Has China displaced its competitors in high tech trade?

This paper empirically investigated the extent to which China displaced its competitors in high-tech exports using disaggregated data for the period 1992–2013. To address the endogeneity problem, we used a comprehensive set of instruments for Chinese high-tech exports in relevant markets, including China's GDP and distances to those markets. Results of our IV regressions revealed that in most of the high-tech sectors, Chinese exports had displaced the exports of its developing competitors such as India, South American exporters like Brazil and Mexico, and South-East Asian countries like Malaysia, Singapore, Thailand and Vietnam, especially in the period prior to the 2007–08 global financial crisis. Yet, Chinese exports had been associated with more high-tech exports of developed exporters like OECD countries, South Korea and Japan. Our findings suggest that while China became the world's top high-tech exporter, its high-tech exported products had been substitutes to those of other developing and emerging economies but complementary to that of developed economies.

New York Trade School Graduate, Stanley Carraher

Stanley Carraher graduated from the New York Trade School's Welding program in 1952. He is shown in his position as Welder Foreman at the construction of the Throggs Neck Bridge. Original caption reads, "Stanley Carraher - Welding 1952. Modern bridge construction requires the services of many compitent [sic] Welders. In this picture, Stanley Carraher is shown supervising the welding on the new Throggs Neck Bridge in New York City." Black and white photograph with caption adhered to reverse.

New York Trade School Building

A group is standing immediately outside the New York Trade School building while students and others pass by. The building was located on East 67th Street in Manhattan.

Kenneth Schweiger Congratulates at a Student at a New York Trade School Commencement Ceremony

A student is shown on stage shaking hands with Kenneth Schweiger, a New York Trade School administrator and receiving an award at a commencement ceremony for the New York Trade School. Photograph is black and white.

George E. McLaughlin Speaking at a New York Trade School Commencement Ceremony

New York Trade School superintendent George E. McLaughlin speaks at the school's 1953 commencement ceremony. Black and white photograph.

Food Line at a New York Trade School Social Event

This black and white photograph shows a large group of men lining up for dessert at a New York Trade School social event.

Alex E. Davis, Graduate of the New York Trade School

Alexander Davis, Jr., a graduate of the Carpentry program of the New York Trade School in 1955 is shown working. Original caption reads, "Carpenter Contractor, Alex E. Davis Builder, Easton, Pa. Alexander Davis, Jr. - Carpentry 1955. The remodeling of old and building of new houses etc., offers many opportunities for success. Mr. Davis is shown hanging a new door on a building." Black and white photograph with caption glued to reverse.

Student Receiving Award at New York Trade School Commencement Ceremony

A student (right) is shown shaking the hand of an administrator and accepting an award at a New York Trade School commencement ceremony. Photograph is black and white.

Students Working in New York Trade School Library

Students are depicted reading and studying at tables in a section of the New York Trade School Library. Black and white photograph.

Group photo at New York Trade School Commencement Ceremony, 1959

A group of administrators from the New York Trade School pose at the 1959 commencement ceremony held May 19, 1959. Original caption: "Front: (left to right) Wm. F. Vanderbeek - Kenneth Schweiger - Bernard Rosenstadt - Ralph D. Cole - George E. McLaughlin - Herbert Brod - Edward Hansen. Back: (left to right) James Wright - Lawrence Levenstein - Ronald B. Smith - Roy Wall."

Student being congratulated at a New York Trade School Commencement Ceremony

A student is being congratulated at a New York Trade School commencement ceremony. Administrators and other important persons can be sitting on the stage behind him. Photograph is black and white.

New York Trade School Graduates David J. Stevens and Ernest Fitzgerald

David J. Stevens and Ernest Fitzgerald were 1948 graduates of the Plumbing Department at the New York Trade School and are pictured with a truck from their successful D.H. Stevens Company in Washington, DC. Original caption reads, "David J. Stevens - Plumbing 1948, is shown here with Ernest Fitzgerald - Plumbing 1948, with two of their thirteen pieces of equipment necessary to satisfy 650 calls per month. David Stevens is the third generation to have graduated from Plumbing." Black and white photograph with caption adhered to reverse.

George E. McLaughlin Speaking at a New York Trade School Commencement Ceremony

A George E. McLaughlin, a New York Trade School administrator, is pictured speaking along with others on dais at the May 1958 commencement ceremony of the New York Trade School. Photograph is black and white.

Group photo at a New York Trade School Commencement Ceremony

A group, possibly administrators, pictured at a New York Trade School commencement ceremony. Photograph is black and white and contains some writing in red ink on it.

Speaker at a New York Trade School Social Event

A speaker is pictured along with other important guests on the dais at a New York Trade School social event. Black and white photograph.