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subcontracting. `Illegal' trade between China and Taiwan has been induced by Taiwan's `no direct trade' policy. Illegal trade such as …China's trade has three features: high incidence of re-exports through Hong Kong, high degree of trade related to ….S. data and accounting for re-exports, the U.S.-China trade balance has to be lowered by 35 percent. Foreign investments in …
Persistent link: https://www.econbiz.de/10012473253
products to China. We find causal evidence that offshoring impacts both the level and nature of innovation. In the technologies … directly related to product categories that could be offshored more easily after the policy shock, overall innovation levels … decline and innovative effort shifts away from product innovation and towards process innovation. However, we also find …
Persistent link: https://www.econbiz.de/10012616565
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong …
Persistent link: https://www.econbiz.de/10012474252
We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return...
Persistent link: https://www.econbiz.de/10012474281
With capital controls, the standard financial market transactions needed for currency carry trade are hard to implement. Using detailed trade data reported by both the mainland Chinese and Hong Kong's governments, we present evidence that indirect currency carry trade likely takes place via...
Persistent link: https://www.econbiz.de/10012814408
This paper estimates the effects of maternal malnutrition exploiting the 1959-1961 Chinese famine as a natural experiment. In the 1% sample of the 2000 Chinese Census, we find that fetal exposure to acute maternal malnutrition had compromised a range of socioeconomic outcomes, including:...
Persistent link: https://www.econbiz.de/10012465266
that entrepots may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports via Hong …
Persistent link: https://www.econbiz.de/10012465839
This paper discusses the recent regional trade agreements that China has concluded rapidly following accession to the …
Persistent link: https://www.econbiz.de/10012467695
In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary … services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides … China exported to the rest of the world. Our results suggests that gains to intermediary services provided by Hong Kong …
Persistent link: https://www.econbiz.de/10012469378
In this paper, we examine Hong Kong's role in intermediating trade between China and the rest of the world. Hong Kong … distributes a large fraction of China's exports. Net of customs, insurance, and freight charges, re-exports of Chinese goods are … higher for differentiated products, products with higher variance in export prices, products sent to China for further …
Persistent link: https://www.econbiz.de/10012470641