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The Sophistication of East Asian Exports

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  • THORBECKE, Willem
  • Hao-Kai PAI

Abstract

Hausmann, Hwang, and Rodrik (2007) found that countries that export more sophisticated products tend to subsequently grow more rapidly. We examine the sophistication of Asia's exports using Hausmann et al.'s and Kwan's (2002) measures. Japan remains the technology leader in Asia, but not in the world. In 2012, Japan's exports competed with those of South Korea and Taiwan and were complementary with those of China and the Association of Southeast Asian Nations (ASEAN). South Korea and Taiwan competed intensely with each other but less so with China and ASEAN, while ASEAN countries competed extensively with each other. Given the high levels of competition and cooperation among East Asian countries, greater exchange rate stability in the region would reduce export volatility among competitors and facilitate trade among comrades.

Suggested Citation

  • THORBECKE, Willem & Hao-Kai PAI, 2013. "The Sophistication of East Asian Exports," Discussion papers 13092, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:dpaper:13092
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    References listed on IDEAS

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    1. C. H. Kwan, 2002. "The Rise of China and Asia's Flying-Geese Pattern of Economic Development: An Empirical Analysis Based on US Import Statistics," Discussion papers 02009, Research Institute of Economy, Trade and Industry (RIETI).
    2. Willem Thorbecke & Mario Lamberte & Ginalyn Komoto, 2010. "Promoting Learning and Industrial Upgrading in ASEAN Countries," Working Papers id:2913, eSocialSciences.
    3. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    4. Jarreau, Joachim & Poncet, Sandra, 2012. "Export sophistication and economic growth: Evidence from China," Journal of Development Economics, Elsevier, vol. 97(2), pages 281-292.
    5. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    6. repec:hal:pseose:hal-00649282 is not listed on IDEAS
    7. Hayakawa, Kazunobu & Kimura, Fukunari, 2009. "The effect of exchange rate volatility on international trade in East Asia," Journal of the Japanese and International Economies, Elsevier, vol. 23(4), pages 395-406, December.
    8. Lee , Jong-Wha & Wie, Dainn, 2013. "Technological Change, Skill Demand, and Wage Inequality in Indonesia," ADB Economics Working Paper Series 340, Asian Development Bank.
    9. Lall, Sanjaya & Weiss, John & Zhang, Jinkang, 2006. "The "sophistication" of exports: A new trade measure," World Development, Elsevier, vol. 34(2), pages 222-237, February.
    10. Thomas Hatzichronoglou, 1997. "Revision of the High-Technology Sector and Product Classification," OECD Science, Technology and Industry Working Papers 1997/2, OECD Publishing.
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    1. repec:ocp:rtrade:pp-15-21 is not listed on IDEAS
    2. Thorbecke, Willem, 2014. "The contribution of the yen appreciation since 2007 to the Japanese economic debacle," Journal of the Japanese and International Economies, Elsevier, vol. 31(C), pages 1-15.
    3. Arenas,Guillermo Carlos & Majune,Socrates Kraido & Montfaucon,Angella Faith Lapukeni, 2022. "The Impacts of Lockdown Policies on International Trade in the Philippines," Policy Research Working Paper Series 9911, The World Bank.
    4. repec:ocp:rpaeco:pp-15-21 is not listed on IDEAS
    5. Yaozhi Xu & Liling Xu, 2023. "The Convergence between Digital Industrialization and Industrial Digitalization and Export Technology Complexity: Evidence from China," Sustainability, MDPI, vol. 15(11), pages 1-18, June.
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    8. Dong Xuan Nguyen, 2016. "Trade liberalization and export sophistication in Vietnam," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(8), pages 1071-1089, November.

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