Made in China: Export competition and structural changes in the OECD countries

1. Person: Flückiger, Matthias
Weitere Personen: Ludwig, Markus
Format: Online-Artikel
Sprache: English
Veröffentlicht: University of Basel, Center of Business and Economics (WWZ) 2012
Serien: WWZ Discussion Paper
Schlagworte: Internationale Wirtschaft
China
Internationaler Wettbewerb
Handelseffekt
Strukturwandel
Deindustrialisierung
OECD-Staaten
International economy
China
International competition
Trade effect
Structural change
Deindustrialization
OECD countries
Online Zugang: https://www.econstor.eu/bitstream/10419/123441/1/wp2012-09.pdf
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id
oai_econstor.eu_10419-123441
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
Made in China: Export competition and structural changes in the OECD countries
spellingShingle
Made in China: Export competition and structural changes in the OECD countries
Internationale Wirtschaft
China
Internationaler Wettbewerb
Handelseffekt
Strukturwandel
Deindustrialisierung
OECD-Staaten
International economy
China
International competition
Trade effect
Structural change
Deindustrialization
OECD countries
Flückiger, Matthias
WWZ Discussion Paper
title_short
Made in China: Export competition and structural changes in the OECD countries
title_full
Made in China: Export competition and structural changes in the OECD countries
title_fullStr
Made in China: Export competition and structural changes in the OECD countries
title_full_unstemmed
Made in China: Export competition and structural changes in the OECD countries
title_sort
Made in China: Export competition and structural changes in the OECD countries
format
electronic Article
format_phy_str_mv
Paper
publisher
University of Basel, Center of Business and Economics (WWZ)
publishDate
2012
language
English
topic
Internationale Wirtschaft
China
Internationaler Wettbewerb
Handelseffekt
Strukturwandel
Deindustrialisierung
OECD-Staaten
International economy
China
International competition
Trade effect
Structural change
Deindustrialization
OECD countries
topic_facet
International economy
China
International competition
Trade effect
Structural change
Deindustrialization
OECD countries
author
Flückiger, Matthias
author2
Ludwig, Markus
author2Str
Ludwig, Markus
description
This paper assesses the existence and extent of transition cost for the OECD economies associated with the increasing Chinese competition in the export markets. We find that intensified Chinese competition is an important factor in explaining structural changes not only within the manufacturing sector but also of the economies as a whole. In our empirical analysis which is guided by a simple extension of the Melitz Model we employ panel data at multiple levels of aggregation. The data reveal considerable adverse effects on export volume and industry-specific output in OECD countries as a result of increased Chinese competition. These distortions originating from the export market also affect structural variables within the manufacturing industries. Even at a regional level, changes in socioeconomic indicators can be associated with intensified Chinese export competition. Within the framework of our theoretical model, the mechanisms behind these observations are the following: The increased Chinese competition leads to a decline in exports and overall output, implying a decrease in average productivity and wages. This induces the reallocation of labor to the low-wage service sector, which in turn results in a reduction of average household income.
url
https://www.econstor.eu/bitstream/10419/123441/1/wp2012-09.pdf
series
WWZ Discussion Paper
seriesStr
WWZ Discussion Paper
WWZ Discussion Paper
series2
WWZ Discussion Paper
series2_facet
WWZ Discussion Paper
up_date
2020-02-20T03:54:22.094Z
_version_
1659026483401719808

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