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Asian Fragmentation in the Global Financial Crisis

  • Toshihiro Okubo
  • Fukunari Kimura
  • Nozomu Teshima

This paper studies the impact of the Global Financial Crisis of 2008 on Japanese exports, focusing on international production networks in machinery sectors. For our survival analysis, we estimate a Cox proportional hazards model. Consequently, we find that Japanese exports to Asian countries, parts and components trade in particular, were less likely to stop during the crisis. Even if they stopped, such trade is more likely to be revived. Therefore, regardless of the worldwide economic crisis, Japan maintained trade relationships in parts and components in the machinery sectors.

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File URL: https://cama.crawford.anu.edu.au/sites/default/files/publication/cama_crawford_anu_edu_au/2014-03/30_2014_okubo_kimura_teshima.pdf
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Paper provided by Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University in its series CAMA Working Papers with number 2014-30.

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Length: 33 pages
Date of creation: Mar 2014
Date of revision:
Handle: RePEc:een:camaaa:2014-30
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