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dc.contributor.authorFujiwara, Ippeien_US
dc.contributor.authorOtsu, Keisukeen_US
dc.contributor.authorSaito, Masashien_US
dc.date.accessioned2011-07-13en_US
dc.date.accessioned2011-10-21T16:53:07Z-
dc.date.available2011-10-21T16:53:07Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/50603-
dc.description.abstractThree decades have passed since China dramatically opened up to the global market and began to catch up rapidly with leading economies. In this paper we discuss the effects of China's opening-up and rapid growth on the welfare of both China and the rest of the world (ROW). We find that the opening-up per se is welfare improving for China but has had little impact on the ROW. The opening-up of China is beneficial to the ROW if it led to significant productivity growth in China. Furthermore, China's balanced trade policy after the opening-up has helped the ROW rather than China. Hence, according to a simple neoclassical model with complete markets, a gradual trade liberalization in China is prefereble to a drastic one from the ROW perspective.en_US
dc.language.isoengen_US
dc.publisherUniv. of Kent, School of Economics Canterburyen_US
dc.relation.ispartofseriesSchool of Economics discussion papers 11,15en_US
dc.subject.jelE13en_US
dc.subject.jelF41en_US
dc.subject.jelO47en_US
dc.subject.ddc330en_US
dc.subject.keywordchinese growthen_US
dc.subject.keywordreform and opening-upen_US
dc.subject.keywordproductivityen_US
dc.subject.keywordterms of tradeen_US
dc.titleThe global impact of Chinese growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn664112978en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:School of Economics Discussion Papers, University of Kent

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