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What has been the overall global welfare impact of the accession to the World Trade Organization of a large country ….05% lower in the year 2008 if China had not gained accession to the WTO in 2001 …
Persistent link: https://www.econbiz.de/10013108084
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...
Persistent link: https://www.econbiz.de/10013018278
In this paper, we provide evidence that expanding firms tend to serve new markets which are geographically close and culturally related to their prior export destinations. We quantify the impact of this spatial pattern using a Chinese firm-level data set. To ensure an exogenous set of potential...
Persistent link: https://www.econbiz.de/10013315943