This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United … Cooperation Council (GCC) countries and MENA oil exporters to the rest of the world. This analysis is based on a Global Vector … developments in China than to shocks in the Euro Area or the United States, in line with the direction of evolving trade patterns …

throughout the world. This paper contributes to the literature by investigating whether this impact differs across regions …

declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …

We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …

China's current growth model — which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China's provinces indicates that there is room to improve productivity and sustain …

After many years of rapid expansion, China's growth is slowing to more sustainable levels and is rebalancing, with … financial markets. It finds that countries with closer trade linkages with China (Malaysia, Singapore, and Thailand) and net … points in response to a decline in China's growth by 1 percentage point depending on the model used and the nature of the …

This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China's investment and export …. Across China's provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …

The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has … started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads to 0.02 percent increase … on the SSA's GDP per capita; (ii) oil and investment-goods exporters benefit more from China's growth; (iii) compared to …