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The value of information in international trade : gains to outsourcing through Hong Kong

Author: Robert C Feenstra; Gordon H Hanson; Songhua Lin; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2002.
Series: Working paper series (National Bureau of Economic Research), no. 9328.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services. During the 1990s, Hong Kong intermediated about half of the goods that China exported to the rest of the world. Our  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert C Feenstra; Gordon H Hanson; Songhua Lin; National Bureau of Economic Research.
OCLC Number: 51331123
Notes: "November 2002.
Description: 1 online resource (37 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 9328.
Responsibility: Robert C. Feestra, Gordon H. Hanson, Songhua Lin.

Abstract:

Abstract: In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services. During the 1990s, Hong Kong intermediated about half of the goods that China exported to the rest of the world. Our results suggests that gains to intermediary services provided by Hong Kong equal 16% of the value of goods that China exports to other countries through Hong Kong, and range between 10% and 21% of this export value for various manufacturing goods and across different years.

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