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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
International Finance Discussion Papers: The Role of China in Asia: Engine, Conduit, or Steamroller

International Finance Discussion Papers: The Role of China in Asia: Engine, Conduit, or Steamroller

Haltmaier, Jane T.
United States Federal Reserve Board
Et Al

Paperback

General Political Science

ISBN10: 1288727437
ISBN13: 9781288727438
Publisher: Bibliogov
Published: Feb 8 2013
Pages: 84
Weight: 0.37
Height: 0.17 Width: 7.44 Depth: 9.69
Language: English
This paper assesses China's role in Asia as an independent engine of growth, as a conduit of demand from the industrial countries, and as a competitor for export markets. We provide both macroeconomic and microeconomic evidence. The macroeconomic analysis focuses on the impact of U.S. and Chinese demand on the output of the Asian economies by estimating growth comovements and VARs. The results suggest an increasing role of China as an independent source of growth. The microeconomic analysis decomposes trade into basic products, parts and components, and finished goods. We find a large role for parts and components trade consistent with China playing an important and increasing role as a conduit. We also estimate some regressions that show that China's increasing presence in export markets has had a negative effect on exports of some products for some other Asian economies, but not for other products, including those of the important electronic high-technology industry.

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