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East Asian Supply Chains and Relative Prices: A survey of the evidence

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  • THORBECKE, Willem

Abstract

This paper provides an analytical description of East Asian supply chains. The data indicate that they have become more and more centered on China. In a value-added sense, though, East Asia as a whole is running surpluses against the West. The paper then surveys evidence from a variety of sources indicating that an appreciation throughout East Asian supply chain countries would help to rebalance trade within regional production networks.

Suggested Citation

  • THORBECKE, Willem, 2012. "East Asian Supply Chains and Relative Prices: A survey of the evidence," Policy Discussion Papers 12006, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:polidp:12006
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    File URL: https://www.rieti.go.jp/jp/publications/pdp/12p006.pdf
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    References listed on IDEAS

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    1. Cheung, Yin-Wong & Chinn, Menzie D. & Qian, XingWang, 2012. "Are Chinese trade flows different?," Journal of International Money and Finance, Elsevier, vol. 31(8), pages 2127-2146.
    2. Willem Thorbecke & Gordon Smith, 2010. "How Would an Appreciation of the Renminbi and Other East Asian Currencies Affect China's Exports?," Review of International Economics, Wiley Blackwell, vol. 18(1), pages 95-108, February.
    3. Xing, Yuqing, 2011. "Processing Trade, Exchange Rates, and the People’s Republic of China’s Bilateral Trade Balances," ADBI Working Papers 270, Asian Development Bank Institute.
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    6. Xing, Yuqing, 2012. "Processing trade, exchange rates and China's bilateral trade balances," Journal of Asian Economics, Elsevier, vol. 23(5), pages 540-547.
    7. Daisuke Hiratsuka, 2011. "Production Networks in Asia : A Case Study from the Hard Disk Drive Industry," Microeconomics Working Papers 23235, East Asian Bureau of Economic Research.
    8. Ma, Guonan & McCauley, Robert N., 2011. "The evolving renminbi regime and implications for Asian currency stability," Journal of the Japanese and International Economies, Elsevier, vol. 25(1), pages 23-38, March.
    9. Nobuaki Yamashita, 2011. "The Currency of the People’s Republic of China and Production Fragmentation," Macroeconomics Working Papers 23209, East Asian Bureau of Economic Research.
    10. Thorbecke, Willem & Kato, Atsuyuki, 2011. "The Effect of Exchange Rate Changes on Japanese Consumption Exports," ADBI Working Papers 298, Asian Development Bank Institute.
    11. Michel Aglietta & Claire Labonne & Françoise Lemoine, 2011. "Exchange Rate Policy and Regional Integration in Asia," La Lettre du CEPII, CEPII research center, issue 307.
    12. Yuqing Xing, 2011. "Processing Trade, Exchange Rates, and the People’s Republic of China’s Bilateral Trade Balances," Macroeconomics Working Papers 23266, East Asian Bureau of Economic Research.
    13. Sarah Y. Tong & Yi Zheng, 2008. "China's Trade Acceleration and the Deepening of an East Asian Regional Production Network," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 16(1), pages 66-81, January.
    14. Jaime Marquez & John Schindler, 2007. "Exchange‐rate Effects on China's Trade," Review of International Economics, Wiley Blackwell, vol. 15(5), pages 837-853, November.
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    16. repec:zbw:bofitp:2012_014 is not listed on IDEAS
    17. Thorbecke, Willem, 2011. "Investigating the effect of exchange rate changes on china's processed exports," Journal of the Japanese and International Economies, Elsevier, vol. 25(2), pages 33-46, June.
    18. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal-Kesenci, 2005. "China’s Integration in East Asia: Production Sharing, FDI & High-Tech Trade," Working Papers 2005-09, CEPII research center.
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    Cited by:

    1. Pontines, Victor, 2015. "How useful is an Asian Currency Unit (ACU) index for surveillance in East Asia?," Economic Systems, Elsevier, vol. 39(2), pages 269-287.

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