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GTAP Resource #670

"The Economic Impact of China's WTO Accession on the World Economy"
by Wang, Zhi


Abstract
Abstract
This paper evaluates the impact of China's WTO accession on patterns of world trade and economic growth by a recursive dynamic, 17-region, 25-sector computable general equilibrium (CGE) model with import embodied technology transfer based on actual market access commitments that China and Taiwan have made to date. The simulation results show that the major gains from WTO accession would accrue to China itself, but rest of the world, especially developed countries and Asian newly industrialized economies, as well as least developed countries, also benefit because of expansion of world trade and improvement of their international terms of trade. Only some developing countries with a similar endowment structure as China, like those in South America and Southeast Asia, may experience keener competition in labor-intensive exports and lower prices for their products.


Resource Details (Export Citation) GTAP Keywords
Category: 2001 Conference Paper
Status: Published
By/In: Presented at the 4th Annual Conference on Global Economic Analysis, Purdue University, USA
Date: 2001
Version: n.a.
Created: (5/30/2001)
Updated: Wang, Z. (5/30/2001)
Visits: 1,514
No keywords have been specified.


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