China’s Economic Growth : International Spillovers

Author/Editor:

Athanasios Vamvakidis ; Vivek B. Arora

Publication Date:

July 1, 2010

Electronic Access:

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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:

English

Publication Date:

July 1, 2010

ISBN/ISSN:

9781455201761/1018-5941

Stock No:

WPIEA2010165

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

23

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