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China’s Economic Growth: International Spillovers

Author/Editor: Athanasios Vamvakidis | Vivek B. Arora
Authorized for Distribution: July 1, 2010
Electronic Access: Free Full Text (PDF file size is 1,047KB)
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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.
 
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Series: Working Paper No. 10/165
Subject(s): Economic growth | China | Spillovers | Business cycles
 
English  
    Published:   July 1, 2010        
    ISBN/ISSN:   9781455201761   Format:   Paper
    Stock No:   WPIEA2010165   Pages:   66
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.