Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China

François, Joseph; Spinanger, Dean

doi:10.2139/ssrn.539482

Cited by 6 publications

(9 citation statements)

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“…8. Francois and Spinanger (2004) estimate that tariff reform as part of WTO accession could generate as much as a 20% increase in total factor productivity in the automobile sector, affecting particularly assembly operations. None of the studies looking at the regional impact of China's WTO accession consider the reform-induced restructuring of the automobile sector.…”

Section: Impact Of Wto Accession On East Asia: a Qualitative Assementioning

confidence: 99%

“…9. The method adopted here follows Francois and Spinanger (2004). Most studies have abstracted from the impact of China's WTO accession on cross-border trade in services.…”

Section: Impact Of Wto Accession On East Asia: a Qualitative Assementioning

confidence: 99%

“…28. Francois and Spinanger (2004) estimated the tariff equivalents of the nontariff barriers to cross-border trade in services in China and Tawain (China) before and after accession. From these estimates cuts in tariff equivalents on direct trade in services are computed as documented in Hertel et al (2001).…”

Section: Impact On Japan and The Nies In East Asiamentioning

confidence: 99%

“…In electronics, China will source its additional inputs from the countries that get the largest tariff reductions-the United States, India, and other South Asian countries, and to a lesser extent Hong Kong (China) and Singaporerather than from Korea, whose tariffs on electronic products are already quite low. 33 In automobile production, China's current plans for restructuring its industry will make it a more efficient assembler of motor vehicles and eventually an exporter (Francois and Spinanger, 2004). This prospect could lead to a major reorganization of the industry across the region.…”

Section: Impact On Japan and The Nies In East Asiamentioning

confidence: 99%

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Impact of China's WTO Accession on East Asia

Ianchovichina¹,

Walmsley²

2005

Contemporary Economic Policy

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2China's WTO accession will have major implications for China and present both opportunities and challenges for East Asia. We assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these effects using a dynamic computable general equilibrium model. China will be the biggest beneficiary of accession, followed by the industrialized and newly industrializing economies (NIEs) in East Asia. However, their benefits are small relative to the size of their economies and to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing countries in East Asia are expected to incur small declines in real GDP and welfare as a result of China's accession, mainly because with the elimination of quotas on Chinese textile and apparel exports to developed countries China will because a formidable competitor in areas in which these countries have comparative advantage.With WTO accession China will increase its demand for petrochemicals, electronics, machinery, and equipment from Japan and the Newly Industrializing Economies (NIEs), and farm, timber, energy products, and other manufactures from the developing East Asian countries. New foreign investment is likely to flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs, but negative for the less developed East Asian countries as a result of the contraction of these economies' textile and apparel sector. As China becomes a more efficient supplier of services or a more efficient producer of high-end manufactures, its comparative advantage will shift into higher-end products. This is good news for the poor developing economies in East Asia, but implies that the impact of China's WTO accession on the NIEs may change to include heightened competition in global markets. JEL classification: F11, F15

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Section: Impact Of Wto Accession On East Asia: a Qualitative Assementioning

confidence: 99%

“…9. The method adopted here follows Francois and Spinanger (2004). Most studies have abstracted from the impact of China's WTO accession on cross-border trade in services.…”

Section: Impact Of Wto Accession On East Asia: a Qualitative Assementioning

confidence: 99%

Section: Impact On Japan and The Nies In East Asiamentioning

confidence: 99%

Section: Impact On Japan and The Nies In East Asiamentioning

confidence: 99%

See 2 more Smart Citations

Impact of China's WTO Accession on East Asia

Ianchovichina¹,

Walmsley²

2005

Contemporary Economic Policy

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“…The growth of domestic companies has often been stimulated by local governments, which wanted this pillar industry to become strong in their own territory as well to boost economic growth (Francois & Spinanger, 2004; Lee, 2007; S. H. Park, Li, & Tse, 2006).…”

Section: Resultsmentioning

confidence: 99%

Co-Evolution in Relation to Small Cars and Sustainability in China

Kolk

Tsang

2016

Business & Society

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This article explores how the institutional context, including central and local governments, has co-evolved with business in relation to small cars and sustainability. This issue is very relevant for business and society in view of the environmental implications of the rapidly growing vehicle fleet in China, the economic importance attached to this pillar industry by the government, and citizen interest in owning and driving increasingly larger cars. The interactions between different levels of government, and with business (both domestic and foreign-invested) in countries with a large role for the state is a novel area of study in the business-society area and a complex one given the multitude of objectives and interests involved in industry competitiveness, economic development, energy security, and sustainability. The article shows that the central government has adopted policies to further the production and use of small cars, which it perceives as serving environmental, economic, and social goals. Concurrently, however, many local governments imposed restrictions on small cars and have, implicitly or explicitly, favored larger cars. There seems to be a clear linkage to municipal ownership of those domestic automobile companies which, via joint ventures with foreign firms, focused more on larger cars. By adopting a co-evolutionary approach focused on macro-level interactions, the case helps to shed some more light on concrete sustainability challenges, and broader government–business interactions in a highly institutionalized setting, contributing insights on issues that have remained underexposed in business and society research.

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China’s Accession to the WTO and the Collapse That Never Was

Jefferies

2020

Review of Radical Political Economics

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This article examines the application of neoclassical economics to the discussion of China’s transition to the market in the 1990s and its accession to the World Trade Organization (WTO) in 2001. It shows how this theory shaped, and misled, forecasts of the impact of that accession and of China’s subsequent economic performance. It discusses the debate between mini-bang and big-bang transition policies in the 1990s and shows the two sides shared far more in common than separated them. Both sides misestimated, in fact grossly underestimated, the dynamism of China’s economy. It shows how widely anticipated predictions of crisis and collapse with China’s WTO accession were the natural result of the assumptions of the neoclassical model. It suggests that a rival model of market transition based on Bukharin and Kuznets has much to offer. JEL Classification: P22, P26, P21, B24

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Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China

Cited by 6 publications

References 5 publications

Impact of China's WTO Accession on East Asia

Impact of China's WTO Accession on East Asia

Co-Evolution in Relation to Small Cars and Sustainability in China

China’s Accession to the WTO and the Collapse That Never Was

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