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, including the United States, to China and ROW. In addition, the share of China in East Asia’s final demand, especially … investment, rose sharply while that of Japan fell. On the supply side, the paper documents the rise of China into a “global … factory” and the steady shift in regional production and integration from Japan and the United States to China …
Persistent link: https://www.econbiz.de/10014402867
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …
Persistent link: https://www.econbiz.de/10014403900
. Furthermore, the decomposition of aggregate BC comovement shows that the increase in trade with China has contributed the most to …
Persistent link: https://www.econbiz.de/10012022016
This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings suggest that, in principle, membership in a currency union should benefit Africa as...
Persistent link: https://www.econbiz.de/10014400074
The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...
Persistent link: https://www.econbiz.de/10014396289
This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the...
Persistent link: https://www.econbiz.de/10014403368
Persistent link: https://www.econbiz.de/10009572379
This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected …
Persistent link: https://www.econbiz.de/10009622526
We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in …) mean that a separate treatment of China allows for a better consideration of China, as well as how the rest of emerging …
Persistent link: https://www.econbiz.de/10012667411
This paper uses disaggregated trade data to assess how the expansion of China''s production capacity and its changing … production structure may be affecting its trade linkages with other countries. It finds that China is moving away from … components. In turn, China''s imports and exports have begun to delink, with increased domestic sourcing contributing to the …
Persistent link: https://www.econbiz.de/10014400985