Asian Fragmentation in the Global Financial Crisis

Toshihiro Okubo, Fukunari Kimura and Nozomu Teshima

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: This paper studies the impact of the Global Financial Crisis of 2008 on Japanese exports, focusing on international production networks in machinery sectors. For our survival analysis, we estimate a Cox proportional hazards model. Consequently, we find that Japanese exports to Asian countries, parts and components trade in particular, were less likely to stop during the crisis. Even if they stopped, such trade is more likely to be revived. Therefore, regardless of the worldwide economic crisis, Japan maintained trade relationships in parts and components in the machinery sectors.

Keywords: Financial crisis; Asian trade; parts and components; exit-entry diagram; survival analysis (search for similar items in EconPapers)
JEL-codes: F14 F61 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2014-03
New Economics Papers: this item is included in nep-fmk, nep-int and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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Related works:
Journal Article: Asian fragmentation in the Global Financial Crisis (2014)
Working Paper: Asian Fragmentation in the Global Financial Crisis (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2014-30

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