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Accounting for the Evolution of China's Production and Trade Patterns / Hanwei Huang, Jiandong Ju, Vivian Yue.
Author
Huang, Hanwei
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Format
Book
Language
English
Published/​Created
Cambridge, Mass. National Bureau of Economic Research 2024.
Description
1 online resource: illustrations (black and white);
Details
Related name
National Bureau of Economic Research
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Ju, Jiandong
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Yue, Vivian
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Series
Working Paper Series (National Bureau of Economic Research) no. w32415.
[More in this series]
NBER working paper series no. w32415
Summary note
This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using microdata and a quantitative Ricardian and Heckscher-Ohlin model with heterogeneous firms. Counterfactual simulations reveal that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity growth acted as a counterforce. Consistent with the data, our model demonstrates that China's trade openness peaked around the mid-2000s and fell until the 2020s, while the world's exposure to Chinese exports rose continuously.
Notes
May 2024.
Source of description
Print version record
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