China and Emerging Asia: Comrades or Competitors?
By Alan G. Ahearne, John G. Fernald, Prakash Loungani, John W. Schindler. 2003
120 citations recorded by the source corpus.
Do increases in China's exports reduce exports of other emerging Asian economies? We find that correlations between Chinese export growth and that of other emerging Asian economies are actually positive (though usually not significant), even after controlling for trading-partner income growth and real effective exchange rates. We also present results from a VAR estimation of aggregate trade equations on the relative importance of foreign income and exchange rates in determining Asian export growth. Although exchange rates do matter for export performance, the income growth of trading partners matters even more. In addition, we examine specific products and find evidence that a considerable shifting of trade patterns is taking place, consistent with a 'flying geese' pattern in which China and ASEAN-4 move into the product space vacated by the NIEs. Our results suggest that China and emerging Asia are both comrades (overall) and competitors (in specific products).
Subfields: Development
View Paper: https://www.semanticscholar.org/paper/879de9a44e94d88edbb961e3052e37e8512df944
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Development
Citations in the corpus
- Temporal Causality and the Dynamics of Exports, Human Capital and Real Income in China (2004, background): “Ahearne et al. (2003) examine whether increases in China’s exports reduce exports of other emerging Asian economies.”
- The Impact of China on the Exports of Other Asian Countries (2004, background): “6 Ahearne et al. (2003), p.21. has a positive impact on the exports of Japan and the NIEs (Hong Kong, South Korea, Singapore and Taiwan), due mainly to the increase in their exports to China of high quality textile and electronics inputs (along with miscellaneous exports of processing industries).”
- China's Current Account and Exchange Rate (2009, unknown): “22 For a discussion of the complementary/substituting aspect of Chinese and ASEAN trade, see Ahearne et al. (2003). 23 See also the discussion in Fung and Lau (2001).”
- China's Embrace of Globalization (2006, result): “51 This finding contrasts with the earlier work of Ahearne et al. (2003). Using aggregate trade data, these authors found little evidence of a statistically significant relationship between Chinese exports and the exports of its Asian neighbors, although the estimated coefficients tended to be posit”