Date of Award


Degree Type

Open Access Dissertation

Degree Name

International Politics and Political Science, PhD


School of Social Science, Politics, and Evaluation

Dissertation or Thesis Committee Member

Yi Feng

Dissertation or Thesis Committee Member

Mark Abdollahian

Dissertation or Thesis Committee Member

Graham Bird

Terms of Use & License Information

Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2024 Jingyu Wang


Advanced economies, Asian economic development, Financial crisis of 2008, Network modeling, Trade

Subject Categories

Asian Studies | Economics | International Relations


This dissertation is aimed to discuss the relationship change between east and southeast Asian countries and advanced economies, especially focus on the export and import changes before and after 2008. This study uses both econometrics model (fixed effect, first difference effect, difference-in-difference model) and social network models to analyze the impact of the 2008 financial crisis on these Asian countries and advanced economies. The results show that after 2008 the impact of exports with advanced economies on GDP per capita growth has changed from negative to positive, while the impact of imports with advanced economies on GDP per capita growth has no significant changes. At the same time, trade with emerging markets shows a similar result: after the crisis, exports show a positive relationship and imports don’t have a significant change with GDP per capita growth. And exports with emerging markets have changed more significantly than exports with advanced economies. The results also show that the inflow of foreign direct investment in these Asian countries are more sensitive and more responsive to crisis. The social network model adds more detail to the changes in trade relationships. The response of exports and imports between these countries and advanced countries has large differences between different countries. In the aftermath of the 2008 crisis, trade between different countries and advanced economies showed different outcomes, with some changes in relationships temporary and some lasting longer. The changes in imports and exports after 2015 were also more pronounced. And the share of export and import of these Asian countries and emerging economies grew significantly faster than the share of export and import of these countries with developed economies. All the above results explained that the crisis increased the magnitude of the effect of export with both advanced and emerging economies on the economic growth. In addition, after the crisis, the trade of Asian countries showed different development trends, and the Sino-American trade war would also have different degrees of impact on the trade of Asian countries.