Characterizing Service Components of China's Manufacturing Exports
Weigang Liu (),
Hongkui Liu () and
Qian Xie ()
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Weigang Liu: National Academy of Economic Strategy, Chinese Academy of Social Sciences
Hongkui Liu: Institute of Economics, Chinese Academy of Social Sciences
Qian Xie: Institute of Economics, Chinese Academy of Social Sciences
Annals of Economics and Finance, 2017, vol. 18, issue 2, 443-469
Based on the World Input-Output Database, we decompose China's manufacturing exports into domestic content and foreign content using the framework proposed by Wang et al. (2013) to calculate and analyze the service components of manufacturing exports. The share of services in China's gross manufacturing exports presented a U-shape trend from 2000 to 2009, and decreased after 2009. Comparison with Japan and the United States in the same period reveals that this pattern is distinctive to China. The empirical study finds that labor cost in production and investment structure are two important factors that influence the service components of China's manufacturing exports.
Keywords: Service Components; Global Value Chains; China's Manufacturing Exports (search for similar items in EconPapers)
JEL-codes: F14 F15 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:journl:y:2017:v:18:i:2:liu
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