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The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

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  • Ran Jing

Abstract

This paper studies the performance of China’s exports during the 2008—2009 financial crisis. It focuses on the speed at which China’s exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important role in explaining how fast exports fall below the values of the same months in the previous year. Exports of capital and intermediate goods show the signs of collapse later than consumption goods; exports of differentiated goods contract sooner than homogeneous ones. Last, products with high shares of processing trade prior to the crisis are hit by the recession earlier than other products.

Suggested Citation

  • Ran Jing, 2011. "The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis," CESifo Working Paper Series 3584, CESifo.
    • Handle: RePEc:ces:ceswps:_3584
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp3584.pdf
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    References listed on IDEAS

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    Cited by:

    1. Salvador Gil-Pareja & Rafael Llorca-Vivero & José Antonio Martínez-Serrano, 2017. "Does the Degree of Development Matter in the Impact of Banking Crises on International Trade?," Review of Development Economics, Wiley Blackwell, vol. 21(3), pages 829-848, August.

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    More about this item

    Keywords

    China; exports collapse; speed; duration analysis;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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