2011
DOI: 10.1016/j.econmod.2011.06.007
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Short- and long-term impact of remarkable economic events on the growth causes of China–Germany trade in agri-food products

Abstract: Short-and long-term impact of remarkable economic events on the growth causes of China-Germany trade in agri-food products Zhichao Guo, Yuanhua Feng, and Xiangyong Tan

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Cited by 5 publications
(5 citation statements)
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“…If a level-shift is detected as a rate-shift, we will haveθ(T 0 ) ≈ γ(T 0 )/T 0 . If a rate-shift is detected as a level-shift, we will havê Guo et al (2011) proposed to use a second order polynomial as in the first step. It is however found that, in most of the cases, some of the coefficients are insignificant and the fitted models are unstable, because now the number of observations is much smaller than that in the first step.…”
mentioning
confidence: 99%
“…If a level-shift is detected as a rate-shift, we will haveθ(T 0 ) ≈ γ(T 0 )/T 0 . If a rate-shift is detected as a level-shift, we will havê Guo et al (2011) proposed to use a second order polynomial as in the first step. It is however found that, in most of the cases, some of the coefficients are insignificant and the fitted models are unstable, because now the number of observations is much smaller than that in the first step.…”
mentioning
confidence: 99%
“…In this sub-section, we will use some examples to confirm the theoretical results in Sections 3 and 4 in detail. The period from 2004 to 2008 is considered, because the trade development between China and Germany within this period is more stable without structural breaks (see Guo et al, 2011). At first, results of the three-level tree-form CMS model are listed in Table 1, which corresponds to the terms of Model (2).…”
Section: Numerical Evidence Of the Theoretical Resultsmentioning
confidence: 99%
“…For data classified at two levels, Toh et al (2004) and Lu and Mei (2007) propose to fit a CMS model first only using data of the first-level categories and then to fit one CMS model to each first-level category using data of the second-level sub-categories. Guo et al (2011) call this a hierarchical CMS model and discuss its theoretical background briefly, which only involves data at two levels and can be iteratively used at each level using data classified at the next level. The hierarchical CMS model is easy to understand and easy to use.…”
Section: Introductionmentioning
confidence: 99%
“…They also identified the improved production and export of higher value-added products as key factors of competitiveness. Measuring competitiveness with the Constant Market Share (CMS) model, Guo et al [41] distinguished short and long-term impacts. Both the CAP reform in Germany (1999) and the WTO accession in China (2001) caused negative short-term impacts in the Germany-China relationship; however, there were positive long-term impacts on their agri-food trade.…”
Section: Regional and Country-level Analysesmentioning
confidence: 99%