Mai, Yinhua; Adams, Philip; Dixon, Peter; Menon, Jayant - In: Asian Development Review 27-2 (2010) 2, pp. 82-121
This paper analyzes the impact that terms of trade (TOT) are likely to have on the growth of the People’s Republic of China’s (PRC) neighboring countries. Two scenarios employing a dynamic computable general equilibrium (CGE) framework are considered: (i) a convergence scenario, where...