The Global Welfare Impact of China

Released on by Mr.Julian Di Giovanni
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  • The Global Welfare Impact of China Book Detail

  • Author : Mr.Julian Di Giovanni
  • Release Date : 2012-03-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 50
  • ISBN 13 : 1475502311
  • File Size : 24,24 MB
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The Global Welfare Impact of China by Mr.Julian Di Giovanni PDF Summary

Book Description: This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China's productivity grows at the same rate in each sector, and an "unbalanced" one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration.

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The Global Welfare Impact of China

The Global Welfare Impact of China

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This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implement

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Managing Capital Inflows

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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and