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How critical product imports’ spillover effects drive China’s high-quality development

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  • Deng, Kaixin
  • Ma, Jingmei

Abstract

Using data from the CEPII-BACI database and the China High-Tech Industry Statistical Yearbook, this study quantifies critical product imports (ImpCP) and measures export quality (EQ) using the ternary marginal decomposition framework. We construct a panel dataset for empirical analysis, revealing a significant positive relationship between ImpCP and EQ. The results remain valid across multiple robustness tests, with stronger impact observed for industries with greater absorptive capacity. Further analysis examines the forward and backward spillover channels linking ImpCP to EQ. Under China’s dual circulation pattern, the findings provide policy implications for high-quality export development.

Suggested Citation

  • Deng, Kaixin & Ma, Jingmei, 2026. "How critical product imports’ spillover effects drive China’s high-quality development," Finance Research Letters, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:finlet:v:88:y:2026:i:c:s1544612325024298
    DOI: 10.1016/j.frl.2025.109180
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