Modern Economy

Volume 9, Issue 6 (June 2018)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

The Effect of Soybean Trade between China and the United States on Chinese Residents’ Consumption Expenditure—Based on 2004-2016 Trade Data

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DOI: 10.4236/me.2018.96067    591 Downloads   1,217 Views   Citations
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ABSTRACT

This paper uses cointegration analysis method to estimate the correlation between China’s per-capita consumption expenditure and the amount of soybean imported from the United States. It is found that importing soy from the United States can reduce China’s per capita consumption expenditure. There is a long-term equilibrium between the per capita consumption expenditure and the imports of soybean native to the United States. In the short term, one of them can have a lasting impact on the other.

Cite this paper

Qi, Y. and Qi, Q. (2018) The Effect of Soybean Trade between China and the United States on Chinese Residents’ Consumption Expenditure—Based on 2004-2016 Trade Data. Modern Economy, 9, 1045-1053. doi: 10.4236/me.2018.96067.

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