Household Welfare Impacts of China's Accession to the World Trade Organization PDF Download
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Author: Martin Ravallion
Publisher: World Bank Publications
ISBN:
Category : Commercial policy
Languages : en
Pages : 48
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Book Description
Abstract: Chen and Ravallion use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. Price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities and are calibrated to the household-level data imposing minimum aggregation. The authors find negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses. This paper"a product of the Poverty Team, Development Research Group"is part of a larger effort in the group to assess the household welfare impacts of economywide policy changes.
Author: Martin Ravallion
Publisher: World Bank Publications
ISBN:
Category : Commercial policy
Languages : en
Pages : 48
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Book Description
Abstract: Chen and Ravallion use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. Price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities and are calibrated to the household-level data imposing minimum aggregation. The authors find negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses. This paper"a product of the Poverty Team, Development Research Group"is part of a larger effort in the group to assess the household welfare impacts of economywide policy changes.
Author: Shaohua Chen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Chen and Ravallion use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. Price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities and are calibrated to the household-level data imposing minimum aggregation. The authors find negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses. This paper - a product of the Poverty Team, Development Research Group - is part of a larger effort in the group to assess the household.
Author: Shaohua Chen
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Data from China`s national rural and urban household surveys are used to measure and explain the welfare impacts of changes in goods and factor prices attributable to accession to the World Trade Organization. The price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities calibrated to household-level data and imposing minimum aggregation. The results show negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions, associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses.
Author: Shaohua Chen
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author: Kym Anderson
Publisher: World Bank Publications
ISBN:
Category : Income distribution
Languages : en
Pages : 40
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Book Description
Author: Maria Weber
Publisher: Edward Elgar Publishing
ISBN: 9781781958735
Category : Political Science
Languages : en
Pages : 232
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Book Description
Scholars of political economy and international economics as well as academics and researchers of Asian - particularly Chinese- studies, will find this book of great value. Since the People's Republic of China began to promote an open-door policy to foreign investment in 1979, economic results have been startling. In twenty years China recorded at least eight percent growth in gross domestic product annually. Since 1978 the number of Chinese living in poverty dropped from 270 million to 60 million. China's economy cou. By adopting a wide-ranging perspective, this book addresses the key issues relevant to contemporary China, providing a valuable tool with which to understand the challenges and opportunities facing political and economic actors, both domestic and foreign, over the next decades. The book addresses key issues now subject to considerable debate, such as sustainable growth, the imbalances in society deriving from growing inequalities and environmental threats. Concluding this section is an overview of how Chinese - US relations, and China's geo-political role at the international level, have evolved at the turn of the 21st century. The book then goes on to analyse those issues linked to the impacts of recent welfare system reforms. In particular, those impacts on the health care and pension systems, growing unemployment deriving from reform of state-owned enterprises and the related phasing out of the 'cradle-to-grave' welfare system. The closing chapter looks at the potential provided by a fast-growing insurance market in conjunction with WTO opening measures, to assess whether increased opportunities are likely to arise for foreign insurance suppliers.
Author: Mr.Julian Di Giovanni
Publisher: International Monetary Fund
ISBN: 1475535236
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
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 at the same rate in each sector, and an "unbalanced" one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China's productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China's trade integration.
Author:
Publisher:
ISBN: 9789287042323
Category :
Languages : en
Pages : 0
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Book Description
The Role of Trade in Ending Poverty looks at the complex relationships between economic growth, poverty reduction and trade, and examines the challenges that poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the WTO, the publication examines how trade could make a greater contribution to ending poverty by increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making.
Author: Deepak Bhattasali
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author: Elena Ianchovichina
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
