Does the Domestic Value Added Induced by China's Exports Really Belong to China?  

作　　者：Yuwan Duan Cuihong Yang Kunfu Zhu Xikang Chen 

机构地区：[1]Academy of Mathematics and Systems Science,Chinese Academy of Sciences

出　　处：《China & World Economy》2012年第5期83-102,共20页中国与世界经济（英文版）

基　　金：supported by the National Natural Science Foundation of China(Grant Nos.71003093, 70871108 and 70810107020)

摘　　要：Since 2001, the exports of foreign-invested enterprises （FIEs） have accounted for more than 50percent of China＇s total exports. As foreign capital occupies a high proportion of the total capital of FIEs, most FIEs ＇ capital gains are foreign factor income. Although these gains are calculated as apart of China＇s GDP, they do not belong to China＇s national income. To determine the real contribution of exports to China ＂s welfare, the present paper analyses the impact of exports on China ＂s national income using a non-competitive input output model capturing processing trade. The results show that every US$1000 of China＇s exports generates US$506.8 of national income. The real contribution of exports to China ＂s welfare is much smaller than what we expected. This suggests that China should endeavor to improve the gains from international markets orfind another engine to maintain its economic growth.Since 2001, the exports of foreign-invested enterprises （FIEs） have accounted for more than 50percent of China＇s total exports. As foreign capital occupies a high proportion of the total capital of FIEs, most FIEs ＇ capital gains are foreign factor income. Although these gains are calculated as apart of China＇s GDP, they do not belong to China＇s national income. To determine the real contribution of exports to China ＂s welfare, the present paper analyses the impact of exports on China ＂s national income using a non-competitive input output model capturing processing trade. The results show that every US$1000 of China＇s exports generates US$506.8 of national income. The real contribution of exports to China ＂s welfare is much smaller than what we expected. This suggests that China should endeavor to improve the gains from international markets orfind another engine to maintain its economic growth.

关 键 词：domestic factor income domestic value added EXPORTS foreign factor income 

分 类 号：F752.62[经济管理—国际贸易]