Chinese regions' participation in global value chains and the associated global transmission of export price and quantity shocks

Peter H. Egger; Jie Li; Yu Zhao

doi:10.1111/roie.12658

journal article Jan 17, 2023

Chinese regions' participation in global value chains and the associated global transmission of export price and quantity shocks

Peter H. Egger Jie Li

Yu Zhao

Review of International Economics Vol. 32 No. 2 pp. 371-393 · Wiley

View at Publisher Save 10.1111/roie.12658

Abstract

AbstractThis paper proposes an imputation of a global input‐output matrix, where China is broken up into 332 prefecture‐type regions in three years of data, 2007, 2012, and 2017. Using the resulting global input‐output matrix, the paper documents that sizable spillover effects exist with regard to economic volatility. In particular, such volatility spillovers are important for prices and somewhat less so for quantity shocks. We demonstrate that individual Chinese prefectures are large recipients and donors of such shocks. All Chinese prefectures together have a very large impact on the world economy in terms of the considered volatility shocks.

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Metrics

4

Citations

14

References

Details

Published: Jan 17, 2023
Vol/Issue: 32(2)
Pages: 371-393
License: View

Authors

P

Peter H. Egger

ETH Zurich CEPR and CESifo Zurich Switzerland

J

Jie Li

Institute of Industrial Economics Jinan University Guangzhou China

Y

Yu Zhao

Institute of Studies for the Great Bay Area (Guangdong, Hong‐Kong, Macau) Research Center for Accounting and Economic Development of Guangdong‐Hong Kong‐Macao Greater Bay Area, Guangdong University of Foreign Studies Guangzhou China

Funding

Schweizerischer Nationalfonds zur Förderung der Wissenschaftlichen Forschung Award: 100018

National Natural Science Foundation of China Award: 72173055

National Social Science Fund of China Award: 21&ZD123

Ministry of Education of China Award: 21JZD025

Cite This Article

Peter H. Egger, Jie Li, Yu Zhao (2023). Chinese regions' participation in global value chains and the associated global transmission of export price and quantity shocks. Review of International Economics, 32(2), 371-393. https://doi.org/10.1111/roie.12658

Chinese regions' participation in global value chains and the associated global transmission of export price and quantity shocks

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