China’s Economic Growth: International Spillovers

Author/Editor: Athanasios Vamvakidis ; Vivek B. Arora
Publication Date: July 01, 2010
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of China’s growth have increased in recent decades. Long-term spillover effects, estimated through growth regressions based on panel data, are also significant and have extended in recent decades beyond Asia. The estimates are robust to the effects of global and regional shocks, changes in model specification, and sample period.
Series: Working Paper No. 10/165
Subject(s): Economic growth | China | Spillovers | Business cycles

Publication Date: July 01, 2010
ISBN/ISSN: 9781455201761 Format: Paper
Stock No: WPIEA2010165 Pages: 66
US$18.00 (Academic Rate:
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