TITLE:
Research on China and the US Service Trade Structures Based on Technical Value Added
AUTHORS:
Xinying Liu, Xiawei Shen
KEYWORDS:
Trade, Technical Value Added, Trade Structure
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.2 No.9,
August
26,
2014
ABSTRACT: China and the United States have
been important partners in service trade. Much research has been done on the traditional
indexes which reflect the two countries’ service trade structure, indicating that
technology is playing an increasingly significant role in international trade. We
use a new index of technical value added to analyze the service trade structure
of the two countries. As a result, we can calculate tradable technical value added
based on the Technical Value Added theory. We also introduce the method to calculate
and measure the service trade’s category according to the classification of the
International Trade Center in China and the US. Finally we figure out the structures
of the service trade in both countries as well as some proposals to optimize the
structure.