The sophistication of East Asian exports

The relative sophistication of Chinese exports

This paper examines the relative “sophistication” of China’s exports to the United States along two dimensions. First, I compare China’s export bundle to those of the relatively skilland capital-abundant members of the OECD as well as to similarly endowed U.S. trading partners. Second, I examine prices within product categories to determine if China’s varieties command a premium relative to its...

The sophistication of exports: Is China special?

Article history: Received 7 March 2008 Received in revised form 19 April 2010 Accepted 19 April 2010 Recent studies have found that China is “special” in exporting highly sophisticated goods not comparable with its income level. In this paper we identify two measurement biases that account for this “China is special” observation. First, product quality has not been fully considered in the measu...

The ‘Sophistication’ of Exports: A New Measure of Product Characteristics

The effect of a collective exchange rate adjustment on East Asian exports

This paper estimates long-run effects of a collective exchange rate adjustment on multilateral exports from China, Japan, South Korea, and Taiwan. The findings show that a 1 percent generalized appreciation of all East Asian exchange rates would reduce East Asian exports by about 3 per cent. The authors acknowledge helpful comments from Masahiro Kawai of Asian Development Bank Institute (ADBI) ...

Examining the existence of long-run relationships between East Asian economic integration and ASEAN tourism exports

This paper examines the existence of long-run relationships between East Asian economic integration and tourism exports for nine selected ASEAN States for the period 1996-2007. I employ tourist arrivals data as a proxy for tourism exports and trade ratios as a proxy for the economic integration. Using Johansen’s Fisher panel cointegration test, the findings show that tourist arrivals and trade ...