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To What Extent Will the Shock Be Alleviated? The Evaluation of China’s Counter-crisis Fiscal Expansion

In: Asia Beyond the Global Economic Crisis

Author

Listed:
  • Nobuhiro Okamoto
  • Satoshi Inomata

Abstract

The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.

Suggested Citation

  • Nobuhiro Okamoto & Satoshi Inomata, 2011. "To What Extent Will the Shock Be Alleviated? The Evaluation of China’s Counter-crisis Fiscal Expansion," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14205_6
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    References listed on IDEAS

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    1. Nazrul Islam, 2009. "Resurgent China: Issues for the Future," Palgrave Macmillan Books, in: Nazrul Islam (ed.), Resurgent China, chapter 1, pages 1-51, Palgrave Macmillan.
    2. Shiro Hioki & Nobuhiro Okamoto, 2009. "How Have China’s Intra- and Inter-Regional Input-Output Linkages Changed during Reform?," Palgrave Macmillan Books, in: Nazrul Islam (ed.), Resurgent China, chapter 7, pages 181-212, Palgrave Macmillan.
    3. Meng, Bo & Chao, Qu, 2007. "Application of the Input-Output Decomposition Technique to China's Regional Economies," IDE Discussion Papers 102, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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    Keywords

    Asian Studies; Economics and Finance;

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