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China and Asia in Global Trade Slowdown

Gee Hee Hong (ghong@imf.org), Jaewoo Lee (jlee3@imf.org), Wei Liao (wliao@imf.org) and Dulani Seneviratne (dseneviratne@imf.org)
Additional contact information
Gee Hee Hong: International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA
Jaewoo Lee: International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA
Wei Liao: International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA
Dulani Seneviratne: International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, USA

Journal of International Commerce, Economics and Policy (JICEP), 2017, vol. 08, issue 01, 1-34

Abstract: Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China’s import growth slowed starkly, driven by both external and domestic factors, including a rebalancing of demand. Econometric results point to weak investment and rebalancing as the main causes of the import slowdown. Spillover effects from China’s rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and commodity exporters than others.

Keywords: Trade linkages; trade elasticities; spillovers (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S1793993317500016

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