The Impact of Purchasing Commitment of Phase One Agreement in Sino-US Trade War on US Agricultural Product: By Using Difference-in-Difference Estimation
Title
The Impact of Purchasing Commitment of Phase One Agreement in Sino-US Trade War on US Agricultural Product: By Using Difference-in-Difference Estimation
Subject
Economics
Date
2025
Contributor
Kuo Bao
Abstract
This paper focuses on the effect of the Phase One Agreement, particularly purchasing commitment, on the US agricultural product price. By first identifying the treatment group based on the agreement and setting January 2020 as the treatment time, I conducted a difference-in-difference estimation with time effects. The results show a limited effect on the agricultural product price. The heterogeneity test shows the differences across product groups. Dairy products experienced a significant decline in prices, whereas prices for grains and meat remained largely unchanged
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Citation
Kuo Bao, “The Impact of Purchasing Commitment of Phase One Agreement in Sino-US Trade War on US Agricultural Product: By Using Difference-in-Difference Estimation,” URSS SHOWCASE, accessed September 22, 2025, https://linen-dog.lnx.warwick.ac.uk/items/show/775.