TY - JOUR
T1 - The Role of China, Japan, and Korea in Machinery Production Networks
AU - Obashi, Ayako
AU - Kimura, Fukunari
N1 - Publisher Copyright:
© 2016 Korea International Economic Association.
PY - 2016/4/2
Y1 - 2016/4/2
N2 - China, Japan, and Korea have been the three largest players in East Asian machinery production networks. This paper employs a new method of analyzing finely disaggregated international trade data that applies the concept of zero trade flows, least-traded goods, and intensive/extensive margins of trade growth and scrutinizes changes in the role of China, Japan, and Korea in machinery production networks between 2007 and 2013. We find, first, that China became a dominant player in the global machinery production networks in terms of both export values and the diversity and density of product-destination pairs. Second, the growth of Korea as machinery parts and components suppliers was also salient while Korea's dependency on China was sharply enhanced. Third, Japan kept being stagnated, and the machinery production links between Korea and Japan were substantially weakened.
AB - China, Japan, and Korea have been the three largest players in East Asian machinery production networks. This paper employs a new method of analyzing finely disaggregated international trade data that applies the concept of zero trade flows, least-traded goods, and intensive/extensive margins of trade growth and scrutinizes changes in the role of China, Japan, and Korea in machinery production networks between 2007 and 2013. We find, first, that China became a dominant player in the global machinery production networks in terms of both export values and the diversity and density of product-destination pairs. Second, the growth of Korea as machinery parts and components suppliers was also salient while Korea's dependency on China was sharply enhanced. Third, Japan kept being stagnated, and the machinery production links between Korea and Japan were substantially weakened.
KW - Zero trade
KW - intensive and extensive margins
KW - least-traded goods
KW - machinery industry
KW - parts and components trade
KW - product-destination pairs
UR - http://www.scopus.com/inward/record.url?scp=84961390767&partnerID=8YFLogxK
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U2 - 10.1080/10168737.2016.1148398
DO - 10.1080/10168737.2016.1148398
M3 - Article
AN - SCOPUS:84961390767
VL - 30
SP - 169
EP - 190
JO - International Economic Journal
JF - International Economic Journal
SN - 1016-8737
IS - 2
ER -