Konferenzbeitrag

Did Chinese Outward Activity Attenuate or Aggravate the Great Recession in Developing Countries?

Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze in a quasi-experimental set-up whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the global recession. However, both the sectoral targeting and the size of the pre-crisis engagement matter: While COA in clearly to financial markets tied sectors implied an aggravation, substantial pre-crisis investment in the energy, metals and transportation industries implied an attenuation of the slump.

Language
Englisch

Bibliographic citation
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Offshoring II ; No. C02-V1

Classification
Wirtschaft
International Factor Movements and International Business: General
Economic Impacts of Globalization: Economic Development
Economic Impacts of Globalization: Macroeconomic Impacts

Event
Geistige Schöpfung
(who)
Süssmuth, Bernd
Gawellek, Bastian
Lyu, Jingjing
Event
Veröffentlichung
(when)
2015

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Konferenzbeitrag

Associated

  • Süssmuth, Bernd
  • Gawellek, Bastian
  • Lyu, Jingjing

Time of origin

  • 2015

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