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Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model

This paper assesses the spillovers from different facets of China rebalancing using a calibrated Ricardian trade model that includes 41 economies, each consisting of 34 sectors. We find that China's move up the value chain in particular has the potential for significant spillovers - on the one...

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Bibliographic Details
Main Author: Mano, Rui
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Trade: Forecasting And Simulation
Industrial Productivity
Spillovers
Empirical Studies Of Trade
Production
Productivity
International Economics
Macroeconomics
Exports
Financial Sector Policy And Analysis
Income
National Accounts
Externalities
Aggregate Factor Income Distribution
Macroeconomics: Consumption
Wealth
Exports And Imports
International Finance
International Trade
Macroeconomics: Production
Trade: General
Economics
Saving
Neoclassical Models Of Trade
Consumption
Production And Operations Management
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper assesses the spillovers from different facets of China rebalancing using a calibrated Ricardian trade model that includes 41 economies, each consisting of 34 sectors. We find that China's move up the value chain in particular has the potential for significant spillovers - on the one hand, adversely affecting industrialized economies heavily involved in the Asia value chain, while at the same time generating positive spillovers to lower and middle income countries. The model's strength lies in endogenously capturing production value chains and international trade of goods across sectors
Physical Description:38 pages
ISBN:9781475553741

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