The Impact of Chinese Economic Structural Changes on Korea's Exports to China

Kotbee Shin () and Bo Young Choi ()
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Kotbee Shin: Korea Institute for International Economic Policy
Bo Young Choi: Korea Institute for International Economic Policy

No 16-4, Working Papers from Korea Institute for International Economic Policy

Abstract: This paper examines the structural changes of the Chinese economy and how they have affected Korea's exports to China. Focusing on the evolution of China's role in the global value chain, we estimate the impact of China's external demand and domestic demand. We also shed light on the effect of compositional changes in China's GDP on Korea's exports to China. The results of the VAR analysis suggest that external demand had a significant impact on Korea's exports to China prior to 2008, while Chinese domestic demand became more important afterwards. Moreover, Chinese investment is the most important factor in determining Korea's exports to China, and Chinese private consumption has recently been gaining relevance.

Keywords: VAR; Chinese Structural Change; Korean Exports To China (search for similar items in EconPapers)
JEL-codes: F10 F14 F40 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2016-08-10
New Economics Papers: this item is included in nep-cna and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwp:2016_004

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