Cross-border e-commerce (CBEC), as a new driving force to economy, has been flourishing recently. Under the implementation of “10+1” Free Trade Agreement in 2010 and the Upgrade Protocol of “10+1” Free Trade Agreement in 2016, China and ASEAN countries has witnessed a prosperous bilateral CBEC transaction. As early as 2016, ASEAN has become China’s 9th-largest trading partner in CBEC, and China’s 3rd-largest CEBC export market. According to the customs statistical data from 2019 to 2023, China has maintained strong CBEC ties with ASEAN in B2B and petty B2C trade. And estimated bilateral CBEC volume appears an upward movement especially after the year of 2010 and 2016. While how this impressive CBEC trade benefiting from “10+1” FTA affects ASEAN’s economic growth is still less been investigated. Our paper employs a Generalized DID method by examining the exogenous shocks from “10+1” Free Trade Agreement coming into force in 2016 to answer this question. By empirically analyzing the impact of CBEC on consumers, firms and labor, this study also comprehensively elucidate mechanisms through which CBEC influences macro-economic growth. We find that, first, CBEC reduces firms’ procurement and inventory management cost and improves productivity through spillovers effect, especially for SMEs, to boost international trade. Second, CBEC by reducing information cost, expanding consumption choices and lowering goods’ price for consumers fosters consumption. Third, increasing job opportunities and enhancing labor productivity brought by CBEC lead to a higher income, which promotes higher consumption. Consumption and trade boost economic growth. This paper provides theoretical evidence for further strengthening China-ASEAN economic cooperation and CBEC collaboration.
| Published in | International Journal of Business and Economics Research (Volume 12, Issue 6) |
| DOI | 10.11648/j.ijber.20231206.14 |
| Page(s) | 197-213 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
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Copyright © The Author(s), 2024. Published by Science Publishing Group |
Cross-Border E-commerce, International Trade, Economic Growth, China-ASEAN Free Trade Agreement
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APA Style
(Suri Ho), H. T. H., Yi, C., Shen, Y. (2023). Cross-Border E-commerce and Economic Growth: Evidence from the “10+1” Free Trade Agreement. International Journal of Business and Economics Research, 12(6), 197-213. https://doi.org/10.11648/j.ijber.20231206.14
ACS Style
(Suri Ho), H. T. H.; Yi, C.; Shen, Y. Cross-Border E-commerce and Economic Growth: Evidence from the “10+1” Free Trade Agreement. Int. J. Bus. Econ. Res. 2023, 12(6), 197-213. doi: 10.11648/j.ijber.20231206.14
AMA Style
(Suri Ho) HTH, Yi C, Shen Y. Cross-Border E-commerce and Economic Growth: Evidence from the “10+1” Free Trade Agreement. Int J Bus Econ Res. 2023;12(6):197-213. doi: 10.11648/j.ijber.20231206.14
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Download@article{10.11648/j.ijber.20231206.14,
author = {Ho Thi Hang (Suri Ho) and Can Yi and Yao Shen},
title = {Cross-Border E-commerce and Economic Growth: Evidence from the “10+1” Free Trade Agreement},
journal = {International Journal of Business and Economics Research},
volume = {12},
number = {6},
pages = {197-213},
doi = {10.11648/j.ijber.20231206.14},
url = {https://doi.org/10.11648/j.ijber.20231206.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20231206.14},
abstract = {Cross-border e-commerce (CBEC), as a new driving force to economy, has been flourishing recently. Under the implementation of “10+1” Free Trade Agreement in 2010 and the Upgrade Protocol of “10+1” Free Trade Agreement in 2016, China and ASEAN countries has witnessed a prosperous bilateral CBEC transaction. As early as 2016, ASEAN has become China’s 9th-largest trading partner in CBEC, and China’s 3rd-largest CEBC export market. According to the customs statistical data from 2019 to 2023, China has maintained strong CBEC ties with ASEAN in B2B and petty B2C trade. And estimated bilateral CBEC volume appears an upward movement especially after the year of 2010 and 2016. While how this impressive CBEC trade benefiting from “10+1” FTA affects ASEAN’s economic growth is still less been investigated. Our paper employs a Generalized DID method by examining the exogenous shocks from “10+1” Free Trade Agreement coming into force in 2016 to answer this question. By empirically analyzing the impact of CBEC on consumers, firms and labor, this study also comprehensively elucidate mechanisms through which CBEC influences macro-economic growth. We find that, first, CBEC reduces firms’ procurement and inventory management cost and improves productivity through spillovers effect, especially for SMEs, to boost international trade. Second, CBEC by reducing information cost, expanding consumption choices and lowering goods’ price for consumers fosters consumption. Third, increasing job opportunities and enhancing labor productivity brought by CBEC lead to a higher income, which promotes higher consumption. Consumption and trade boost economic growth. This paper provides theoretical evidence for further strengthening China-ASEAN economic cooperation and CBEC collaboration.
},
year = {2023}
}
TY - JOUR T1 - Cross-Border E-commerce and Economic Growth: Evidence from the “10+1” Free Trade Agreement AU - Ho Thi Hang (Suri Ho) AU - Can Yi AU - Yao Shen Y1 - 2023/12/14 PY - 2023 N1 - https://doi.org/10.11648/j.ijber.20231206.14 DO - 10.11648/j.ijber.20231206.14 T2 - International Journal of Business and Economics Research JF - International Journal of Business and Economics Research JO - International Journal of Business and Economics Research SP - 197 EP - 213 PB - Science Publishing Group SN - 2328-756X UR - https://doi.org/10.11648/j.ijber.20231206.14 AB - Cross-border e-commerce (CBEC), as a new driving force to economy, has been flourishing recently. Under the implementation of “10+1” Free Trade Agreement in 2010 and the Upgrade Protocol of “10+1” Free Trade Agreement in 2016, China and ASEAN countries has witnessed a prosperous bilateral CBEC transaction. As early as 2016, ASEAN has become China’s 9th-largest trading partner in CBEC, and China’s 3rd-largest CEBC export market. According to the customs statistical data from 2019 to 2023, China has maintained strong CBEC ties with ASEAN in B2B and petty B2C trade. And estimated bilateral CBEC volume appears an upward movement especially after the year of 2010 and 2016. While how this impressive CBEC trade benefiting from “10+1” FTA affects ASEAN’s economic growth is still less been investigated. Our paper employs a Generalized DID method by examining the exogenous shocks from “10+1” Free Trade Agreement coming into force in 2016 to answer this question. By empirically analyzing the impact of CBEC on consumers, firms and labor, this study also comprehensively elucidate mechanisms through which CBEC influences macro-economic growth. We find that, first, CBEC reduces firms’ procurement and inventory management cost and improves productivity through spillovers effect, especially for SMEs, to boost international trade. Second, CBEC by reducing information cost, expanding consumption choices and lowering goods’ price for consumers fosters consumption. Third, increasing job opportunities and enhancing labor productivity brought by CBEC lead to a higher income, which promotes higher consumption. Consumption and trade boost economic growth. This paper provides theoretical evidence for further strengthening China-ASEAN economic cooperation and CBEC collaboration. VL - 12 IS - 6 ER -
School of Economics, Shanghai University, Shanghai, China
School of Economics, Nankai University, Tianjin, China
School of Economics, Shanghai University, Shanghai, China
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