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dc.contributor.authorFaria, João Ricardoen_US
dc.contributor.authorMollick, André Varellaen_US
dc.contributor.authorAlbuquerque, Pedro H.en_US
dc.contributor.authorLeón-Ledesma, Miguel A.en_US
dc.date.accessioned2011-10-21T16:53:13Z-
dc.date.available2011-10-21T16:53:13Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/50610-
dc.description.abstractThe increase in oil prices in recent years has occurred concurrently with a rapid expansion of Chinese exports in the world markets, despite China being an oil importing country. In this paper we develop a theoretical model that explains the positive correlation between Chinese exports and the oil price. The model shows that Chinese growth can lead to an increase in oil prices that has a stronger impact on its export competitors. This is due to the large labor force surplus of China. We then examine this hypothesis by estimating a reduced form equation for Chinese exports using Rodrik (2006)'s measure of export competitiveness, together with the oil price, productivity, real exchange rate, and foreign industrial production over the monthly 1992-2005 period. The results suggest a stable relationship and yields slightly positive values for the price of oil and elastic coefficients for export competitiveness, along with the expected negative elasticity for the real exchange rate.en_US
dc.language.isoengen_US
dc.publisherUniv. of Kent, School of Economics Canterburyen_US
dc.relation.ispartofseriesSchool of Economics discussion papers 08,12en_US
dc.subject.jelF14en_US
dc.subject.jelF43en_US
dc.subject.ddc330en_US
dc.subject.keywordChinaen_US
dc.subject.keywordoil pricesen_US
dc.subject.keywordcompetitivenessen_US
dc.subject.keywordexportsen_US
dc.subject.keywordproductivityen_US
dc.subject.stwÖlpreisen_US
dc.subject.stwExporten_US
dc.subject.stwWechselkursen_US
dc.subject.stwProduktivitäten_US
dc.subject.stwWettbewerben_US
dc.subject.stwChinaen_US
dc.titleChina's exports and the oil priceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn588107247en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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