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The Trade Impact of China on EMU Is It Even Across Members?

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity shocks...

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Bibliographic Details
Main Author: Perez Ruiz, Esther
Other Authors: Mikkelsen, Uffe
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Balance Of Trade
Research And Development
Finance
Labour
Intellectual Property Rights: General
Technology
Wages, Compensation, And Labor Costs: General
Trade Deficits
General Issues
Competition
Trade: General
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
International Economics
Labor
Financial Markets
International Trade
Exports
Innovation
Wages
Technological Change
Empirical Studies Of Trade
Size And Spatial Distributions Of Regional Economic Activity
Finance: General
Income Economics
Neoclassical Models Of Trade
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required adjustment in wages, prices, and factor re-allocation is widely heterogenous across euro area countries on accounts of their different specialization patterns. This raises the question of the distribution of gains and losses from external trade shocks
Physical Description:25 pages
ISBN:9781475510287

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