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Accounting for the Evolution of China's Production and Trade Patterns / Hanwei Huang, Jiandong Ju, Vivian Yue.
- Format:
- Book
- Author/Creator:
- Huang, Hanwei.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w32415.
- NBER working paper series no. w32415
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- This paper studies the evolution of China's production and trade patterns during its integration into the global economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using microdata and a quantitative Ricardian and Heckscher-Ohlin model with heterogeneous firms. Counterfactual simulations reveal that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity growth acted as a counterforce. Consistent with the data, our model demonstrates that China's trade openness peaked around the mid-2000s and fell until the 2020s, while the world's exposure to Chinese exports rose continuously.
- Notes:
- Print version record
- May 2024.
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