Title
What does the Chinese market need? An empirical study of the determinants of Chinese imports, 1996-2008What does the Chinese market need? An empirical study of the determinants of Chinese imports, 1996-2008
Author
Faculty/Department
Faculty of Applied Economics
Research group
Management
Publication type
article
Publication
London,
Subject
Economics
Source (journal)
Asia Pacific business review. - London
Volume/pages
19(2013):3, p. 402-420
ISSN
1360-2381
1743-792X
ISI
000321987000006
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
This study provides an in-depth analysis of the determinants of import demand in China through a multilevel approach. Using disaggregated data over 1996-2008 and a dynamic panel model, we find that the Chinese import market is predominantly characterized by quality competition. However, the nature of the competition varies across different industries. In line with theory, quality plays an important role in industries that are characterized by the potential for quality improvement and product differentiation, whereas price is key in industries in which quality and product differences are rather small. Moreover, private consumption expenditure is more influential than other categories of expenditures. Additionally, variables that can influence the relative price of import products, such as the exchange rate, tariffs and the domestic price index, also have an impact on import demand.
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