Effects of China's Structural Change on the Exports of East Asian Economies

Hyun Hoon Lee, Donghyun Park, Kwanho Shin

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

The Chinese economy is slowing down and is in the midst of a structural transformation from export-led and investment-led growth to domestic demand-led and consumption-led growth. While there are widespread concerns among China's trading partners about the effect of the slowdown in China's growth on their exports, China's structural changes are also likely to have a significant impact: for example, China will import fewer machines and more cosmetics. The central objective of the present paper is to empirically examine the effect of China's structural transformation on the exports of East Asian economies, which have close trade linkages with China. We find that economies that have failed to increase the share of consumption goods in their exports to China have suffered larger declines in their quantities of exports to China. In addition, economies that have suffered losses in their shares of China's parts and components imports have faced reductions in their shares in China's total imports.

Original languageEnglish
Pages (from-to)1-30
Number of pages30
JournalChina and World Economy
Volume25
Issue number3
DOIs
Publication statusPublished - 2017 May 1

Keywords

  • China
  • East Asia
  • export
  • global value chain
  • structural change

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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