China’s exports in a protectionist world

Thorbecke, Willem; Chen, Chen; Salike, Nimesh

doi:10.1016/j.asieco.2021.101404

Cited by 6 publications

(5 citation statements)

References 31 publications

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“…The exchange rate should have a smaller effect on exports for more sophisticated goods. There is also some preliminary empirical evidence supporting this (e.g., Arbatli & Hong, 2016;Auer & Saure, 2011;Thorbecke et al, 2021aThorbecke et al, , 2021bThorbecke & Kato, 2018;. As for the reasons, Abiad et al (2018) have noted that sophisticated goods should have lower demand elasticities.…”

Section: Introductionmentioning

confidence: 97%

“…Therefore, the simple average of ad valorem tariff rates at HS-4-digit balances the maximum and the minimum of tariff rates at the HS-6-digit level, which is preferable as representatives. Usually, the applied tariffs will have negative effects on export values (Bénassy-Quéré et al, 2021;Xu et al, 2020;Thorbecke et al, 2021aThorbecke et al, , 2021b. Compared with the exchange rate elasticity, tariff elasticities tend to be larger (Bénassy-Quéré et al, 2021;Thorbecke et al, 2021aThorbecke et al, , 2021b.…”

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confidence: 99%

“…Usually, the applied tariffs will have negative effects on export values (Bénassy-Quéré et al, 2021;Xu et al, 2020;Thorbecke et al, 2021aThorbecke et al, , 2021b. Compared with the exchange rate elasticity, tariff elasticities tend to be larger (Bénassy-Quéré et al, 2021;Thorbecke et al, 2021aThorbecke et al, , 2021b. We estimate China's 1242 export products with 190 partner economies again.…”

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confidence: 99%

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Exchange rate effects on China's exports: Product sophistication and exchange rate elasticity

Chen,

Salike,

Thorbecke

2023

Asian Economic Journal

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The negative effect of a currency appreciation on a country's exports may be attenuated as its export basket becomes more sophisticated. This paper investigates whether exchange rate changes affect China's exports differently depending on their sophistication levels, as measured by the Product Complexity Index (PCI). We estimate exchange rate elasticities for 1242 export categories disaggregated at the HS‐4‐digit level from 1995 to 2018 using bilateral trade data between China and 190 partner economies. Results indicate that exchange rate fluctuations have negative effects on China's export values, and exchange rate effects are less for more sophisticated exports. This decreasing of exchange rate elasticities for more sophisticated exports holds even when controlling for tariffs. The evidence also shows that, as China has upgraded its export basket over time, the impact of exchange rates on exports has become smaller and less significant. Moreover, the effect of exchange rate related policies on export values via the exchange rate is smaller and less significant for China's more sophisticated exports.

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Section: Introductionmentioning

confidence: 97%

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confidence: 99%

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confidence: 99%

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Exchange rate effects on China's exports: Product sophistication and exchange rate elasticity

Chen,

Salike,

Thorbecke

2023

Asian Economic Journal

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“…In terms of trade policy, during the outbreak some countries adopted protectionist measures, such as increasing tariffs, restricting imports and so on. These measures have negatively affected global trade networks, leading to reductions and slowdowns in international trade activities [4]. These measures may lead to a weakening of the connectivity of international trade networks, while also causing controversy and reflection on trade liberalization.…”

Section: Introductionmentioning

confidence: 99%

Based on social network analysis: Whether international trade network changed before and after the outbreak of the COVID-19 pandemic?

Jin

2024

ACE

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Since the outbreak of COVID-19 pandemic, the international trade has been facing a severe impact. Based on the social network analysis method, this research models the world trade network during the six years from 2017 to 2022. The world trade network is made into a weighted directed adjacency matrix based on the data published by UN Comtrade database. The matrix also refers to the gravity model. With visualized data and images, this research makes a quantitative study on the impact of the COVID-19 pandemic on the world trade network from the perspective of network analysis, centrality analysis and clustering coefficient. Apart from that, this research focuses on the international trade pattern and how it changes under the impact of the pandemic. According to this research, although the world trade network has not been deeply affected by the disease, there are some concealed tendency has been discovered, which may profoundly change the world pattern in the future.

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“…On the other hand, trade barriers, both tariff and non-tariff, present a considerable obstacle to the sector (Fiankor and Santeramo 2023). Additionally, protectionist policies of some countries, along with stringent sanitary and phytosanitary regulations, can limit access to key markets (Thorbecke et al 2021). The dependence on bilateral or multi-lateral trade agreements can also affect the stability of exports (Ando et al 2022).…”

Section: Introductionmentioning

confidence: 99%

Peruvian Agro-Exports’ Competitiveness: An Assessment of the Export Development of Its Main Products

Montes Ninaquispe,

Pantaleón Santa María,

Ludeña Jugo

et al. 2024

Economies

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This study analyzed the competitiveness of Peru’s exports of grapes, blueberries, avocados, and asparagus from 2019 to 2023. Data were obtained from the customs declarations of all exporting companies of the analyzed products, along with data from the International Trade Center. Competitiveness was measured using the absolute revealed comparative advantage (RCA) index. The results indicate notable growth in the exports of grapes and blueberries, while asparagus and avocados face challenges in market and exporter diversification. The RCA index suggests a strong and stable specialization in these products. This study concludes with specific recommendations for institutions such as Ministerio de Desarrollo Agrario y Riego (MIDAGRI), Comisión de Promoción del Perú para la Exportación y el Turismo (PROMPERÚ), Asociación de Exportadores (ADEX), and Instituto Nacional de Innovación Agraria (INIA), aimed at enhancing competitiveness through market diversification.

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China’s exports in a protectionist world

Cited by 6 publications

References 31 publications

Exchange rate effects on China's exports: Product sophistication and exchange rate elasticity

Exchange rate effects on China's exports: Product sophistication and exchange rate elasticity

Based on social network analysis: Whether international trade network changed before and after the outbreak of the COVID-19 pandemic?

Peruvian Agro-Exports’ Competitiveness: An Assessment of the Export Development of Its Main Products

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