Kawai, Masahiro; Zhai, Fan - In: Journal of Asian Economics 20 (2009) 6, pp. 688-699
Using a global general equilibrium trade model, this paper assesses the long-term implications of global rebalancing for Asian economies and explores the benefits of China-Japan-United States (US) integration. The analysis suggests that consumption evaporation, a growth slowdown in the US, and...