nep-cna New Economics Papers
on China
Issue of 2009‒03‒22
three papers chosen by
Zheng Fang
Ohio State University

  1. Are U.S. Exports Different from China's Exports? Evidence from Japan's Imports By Kozo Koyota
  2. China's Energy Economy: Technical Change, Factor Demand and Interfactor/Interfuel Substitution By Hengyun Ma; Les Oxley; John Gibson; Bongguen Kim
  3. China's Renminbi Currency Logistics Network: A Brief Introduction By Smith, Reginald

  1. By: Kozo Koyota (Research Seminar in International Economics, University of Michigan)
    Abstract: Are U.S. exports different from China's exports? If so, how? This paper attempts to answer this question, focusing on the quality, variety, and overlap of their products. Using product-level manufacturing import data from Japan, I find that the exports of China and the United States are similar in terms of variety. More than 85 percent of U.S. export products to Japan are commonly exported from China. However, U.S. exports are different from China's exports in terms of quality. A comparison with the European Union (EU) shows that U.S. exports are similar to EU exports in terms of both quality and variety when compared to Chinaàs exports. These results suggest that quality matters. Both the EU and the United States are better endowed with the factors needed to produce quality or are relatively more productive in producing quality products than China.
    Keywords: China, America, trade, exports
    Date: 2008–04
  2. By: Hengyun Ma (University of Canterbury); Les Oxley (University of Canterbury); John Gibson (Motu Economic and Public Policy Research and The University of Waikato); Bongguen Kim (The University of Waikato)
    Abstract: With its rapid economic growth, China's primary energy consumption has exceeded domestic energy production since 1994, leading to a substantial expansion in energy imports, particularly of oil. China's energy demand has an increasingly significant impact on global energy markets. In this paper Allen partial elasticities of factor and energy substitution, and price elasticities of energy demand, are calculated for China using a two-stage translog cost function approach. The results suggest that energy is substitutable with both capital and labour. Coal is significantly substitutable with electricity and complementary with diesel while gasoline and electricity are substitutable with diesel. China's energy intensity is increasing during the study period (1995-2004) and the major driver appears to be due to the increased use of energy intensive technology.
    Keywords: China, Interfactor/interfuel substitution, Technology, Energy intensity decomposition
    JEL: D24 O33 Q41
    Date: 2009–02
  3. By: Smith, Reginald
    Abstract: Currency logistics is becoming a field of increasing interest and importance both in government and academic circles. In this paper, a basic description of China's nationwide logistics network for the Renminbi is discussed and analyzed. In addition to its basic structure, its key problems such as production costs, inventory levels, and transportation and storage security are discussed.
    Keywords: currency; logistics; China; money supply
    JEL: E42 E58
    Date: 2008–11–30

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