Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model
IMF Working Papers, November 15, 2016
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- Quantifying the Spillovers from China Rebalancing Using a Multi-Sector Ricardian Trade Model
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Bibliographic details
- Authors: Rui Mano
- Published: November 15, 2016
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475553741.001
Summary and Main Findings
- The paper assesses spillovers from different facets of China rebalancing using a calibrated Ricardian trade model that includes 41 economies, each consisting of 34 sectors.
- China’s move up the value chain has the potential for significant spillovers:
- Adverse effects on industrialized economies heavily involved in the Asia value chain.
- Positive spillovers to lower and middle income countries.
- The model’s strength is its endogenous capture of production value chains and international trade of goods across sectors.
Model, Scope, and Methodology
- Model type: Calibrated Ricardian trade model.
- Geographic and sectoral coverage:
- 41 economies.
- 34 sectors per economy.
- Analytical focus: Production value chains and international trade of goods across sectors to quantify spillovers from China rebalancing.
Subjects and Keywords
- Subjects: Consumption, Exports, Financial sector policy and analysis, Income, International trade, National accounts, Production, Productivity, Spillovers
- Keywords: Asia and Pacific, China rebalancing, Consumption, export growth pattern, export share, Exports, exports contract, goods trade channel, Income, production value chains, Productivity, sectoral trade, Spillovers, trade channel, trade model, value chain, WP
IMF Working Paper by Rui Mano, Working Paper No. 2016/219 (November 15, 2016).
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- Quantifying the Spillovers from China rebalancing using a multi-sector Ricardian trade model