China’s Economic Growth: International Spillovers
July 1, 2010
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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.
Subject: Direction of trade, Exports, Imports, Market exchange rates, Spillovers
Keywords: China, estimate, trade, WP
Pages:
23
Volume:
2010
DOI:
Issue:
165
Series:
Working Paper No. 2010/165
Stock No:
WPIEA2010165
ISBN:
9781455201761
ISSN:
1018-5941
