In this discussion report, we dispel the widely held misconception that China's economy is excessively export-dependent and therefore particularly vulnerable to a drop in export demand. In the past two decades, China's dramatic exports rise has largely been driven by the fact that many foreign firms have offshored a slice of their value chain – labor-intensive final assembly – to China for export purposes. Many of these assembly plants heavily rely on imported inputs from East Asian economies to produce their export products. Because of this feature, China passes on a large portion of its negative export demand shocks to the East Asian economies by reducing demand for their imported inputs. Using recent trade data, we provide evidence of this business cycle pass-through during the current economic crisis.

Voir le document

Dernières publications

2018s-43 CS
Tradable Climate Liabilities: A Thought Experiment
Étienne Billette de Villemeur et Justin Leroux
Voir le document

2018s-42 CS
Playing with Fire? Debt near Retirement in Canada
Nicolas Bédard et Pierre-Carl Michaud
Voir le document

2018s-41 CS
The Effect of College Education on Health and Mortality: Evidence from Canada
Guy Lacroix, François Laliberté-Auger, Pierre-Carl Michaud et Daniel Parent
Voir le document

2018s-39 CS
The Ins and Outs of Involuntary Part-time Employment
Daniel Borowczyk-Martins et Etienne Lalé
Voir le document


Centre interuniversitaire de recherche en analyse des organisations
1130 rue Sherbrooke Ouest, suite 1400
Montréal, Québec (Canada) H3A 2M8
(514) 985-4000
(514) 985-4039
reception@cirano.qc.ca

© 2019 CIRANO. Tous droits réservés.



Partenaire de :

Website Security Test