Transformations  in
Business & Economics

THE ECONOMIC EFFECT OF CROSS-BORDER E-COMMERCE TECHNOLOGY SHOCKS
Weihua Su, Yuying Wang, Chonghui Zhang, Shouzhen Zeng

ABSTRACT. Based on the characteristics of the cross-border e-commerce, this article has established an open dynamic stochastic general equilibrium model that includes non-trade firms, cross-border e-commerce firms, and non-cross-border e-commerce firms, and has introduced a cross-border e-commerce export intermediary to the model, this paper quantitatively analyses the transmission path and influence of cross-border e-commerce technology shocks on macroeconomic variables. On this basis, we also compared and analysed the determinants of the impact of cross-border e-commerce technology shocks on domestic traded goods under different parameter values. The results show that cross-border e-commerce technology shocks can significantly improve China's output, but its inhibition effect on foreign output and domestic and foreign consumption is not obvious. For firms in our model, the cross-border e-commerce technology shocks has the greatest impact on the output and consumption of cross-border e-commerce goods, followed by the output and consumption of non-cross-border e-commerce goods, and the least impact on the output and consumption of non-traded goods. In addition, under different values of parameters, cross-border e-commerce technology shocks generates opposite effects on domestic traded and non-traded goods output .

KEYWORDS:  cross-border E-Commerce, technology shocks, economic effect, open DSGE model, China.

JEL classification:  F41, F19, E32.