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dc.contributor.authorKawai, Masahiroen_US
dc.contributor.authorZhai, Fanen_US
dc.date.accessioned2011-01-04en_US
dc.date.accessioned2011-12-15T12:25:38Z-
dc.date.available2011-12-15T12:25:38Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53596-
dc.description.abstractUsing a global general equilibrium trade model, this paper assesses the long-term implications of global rebalancing for Asian economies and explores the benefits of the People's Republic of China-Japan-United States integration. The analysis suggests that consumption evaporation, a growth slowdown in the US, and the consequent current account correction would force the People's Republic of China, Japan, and other East Asian economies to undergo substantial structural adjustments. A combination of domestic reform aimed at boosting service sector productivity and external liberalization aimed at fostering broader economic integration will be critical for East Asian economies to facilitate their economic rebalancing and sustained growth. Our global computable general equilibrium analysis suggests that the People's Republic of China and Japan need to strengthen their economic ties with the United States while at the same time bringing other East Asia economies into this integration process.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 152en_US
dc.subject.jelC68en_US
dc.subject.jelF15en_US
dc.subject.ddc330en_US
dc.titleThe People's Republic of China- Japan- United States integration amid global rebalancing: A computable general equilibrium analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn61369662Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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