People's Republic of China as an engine of growth for developing Asia?

Donghyun Park, Kwanho Shin

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Developing Asia has traditionally relied on exports to the United States and other industrialized countries for demand and growth. As a result, the collapse of exports to the United States and other industrialized countries during the 2008-09 global financial crisis has sharply curtailed GDP growth across the region. The emergence of the People's Republic of China (PRC) as a globally influential economic force is fueling hopes that it can supplement the United States as an additional source of demand and growth. The central objective of this paper is to investigate whether exports to the PRC has a significant and positive effect on the GDP of eight developing Asian countries. Although the study's results indicate that exports to the PRC contributed to developing Asian countries' recovery from the global crisis, it is far too early to make well-informed judgments about the PRC's ability to support Asia's growth in the medium and long term.

Original languageEnglish
Pages (from-to)120-163
Number of pages44
JournalAsian Economic Papers
Volume10
Issue number2
DOIs
Publication statusPublished - 2011 Jun 1

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China
demand
financial crisis
supplement
Asia
ability
economics
Asian countries
Developed countries
Global crisis
GDP growth
Global financial crisis
Economics

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance
  • Political Science and International Relations

Cite this

People's Republic of China as an engine of growth for developing Asia? / Park, Donghyun; Shin, Kwanho.

In: Asian Economic Papers, Vol. 10, No. 2, 01.06.2011, p. 120-163.

Research output: Contribution to journalArticle

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