The End of Cheap China?
An Analysis of the Productive Catching up and the Sophistication of Chinese Exports between 2001 and 2017
DOI:
https://doi.org/10.20401/rasi.7.1.521Keywords:
China, Comércio Internacional, Margens de comércio, Índice de preços, Estrutura produtivaAbstract
This paper aims to evaluate how the changes in the Chinese productive structure impacted the prices of industrial goods exported by the country between 2001 and 2017, considering, for this, price an explanatory variable of the quality of exports. Methodologically, it is proposed to calculate the intensive and quality margins according to Hummels and Klenow (2005) for sector groups categorized by types of technology (intensive in scale, differentiated and based on science). As a result, the analysis of scale-intensive, differentiated and science-based sectors signals that there is a virtuous process of Chinese technological and productive transformation as there is a general increase in the importance of Chinese exports in third markets, via an intensive margin. However, the export quality index, represented by the price index, is in a lower position compared to the main economies in terms of productive and technological development.
Key-words: China. International trade. Trade margins. Price index. Productive structure.
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