Arbeitspapier
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 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 precrisis investment in the energy, metals and transportation industries implied an attenuation of the slump.
- Sprache
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Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 5735
- Klassifikation
-
Wirtschaft
International Factor Movements and International Business: General
International Finance: General
Macroeconomic Aspects of International Trade and Finance: General
Economic Impacts of Globalization: Economic Development
- Thema
-
global crisis
offshoring
developing countries
sectoral transmission
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gawellek, Bastian
Lyu, Jingjing
Süssmuth, Bernd
- Ereignis
-
Veröffentlichung
- (wer)
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Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Gawellek, Bastian
- Lyu, Jingjing
- Süssmuth, Bernd
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2016