| Citation: |
Song Linshu, Xie Bingyao, Shan Jun, Wang Hao, Song Weiming. Local Market Effect，Factor Endowment and the Relative Scale of Wooden Furniture Trade in China[J]. Journal of Beijing Forestry University (Social Science). DOI: 10.13931/j.cnki.bjfuss.2023066
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Based on the wooden furniture trade data between China and 16 major wooden furniture trading partners from 1992 to 2019, this paper empirically analyzes the influence of local market effect and factor endowment advantage on the relative scale of wooden furniture trade. The results show that the local market effect has an important impact on the relative scale of wooden furniture trade, and has surpassed the traditional factor endowment advantage, and become the main driving force to promote the growth of trade scale. From the subdivision of wooden furniture, this conclusion is also generally true. Therefore, based on the mechanism of local market effect, we can foster domestic demand and reduce the comprehensive trade cost of furniture products to promote a virtuous cycle between the development of furniture industry and the improvement of living standards of domestic residents, so as to enhance the effect of local market and promote the development of international trade of furniture.
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