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This paper evaluates the global welfare impact of China''s trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a ""balanced"" one in which China''s productivity grows...
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Recommended readings (Machine generated): 1. Piyabha Kongsamut, Sergio Rebelo and Danyang Xie (2001), 'Beyond Balanced Growth', Review of Economic Studies, 68 (4), October, 869-82 -- 2. Reto Foellmi and Josef Zweimüller (2008), 'Structural Change, Engle's Consumption Cycles and Kaldor's Facts...
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