China's Exports in a Protectionist World

Willem Thorbecke, Chen Chen and Nimesh Salike ()

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: Tariffs, currency wars, and protectionism pose risks for Chinese firms. In theory tariffs and exchange rates exert equivalent effects on export volumes. This paper estimates tariff and exchange rate elasticities for China's exports. The results indicate that, while exchange rates matter, tariffs deter exports almost three times as much as equivalent exchange rate changes do. The results also indicate that China's flagship industries such as electronics and machinery are exposed to tariffs and to exchange rate appreciations. The paper then considers how China can promote freer trade to mitigate risks and reduce uncertainty.

Pages: 24 pages
Date: 2020-02
New Economics Papers: this item is included in nep-cna and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: China’s exports in a protectionist world (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:20011

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