The Global Welfare Impact of China: Trade Integration and Technological Change

@inproceedings{Giovanni2012TheGW,
  title={The Global Welfare Impact of China: Trade Integration and Technological Change},
  author={Julian di Giovanni and Andrei A. Levchenko and Jing Zhang},
  year={2012}
}
This paper evaluates the global welfare impact of China’s trade integration and technological change in a multi-country quantitative Ricardian-Heckscher-Ohlin model. We simulate two alternative 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… CONTINUE READING

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