EconPapers    
Economics at your fingertips  
 

Shanghai's Trade, China's Growth: Continuity, Recovery, and Change since the Opium Wars

Wolfgang Keller, Ben Li and Carol Shiue ()

IMF Economic Review, 2013, vol. 61, issue 2, 336-378

Abstract: This paper provides an analysis of China's trade performance from the 1840s to the present. Its focus is on Shanghai, the world's largest port, which began direct trade relations with Western nations starting in 1843. The paper finds that Shanghai had, and continues to have, an important role in China's trade structure. Applying the well-known gravity equation of trade for Shanghai's treaty port period, the paper shows that this relationship fits today's actual trade quite well when projected into the modern period. Second, the foreign presence, as measured by foreign direct investment (FDI), in Shanghai is shown to be related not only to trade in the past, but also to trade today, which suggests that FDI is one of the sources of persistence in foreign trade.

Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.palgrave-journals.com/imfer/journal/v61/n2/pdf/imfer201310a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/imfer/journal/v61/n2/full/imfer201310a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Shanghai?s Trade, China?s Growth: Continuity, Recovery, and Change since the Opium War (2012) Downloads
Working Paper: Shanghai's Trade, China's Growth: Continuity, Recovery, and Change since the Opium War (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfecr:v:61:y:2013:i:2:p:336-378

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Economic Review from Palgrave Macmillan, International Monetary Fund
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-31
Handle: RePEc:pal:imfecr:v:61:y:2013:i:2:p:336-378