File(s) under permanent embargo
Has China displaced its competitors in high tech trade?
journal contribution
posted on 2017-08-01, 00:00 authored by Cong PhamCong Pham, Xuan NguyenXuan Nguyen, Pasquale SgroPasquale Sgro, Xueli TangXueli TangThis paper empirically investigated the extent to which China displaced its competitors in high-tech exports using disaggregated data for the period 1992–2013. To address the endogeneity problem, we used a comprehensive set of instruments for Chinese high-tech exports in relevant markets, including China's GDP and distances to those markets. Results of our IV regressions revealed that in most of the high-tech sectors, Chinese exports had displaced the exports of its developing competitors such as India, South American exporters like Brazil and Mexico, and South-East Asian countries like Malaysia, Singapore, Thailand and Vietnam, especially in the period prior to the 2007–08 global financial crisis. Yet, Chinese exports had been associated with more high-tech exports of developed exporters like OECD countries, South Korea and Japan. Our findings suggest that while China became the world's top high-tech exporter, its high-tech exported products had been substitutes to those of other developing and emerging economies but complementary to that of developed economies.
History
Journal
The World EconomyVolume
40Issue
8Pagination
1569 - 1596Publisher
WileyLocation
London, Eng.Publisher DOI
ISSN
0378-5920Language
engPublication classification
C1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2016, WileyUsage metrics
Categories
No categories selectedKeywords
Social SciencesBusiness, FinanceEconomicsInternational RelationsBusiness & EconomicsASIAN COUNTRIESEXPORTSGRAVITYHigh-tech tradeChinaGravity modelSimilarity indexInstrumental variable regressionDisplacement effectChemistryComputer-office machineryElectrical and non-electrical machineryElectronics-CommunicationsPharmacyScientific Instruments
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC