The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis

25 Pages Posted: 28 Sep 2011

See all articles by Ran Jing

Ran Jing

University of International Business and Economics (UIBE) - School of International Trade and Economics

Date Written: September 27, 2011

Abstract

This paper studies the performance of China’s exports during the 2008—2009 financial crisis. It focuses on the speed at which China’s exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important role in explaining how fast exports fall below the values of the same months in the previous year. Exports of capital and intermediate goods show the signs of collapse later than consumption goods; exports of differentiated goods contract sooner than homogeneous ones. Last, products with high shares of processing trade prior to the crisis are hit by the recession earlier than other products.

Keywords: China, exports collapse, speed, duration analysis

JEL Classification: F000, F100, F140

Suggested Citation

Jing, Ran, The Collapse Speed of China's Exports in the 2008-2009 Financial Crisis (September 27, 2011). CESifo Working Paper Series No. 3584, Available at SSRN: https://ssrn.com/abstract=1934160 or http://dx.doi.org/10.2139/ssrn.1934160

Ran Jing (Contact Author)

University of International Business and Economics (UIBE) - School of International Trade and Economics ( email )

10 East Huixin Street
Chaouang District
Beijing, 100029
China

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