HOW MUCH DO EXPORTS CONTRIBUTE TO CHINA'S INCOME GROWTH?
HOW MUCH DO EXPORTS CONTRIBUTE TO CHINA'S INCOME GROWTH?
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DOI:
10.1080/09535314.2012.660746
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发表时间:
2012-08
影响因子:
2.5
通讯作者:
Jiansuo Pei;J. Oosterhaven;E. Dietzenbacher
中科院分区:
文献类型:
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作者:
Jiansuo Pei;J. Oosterhaven;E. Dietzenbacher
It is a widespread belief that exports, in particular of ‘high-tech’ products, contribute much to China's income growth. This study addresses this issue by applying a structural decomposition analysis to input–output (I–O) data. We employ two extended I–O tables that distinguish processing trade from ordinary exports. The contribution of exports to the value-added growth from 2002 to 2007 is found to be overestimated by 32% when standard I–O tables are used rather than the extended I–O tables. Even more strikingly, the value-added growth that may be attributed to the exports of ‘high-tech’ telecommunication products is overestimated by no less than 63%. A serious overestimation of the contribution to income growth of certain products (such as high-tech products) sends out misleading signals to policymakers. When measured correctly, the true contribution appears to be substantially smaller than is generally believed to be.