| ID | 103886 |
| Title Proper | Vertical specialization and trade growth in northeast Asia |
| Language | ENG |
| Author | Hwang, Yun Seop ; Song, Jun ; Kim, Soo Eun |
| Publication | 2011. |
| Summary / Abstract (Note) | As the global economy has become further integrated, the international production chain has become more sophisticated, with diversified stages of production located in different countries. Economic theorists have argued that the fragmentation of the global production chain is partly attributable to the high growth in international trade over the past several decades. In this study, we examine vertical specialization in China, Japan and Korea, and its contribution to these nations' trade. Using a multilevel model, it is illustrated that vertical specialization has encouraged increases in trade among all three countries. In particular, China's outcome is remarkable considering how recently it became a member of the WTO. |
| `In' analytical Note | China and World Economy Vol. 19, No. 2; Mar-Apr 2011: p109-126 |
| Journal Source | China and World Economy Vol. 19, No. 2; Mar-Apr 2011: p109-126 |
| Key Words | Fragmentation - Global Production ; Multilevel Model ; Trade Growth ; Vertical Specialization |