The role of China in Asia: engine, conduit, or steamroller?
AbstractThis paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial countries, and as a competitor for export markets. We provide both macroeconomic and microeconomic evidence. The macroeconomic analysis focuses on the impact of U.S. and Chinese demand on the output of the Asian economies by estimating growth comovements and VARs. The results suggest an increasing role of China as an independent source of growth. The microeconomic analysis decomposes trade into basic products, parts and components, and finished goods. We find a large role for parts and components trade consistent with China playing an important and increasing role as a conduit. We also estimate some regressions that show that China's increasing presence in export markets has had a negative effect on exports of some products for some other Asian economies, but not for other products, including those of the important electronic high-technology industry.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Board of Governors of the Federal Reserve System (U.S.) in its series International Finance Discussion Papers with number 904.
Date of creation: 2007
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-13 (All new papers)
- NEP-CNA-2007-10-13 (China)
- NEP-DEV-2007-10-13 (Development)
- NEP-INT-2007-10-13 (International Trade)
- NEP-SEA-2007-10-13 (South East Asia)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Park, Donghyun & Shin, Kwanho, 2009.
"Can Trade with the People’s Republic of China be an Engine of Growth for Developing Asia?,"
ADB Economics Working Paper Series
172, Asian Development Bank.
- Park, Donghyun & Shin, Kwanho, 2010. "Can Trade with the People’s Republic of China Be an Engine of Growth for Developing Asia ," Asian Development Review, Asian Development Bank, vol. 27(1), pages 160-181.
- Allegret, Jean-Pierre & Essaadi, Essahbi, 2011.
"Business cycles synchronization in East Asian economy: Evidences from time-varying coherence study,"
Elsevier, vol. 28(1-2), pages 351-365, January.
- Allegret, Jean-Pierre & Essaadi, Essahbi, 2011. "Business cycles synchronization in East Asian economy: Evidences from time-varying coherence study," Economic Modelling, Elsevier, vol. 28(1), pages 351-365.
- Pula, Gabor & Daniel Santabarbara, Daniel, 2012.
"Is China climbing up the quality ladder?,"
BOFIT Discussion Papers
23/2012, Bank of Finland, Institute for Economies in Transition.
- Pula, Gabor & Santabárbara, Daniel, 2011. "Is China climbing up the quality ladder? Estimating cross country differences in product quality using Eurostat's COMEXT trade database," Working Paper Series 1310, European Central Bank.
- Gabor Pula & Daniel Santabárbara, 2012. "Is china climbing up the quality ladder?," Banco de Espaï¿½a Working Papers 1209, Banco de Espa�a.
- Shafaeddin, Mehdi, 2008. "South-South Regionalism And Trade Cooperation In The Asia-Pacific Region," MPRA Paper 10886, University Library of Munich, Germany.
- Ivan Roberts & Anthony Rush, 2010. "Sources of Chinese Demand for Resource Commodities," RBA Research Discussion Papers rdp2010-08, Reserve Bank of Australia.
- Soyoung Kim & Jong‐Wha Lee & Cyn‐Young Park, 2011.
"Emerging Asia: Decoupling or Recoupling,"
The World Economy,
Wiley Blackwell, vol. 34(1), pages 23-53, 01.
- Hongyi Chen & Lars Jonung & Olaf Unteroberdoerster, 2009.
"Lessons for China from financial liberalization in Scandinavia,"
European Economy - Economic Papers
383, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
- Hongyi Chen & Lars Jonung & Olaf Unteroberdoerster, 2009. "Lessons for China from Financial Liberalization in Scandinavia," Working Papers 262009, Hong Kong Institute for Monetary Research.
- Park, Donghyun & Shin, Kwanho, 2009. "The People’s Republic of China as an Engine of Growth for Developing Asia? Evidence from Vector Autoregression Models," ADB Economics Working Paper Series 175, Asian Development Bank.
- Zhiwei Zhang, 2008. "Can Demand from China Shield East Asian Economies from Global Slowdown?," Working Papers 0819, Hong Kong Monetary Authority.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kris Vajs).
If references are entirely missing, you can add them using this form.