Asian fragmentation in the global financial Crisis

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13 Citations (Scopus)

Abstract

This paper studies the impact of the Global Financial Crisis of 2008 on Japanese exports, focusing on international production networks in machinery sectors. For our survival analysis, we estimate a Cox proportional hazards model. Consequently, we find that Japanese exports to Asian countries, parts and components trade in particular, were less likely to stop during the crisis. Even if they stopped, such trade is more likely to be revived. Therefore, regardless of the worldwide economic crisis, Japan maintained trade relationships in parts and components in the machinery sectors.

Original languageEnglish
Pages (from-to)114-127
Number of pages14
JournalInternational Review of Economics and Finance
Volume31
DOIs
Publication statusPublished - 2014 May 1

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Keywords

  • Asian trade
  • Exit-entry diagram
  • Financial crisis
  • Parts and components
  • Survival analysis

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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