The Impact of Chinese Economic Structural Changes on Korea's Export to China
Kotbee, Shin; Bo-Young, Choi | August 2016
Abstract
In this paper, we examine the structural changes of the Chinese economy and how they affected Korea’s export to China. Focusing on the evolution of China's role in the golbal value chain, we estimate the impact of China's external demand and domestic demand. We also shed light on the effect of compositional changes of China’s GDP on Korea’s exports to China. The results of the VAR analysis suggest that external demand had a significant impact on Korea’s exports to China prior to 2008, while Chinese domestic demand became more important afterwards. Moreover, Chinese investment is the most important in determining Korea’s exports to China and Chinese private consumption is also gaining more relevance in recent periods.
Citation
Kotbee, Shin; Bo-Young, Choi. 2016. The Impact of Chinese Economic Structural Changes on Korea's Export to China. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/6811.PDF ISBN
978-89-322-4255-2
Keywords
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Economic development
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Free Trade
Trade Agreements
Trade Policy
Economic Development
Economics
International Economics
Intraregional Trade
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West
Foreign trade and employment
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