Analysis of the influence factors of international trade flows based on the trade gravity model and the data of China's empirical

Abstract

Although traditional international trade theory explains the cause of trade and it is concluded that the trade is good for participating countries economic development and raise welfare, it did not explain the key factors of trade flows. This article uses China and its major trading partners of the data analysis of the key factors of China's international trade. The results found that gravity model can well reveal factors that affect trade flows between China and its major trading partners.