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Economy-wide impact of TPP: New challenges to China
Sikdar, Chandrima; Mukhopadhyay, Kakali - In: Journal of Economic Structures 6 (2017) 22, pp. 1-29
suffer. More than the loss in trade, China will experience substantial welfare loss due to all of allocative inefficiency …, worsening terms of trade and endowment effect. Of these, worsening terms of trade explain the largest part of welfare loss to … the country. With the withdrawal of the USA from the deal, China's trade with the region and its welfare is likely to …
Persistent link: https://www.econbiz.de/10011991419
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Economy-wide impact of TPP : new challenges to China
Sikdar, Chandrima; Mukhopadhyay, Kakali - In: Journal of economic structures : JES; the official … 6 (2017) 22, pp. 1-29
suffer. More than the loss in trade, China will experience substantial welfare loss due to all of allocative inefficiency …, worsening terms of trade and endowment effect. Of these, worsening terms of trade explain the largest part of welfare loss to … the country. With the withdrawal of the USA from the deal, China’s trade with the region and its welfare is likely to …
Persistent link: https://www.econbiz.de/10011770295
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Intranational risk sharing and its determinants
Ho, Chun-Yu; Ho, Wai-Yip Alex; Li, Dan - In: Journal of International Money and Finance 51 (2015) C, pp. 89-113
risk in the national market rather than the local market. The welfare gain from reaching the perfect consumption risk … on the estimated degree of risk sharing participation, the welfare gain from pooling all income risks at the national …
Persistent link: https://www.econbiz.de/10011190180
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Outward FDI from a Free Trade Area : The Small Open Economy Case
WANG, Yu-Ter - 2009
In a simple three-country model where two countries sign a free trade agreement eliminating restrictions on trade and investment between them, this paper shows that any benefits accruing to the investing country from engaging in outward FDI will depend on the difference between the net return...
Persistent link: https://www.econbiz.de/10013155716
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On the Economics of Regional Powers: Comparing China, India, Brazil, and South Africa
Kappel, Robert - 2010
As the conception of and debates on regional powers have been led by political science, this pa-per aims to contribute to the discussion from an economics perspective. Based on the discussion of different concepts of economic power - such as those of Schumpeter, Perroux, Predöhl, or...
Persistent link: https://www.econbiz.de/10010293523
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EU-African Economic Relations: Continuing Dominance, Traded for Aid?
Kohnert, Dirk - 2008
Promising growth rates, increased trade, and competition among major global players for African resources have boosted the development and bargaining power of sub-Saharan Africa (SSA) in relation to the EU. However, Africa's least developed countries remain vulnerable to external shocks....
Persistent link: https://www.econbiz.de/10010293533
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Whither China? Reform and Economic Integration among Chinese Regions
Fidrmuc, Jan; Fidrmuc, Jarko; Huang, Shuo - 2013
This paper investigates the changing nature of economic integration in China. Specifically, we consider business-cycle synchronization (correlation of demand and supply shocks) among Chinese provinces during the period 1955-2007. We find that the symmetry of supply shocks has declined after the...
Persistent link: https://www.econbiz.de/10010293979
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Der Festkurs als merkantilistische Handelspolitik : Chinas Währungs- und Geldpolitik im Umfeld globaler Ungleichgewichte
Schnabl, Gunther - 2005
Der Druck auf die chinesische Regierung, die Wechselkursbindung des chinesischen Yuan an den US Dollar aufzugeben, ist groß. Seitdem der Dollar unter kontinuierlichem Abwertungsdruck steht, wird in den westlichen Industriestaaten Chinas Festkurs einer merkantilistischen Handelspolitik...
Persistent link: https://www.econbiz.de/10010296338
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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States
McKinnon, Ronald - 2005
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...
Persistent link: https://www.econbiz.de/10010297476
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East Asia in World Trade: The Decoupling Fallacy, Crisis, and Policy Challenges
Athukorala, Prema-chandra; Kohpaiboon, Archanun - 2010
This paper examines the export experience of China and other East Asian economies in the aftermaths of the global financial crisis against the backdrop of pre-crisis trade patterns. The analysis is motivated by the 'decoupling' thesis, which was a popular theme in the Asian policy circles in the...
Persistent link: https://www.econbiz.de/10011345456