The Global Welfare Impact of China: Trade Integration and Technological Change
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 Ch...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 12/79 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (62 p) |
| ISBN: | 1475502311 9781475502312 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:18Z |
| indexdate | 2024-07-10T09:35:25Z |
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| series2 | IMF Working Papers |
| spelling | di Giovanni, Julian Verfasser aut The Global Welfare Impact of China Trade Integration and Technological Change di Giovanni, Julian Washington, D.C International Monetary Fund 2012 1 Online-Ressource (62 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/79 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 Online-Ausg Levchenko, Andrei A. Sonstige oth Zhang, Jing Sonstige oth http://elibrary.imf.org/view/IMF001/12691-9781475502312/12691-9781475502312/12691-9781475502312.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | di Giovanni, Julian The Global Welfare Impact of China Trade Integration and Technological Change |
| title | The Global Welfare Impact of China Trade Integration and Technological Change |
| title_auth | The Global Welfare Impact of China Trade Integration and Technological Change |
| title_exact_search | The Global Welfare Impact of China Trade Integration and Technological Change |
| title_exact_search_txtP | The Global Welfare Impact of China Trade Integration and Technological Change |
| title_full | The Global Welfare Impact of China Trade Integration and Technological Change di Giovanni, Julian |
| title_fullStr | The Global Welfare Impact of China Trade Integration and Technological Change di Giovanni, Julian |
| title_full_unstemmed | The Global Welfare Impact of China Trade Integration and Technological Change di Giovanni, Julian |
| title_short | The Global Welfare Impact of China |
| title_sort | the global welfare impact of china trade integration and technological change |
| title_sub | Trade Integration and Technological Change |
| url | http://elibrary.imf.org/view/IMF001/12691-9781475502312/12691-9781475502312/12691-9781475502312.xml |
| work_keys_str_mv | AT digiovannijulian theglobalwelfareimpactofchinatradeintegrationandtechnologicalchange AT levchenkoandreia theglobalwelfareimpactofchinatradeintegrationandtechnologicalchange AT zhangjing theglobalwelfareimpactofchinatradeintegrationandtechnologicalchange |