China: International Trade and WTO Accession

Blancher, Nicolas; Rumbaugh, Thomas

doi:10.5089/9781451845488.001

Cited by 35 publications

(6 citation statements)

References 3 publications

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“…China's membership in the World Trade Organization (WTO) in November 2001 motivates many studies to examine the effect of WTO entry on financial market construction and economic growth (Allen et al, 2005; Drysdale and Song, 2000; Blancher & Rumbaugh, 2004). In the context of Chinese labour share, however, the effect of its entry is void but non‐trivial.…”

Section: Resultsmentioning

confidence: 99%

The effect of exports on labour share: A semiparametric approach using Chinese manufacturing panel data

2021

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We distinguish the effects of export on labour share into a stand‐alone direct effect and indirect effects, which alter the marginal impact of three key determinants of labour share found in the literature. While the direct effect of export has been extensively studied, the potential indirect effects remain unexplored. We investigate both effects of exports using micro‐level Chinese firm‐level data from 1998 to 2007. We employ a fixed‐effect varying coefficient model to reveal the potential nonlinearity of the effects of exports while alleviating the risk of model mis‐specification. Our model is estimated by a spline‐backfitted kernel estimator, which is more efficient and computationally attractive than alternative estimators. We find that while exports directly increase labour share as expected, it declines labour share indirectly through intensifying the negative marginal impact of firms’ capital intensity, monopoly power and capital‐augmented technological progress on labour share. As a result, the net effect of exports is not beneficial to labour's share of income and varies in magnitude across firm characteristics, regions and time periods.

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Section: Resultsmentioning

confidence: 99%

The effect of exports on labour share: A semiparametric approach using Chinese manufacturing panel data

2021

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“…In terms of trade too, China has become an increasingly important economic hub in Asia, with a growing proportion of its imports coming from its Asian partners and its exports to the region also growing (Morck & Yeung, 2016, p. 297). China is increasingly the most important destination for exports from many countries in the region (Blancher & Rumbaugh, 2004;Tong & Zheng, 2008) and as a result, it presents both a risk and an opportunity for its regional partners (Ba, 2014, p. 150). For example, exports from the Association of South East Asian States (ASEAN) to China increased by almost 140% between 1996 and 2002, even before a trade agreement between the two parties was concluded.…”

Section: Regional Power Dynamicsmentioning

confidence: 99%

The evolution of China’s regional trade agreements: power dynamics and the future of the Asia-Pacific

Sampson

2019

The Pacific Review

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There is a widespread consensus that China's growing network of regional trade agreements in the Asia-Pacific has crucial strategic and economic implications for states in the region. Yet despite the recognition that China's agreements are initially limited and then expanded substantially over time, few accounts explore the strategic and economic implications of this aspect of China's approach. This article addresses this flaw by drawing attention to the relation between regional power dynamics and China's gradualist approach to negotiating regional trade agreements. It presents a new framework which suggests that due to China's steadily improving economic position visa -vis its regional counterparts and the growing economic dependence of these partners on it, China's negotiating approach increases opportunities to maximize its growing bargaining leverage and influence over time and thereby improve its regional position still further. This article concludes by drawing out the implications of this for the region.

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“…Adversely, Chinese WTO commitments such as tariff cuts, eliminating export subsidies, further trade liberalisation and greater global competition had accelerated dramatic changes in domestic economy. In which, the agricultural and food sectors have faced the toughest challenge; for instance, China has agreed to limit domestic agricultural subsidies to 8.5% of production value and eliminated all agricultural export subsidies upon WTO entry [11]. Since rice is among major grains planted in China and China's role is considerably unrivalled in the world rice production, the impacts of WTO accession to rice production and trade activities are inevitable.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of China’s Rice Export after WTO Accession: A Gravity Model Analysis

Lien

Feng

Fei

2019

AJAAR

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This paper applied the commodity-specific gravity approach to investigate the influenced factors to China’s rice export to its major trading partners after World Trade Organization (WTO) accession over 2001- 2014 period. The gravity model was augmented with factors from both exporter’s and importer’s sides. The empirical results revealed that, excepting distance, the remained variables including Gross Domestic Product, population, income, exchange rate, production and price had statistical significance and correlated with the total export as hypothesized. Among these variables, price and production reported as the best predictors, explaining 81.30% and 80.54% variation in China’s total export, respectively. Moreover, the determinants of China’s rice export highly depended on the components of exporter side than that of importer sides. This study results provide the statistical and practical significance for trade policy formulation to promote China’s rice exports in world markets.

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China: International Trade and WTO Accession

Abstract: This Working Paper should not be reported as representing the views of the IMF.

Cited by 35 publications

References 3 publications

The effect of exports on labour share: A semiparametric approach using Chinese manufacturing panel data

The effect of exports on labour share: A semiparametric approach using Chinese manufacturing panel data

The evolution of China’s regional trade agreements: power dynamics and the future of the Asia-Pacific

Determinants of China’s Rice Export after WTO Accession: A Gravity Model Analysis

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