Paper #1388

Títol:

The global welfare impact of China: Trade integration and technological change

Autors:

Julian di Giovanni, Andrei A. Levchenko i Jing Zhang

Data:

Octubre 2013

Resum:

This paper evaluates the global welfare impact of China's trade integration and technological change in a multi-country quantitative Ricardian-Heckscher-Ohlin model. We simulate two alternative 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 experience significantly larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. This finding is driven by the inherently multilateral nature of world trade.

Paraules clau:

China, productivity growth, international trade

Codis JEL:

F11, F43, O33, O47

Àrea de Recerca:

Macroeconomia i Economia Internacional

Publicat a:

American Journal of Economics: Macroeconomics, 6:3, 153-183, July 2014

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