Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128440
Authors: 
Gawellek, Bastian
Lyu, Jingjing
Süssmuth, Bernd
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5735
Abstract: 
Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the global recession. However, both the sectoral targeting and the size of the pre-crisis engagement matter: While COA in clearly to financial markets tied sectors implied an aggravation, substantial precrisis investment in the energy, metals and transportation industries implied an attenuation of the slump.
Subjects: 
global crisis
offshoring
developing countries
sectoral transmission
JEL: 
F20
F30
F40
F63
Document Type: 
Working Paper

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