null,"abstract":"Since the establishment of diplomatic relations between China and the United States, the economy between the two countries has been developing rapidly, but it also inevitably brings about a lot of trade friction.On the issue of trade war that has just started, this article first analyzes the trade structure between China and the United States by calculating the Comparative Advantage Index.Then this article puts forward several real reasons for Sino-US trade friction based on the empirical analysis. Finally, the relevant countermeasures are briefly introduced at the end of the article. 1. Analyze the comparative advantages of the two countries by using RCA index Before we analyze the reasons why the trade gap between China and the United States has increased year by year, an important indicator should be used to analyze the comparative advantages of China and the United States in trade to show the structure of trade between China and the United States. The Revealed Comparative Advantage Index is proposed by the American economist and is used to reflect the Comparative advantages of a certain industry of a country relative to the world average level.The formula is as follows: wt wj it ij ij X X X X RCA = . (1) Among them, ij RCA means the The Revealed Comparative Advantage Index of product j in country i. ij X shows the value of country i export product j. it X means the total export value of country i. wj X shows that the total value of all the countries in the world export product j. wt X represents total world exports to all products. Generally speaking, if the RCA index is greater than 2.5, it indicates that the country has a very strong comparative advantage in such products.If the RCA index is greater than 1.25 and less than 2.5, it indicates that the country has a strong comparative advantage in such products. If the RCA index is larger than 0.8 and smaller than 1.25, the country's international competitiveness of such products is considered to be strong. However, if the RCA index is lower than 0.8, it indicates that the country does not have a comparative advantage in international competition. Table 1. China's export RCA index for all types of products from 2008 to 2017 Year and product category 2008 2009 201","PeriodicalId":402406,"journal":{"name":"Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116937645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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