An empirical analysis of bilateral trade relations between Kazakhstan and China

Piratdin Allayarov

An empirical analysis of bilateral trade relations between Kazakhstan and China

Авторы

Piratdin Allayarov a:1:{s:5:"ru_RU";s:38:"Tashkent State University of Economics";}

Ключевые слова:

Bilateral trade, intra-industry trade, trade reciprocity, trade intensity

Аннотация

The aim of this research study is to investigate the bilateral trade relations between Kazakhstan and China and tries to answer the questions whether trade between Kazakhstan and China is balanced, whether the trade composition has been changed over period, and to gauge the Kazakhstan’s position in China’s markets and vice versa. For this purpose, this study employed trade indices such as intra-industry trade indices, trade reciprocity, and trade intensity index over the period 1995-2014. The intra-industry trade results indicate that trade composition has been changed over the years and now intra-industry trade is high in non-manufactured products than at the start of the period. Furthermore, results of the study confirm that trade between Kazakhstan and China has been increased however, it is not balanced. Besides this study finds that Kazakhstan lost its market position in China while the extent of China’s exports position has been strengthened during the study period. There is potential to balance the bilateral trade and both governments have to minimize the obstacles to bilateral trade.

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An empirical analysis of bilateral trade relations between Kazakhstan and China