Chinese regions' participation in global value chains and the associated global transmission of export price and quantity shocks
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Date
2024-05
Publication Type
Journal Article
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yes
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Abstract
This 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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published
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Journal / series
Volume
32 (2)
Pages / Article No.
371 - 393
Publisher
Wiley-Blackwell
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Edition / version
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Subject
China; global value chains; shock transmission; spillovers
Organisational unit
03840 - Egger, Peter / Egger, Peter
Notes
Funding
169537 - Measurement Error in Structural Empirical Work of International Economics (SNF)