1997
DOI: 10.11130/jei.1997.12.4.505
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China in 2005: Implications for the Rest of the Wo r l d

Abstract: This paper analyzes the impact of continued rapid, growth in china on her trading partners using a multiregion, applied general equili,brium model. con_ trary to conuentional wisdom, we find that most deueloping countries benefit from china's growth. Product dffirentiation plays a key role in this flnding. systematic analysis of these welfare gains shows that, as exfected,, simple terms of trade calculations based on net trade positions and aaerage world price changes Predict a loss for the deueloping countrie… Show more

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Cited by 35 publications
(24 citation statements)
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“…The model approach is fully described in Hertel (1997). It has been used to generate projections of policy shifts and biotechnology breakthroughs in China in the future (Arndt et al, 1997;Huang et al, 2004a,b).…”
Section: Testing Costs In the Usmentioning
confidence: 99%
“…The model approach is fully described in Hertel (1997). It has been used to generate projections of policy shifts and biotechnology breakthroughs in China in the future (Arndt et al, 1997;Huang et al, 2004a,b).…”
Section: Testing Costs In the Usmentioning
confidence: 99%
“…T he only amendments that we make involve doubling the Armington elasticities, which control the degree of substitutability between domestic goods and imports and between imports from alternative sources. This assumption follows Anderson et al (1997) and Arndt et al (1997). The database has been aggregated to 12 regions, with the focus on APEC members, and nine commodities.…”
Section: M Ethodolog Ymentioning
confidence: 99%
“…As the GTAP 6 data base contains data for 2001, but the aid policy is designed for the year 2010, the methodology described in Arndt et al (1997) has been applied to provide a status quo projection of the global economy in the selected year. The approach is based on a two-stage procedure.…”
Section: Data Calibrationmentioning
confidence: 99%