Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China&...Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China's comparative advantages from the perspective of value-added trade. Our research findings suggest that without taking into account heterogeneity in firm's sales destinations and trade patterns,China's RVAE will be overestimated. Conventional gross trade accounting underestimates the export competitiveness of China's labor-intensive and capital intensive sectors, but overestimates the export competitiveness of China's technology-intensive sectors,which leads to a significant reversal of comparative advantages. Conventional gross trade accounting method overestimates the trade surplus of China's manufacturing and technology-intensive sectors with the US by about 60% and 85% respectively.展开更多
Based on the Worm Input-Output Database （WIOD）, this paper conducts a forward-linkage decomposition of value-added in trade to estimate China＇s service value-added exports and its service sector＇s international co...Based on the Worm Input-Output Database （WIOD）, this paper conducts a forward-linkage decomposition of value-added in trade to estimate China＇s service value-added exports and its service sector＇s international competitiveness during 2000- 2014. Result indicates that during the sample period, China＇s service exports measured by forward-linkage decomposition method accounted for around 35% in its total export. While the value of services exported directly through the service sector accounted for a falling share, the value of services exported through other sectors represented an increasing share. China ranks second in the world in terms of market share of service exports. However, the revealed comparative advantage （RCA） of China＇s service exports and export sophistication remains limited.展开更多
As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of ...As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of carbon emissions has drawn wide attention from the international community, necessitating the comparison of the trade benefits and environmental costs of the BRICS participation in GVCS. Based on the Eora database, this paper constructs a decomposition framework for the calculation of export value-added and embodied carbon, based on a multi-region input-output (MRIO) model. The trade benefits and environmental costs paid by the BRICS’ total exports from 1990 to 2015 were measured and the imbalance was analyzed, along with the causes. The results show that the main value-added and carbon embodied in the BRICS’ exports originate from their own countries, and the domestic value-added content of the BRICS’ exports decreased while the foreign value-added content increased.展开更多
China is by far the largest producer of tobacco products in the world. As a big tax source, tobacco industry brings about 10%of China's annual income.At present tobacco industry is under the administrative monopol...China is by far the largest producer of tobacco products in the world. As a big tax source, tobacco industry brings about 10%of China's annual income.At present tobacco industry is under the administrative monopoly management in China. The nation's policy and management mechanism greatly influence the competition structure of tobbacco industry. Due to the double character of tobacco, the country generally imposes a high tax and limits total product output in order to control the tobacco market. Therefore, the price signal of tobacco market is distorted and to a large extent the competition of the industry is far from a free one. The cigarette production is in a multi element competition style within the nation's planning system. In other words, administrative monopoly and over competition exist simultaneously in China's tobacco industry. The country predetermines the output quota of each cigarette manufacturing enterprise and the actual production outputs of these enterprises could be adjusted through the quota trades among them. The competition in tobacco industry is mainly represented in 3 modes, i.e.production output competition based on quota trades, value added competition in producing and marketing, and the niche market competition based on product classification.展开更多
This study uses two different datasets to explore the stylized facts of interprovincial trade in China during the recent two decades. One dataset provides the magnitude of bilateral interprovincial goods trade calcula...This study uses two different datasets to explore the stylized facts of interprovincial trade in China during the recent two decades. One dataset provides the magnitude of bilateral interprovincial goods trade calculated using firms ＇ value-added tax invoices. The other supplies estimates of interprovincial trade using provincial input-output tables. We find that China has both a large value and a high growth rate of interprovincial trade, but there still exists a home bias in internal trade for most provinces. In addition, disaggregation by product shows that the manufacturing sector has the largest share of interprovincial trade and this share continues to grow. Finally, the spatial distribution of trade suggests that all provinces can be clustered into a smaller number of trade areas with large intra-cluster trade. Therefore, China＇s central government should make more effort to reduce local protection, stimulate domestic demand and coordinate interregional trade among local jurisdictions.展开更多
基金supported by the Youth Program of the National Social Sciences Fund of China(NSSFC)"Study on the Real Interest Distribution Pattern of China's Trade Surplus under the New System of International Division of Labor"(Grant No.12CJY083)Basic Scientific Research Funding and Backbone Talent Support Program for Key Disciplines of Central Universities(Nankai University)"Study on Industrial Agglomeration,Financing Constraint and the Export Behaviors of Chinese Enterprises"(Grant No.NKZXA1405)the Collaborative Innovation Center for the Socialist Economy with Chinese Characteristics of Nankai University and the Center for Asian Studies,Nankai University(Grant No.AS1607)
文摘Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China's comparative advantages from the perspective of value-added trade. Our research findings suggest that without taking into account heterogeneity in firm's sales destinations and trade patterns,China's RVAE will be overestimated. Conventional gross trade accounting underestimates the export competitiveness of China's labor-intensive and capital intensive sectors, but overestimates the export competitiveness of China's technology-intensive sectors,which leads to a significant reversal of comparative advantages. Conventional gross trade accounting method overestimates the trade surplus of China's manufacturing and technology-intensive sectors with the US by about 60% and 85% respectively.
基金supported by the Key Projects of the National Social Science Foundation of China(NSSF)(Grant No.18VSJ056 and 14AZD058)Key Project of the Key Research Center for Humanities and Social Sciences of the Ministry of Education(Grant No.17JJD79001)
文摘Based on the Worm Input-Output Database （WIOD）, this paper conducts a forward-linkage decomposition of value-added in trade to estimate China＇s service value-added exports and its service sector＇s international competitiveness during 2000- 2014. Result indicates that during the sample period, China＇s service exports measured by forward-linkage decomposition method accounted for around 35% in its total export. While the value of services exported directly through the service sector accounted for a falling share, the value of services exported through other sectors represented an increasing share. China ranks second in the world in terms of market share of service exports. However, the revealed comparative advantage （RCA） of China＇s service exports and export sophistication remains limited.
文摘As the international trading system has developed with the division of Global value Chains (GVCS), the export trade of Brazil, Russia, India, China, and South Africa (BRICS) has grown rapidly. The resulting growth of carbon emissions has drawn wide attention from the international community, necessitating the comparison of the trade benefits and environmental costs of the BRICS participation in GVCS. Based on the Eora database, this paper constructs a decomposition framework for the calculation of export value-added and embodied carbon, based on a multi-region input-output (MRIO) model. The trade benefits and environmental costs paid by the BRICS’ total exports from 1990 to 2015 were measured and the imbalance was analyzed, along with the causes. The results show that the main value-added and carbon embodied in the BRICS’ exports originate from their own countries, and the domestic value-added content of the BRICS’ exports decreased while the foreign value-added content increased.
文摘China is by far the largest producer of tobacco products in the world. As a big tax source, tobacco industry brings about 10%of China's annual income.At present tobacco industry is under the administrative monopoly management in China. The nation's policy and management mechanism greatly influence the competition structure of tobbacco industry. Due to the double character of tobacco, the country generally imposes a high tax and limits total product output in order to control the tobacco market. Therefore, the price signal of tobacco market is distorted and to a large extent the competition of the industry is far from a free one. The cigarette production is in a multi element competition style within the nation's planning system. In other words, administrative monopoly and over competition exist simultaneously in China's tobacco industry. The country predetermines the output quota of each cigarette manufacturing enterprise and the actual production outputs of these enterprises could be adjusted through the quota trades among them. The competition in tobacco industry is mainly represented in 3 modes, i.e.production output competition based on quota trades, value added competition in producing and marketing, and the niche market competition based on product classification.
文摘This study uses two different datasets to explore the stylized facts of interprovincial trade in China during the recent two decades. One dataset provides the magnitude of bilateral interprovincial goods trade calculated using firms ＇ value-added tax invoices. The other supplies estimates of interprovincial trade using provincial input-output tables. We find that China has both a large value and a high growth rate of interprovincial trade, but there still exists a home bias in internal trade for most provinces. In addition, disaggregation by product shows that the manufacturing sector has the largest share of interprovincial trade and this share continues to grow. Finally, the spatial distribution of trade suggests that all provinces can be clustered into a smaller number of trade areas with large intra-cluster trade. Therefore, China＇s central government should make more effort to reduce local protection, stimulate domestic demand and coordinate interregional trade among local jurisdictions.
