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Author: Minsoo Lee Publisher: ISBN: Category : Languages : en Pages : 25
Book Description
Developing Asia has benefited greatly from the rise of the People's Republic of China (PRC), primarily through the trade channel. The PRC and its neighbors have collectively formed a regional production network, and the PRC is becoming an increasingly important source of final demand. Two empirical methodologies are used to examine the likely economic impact of growth deceleration in the PRC on other Asian economies: (i) a single-equation approach that captures the trade channel and (ii) a global vector autoregressive model that captures the effects beyond just the trade channel. The results of both analyses confirm that deceleration in the PRC will indeed have a non-negligible negative effect on other economies, especially on East and Southeast Asia. An out-of-sample analysis to tease out the effect of slower growth in the PRC from the recent growth performance of selected Southeast Asian economies suggests that the PRC effect is contributing to the growth dynamics of this region but is not always dominant.
Author: Minsoo Lee Publisher: ISBN: Category : Languages : en Pages : 25
Book Description
Developing Asia has benefited greatly from the rise of the People's Republic of China (PRC), primarily through the trade channel. The PRC and its neighbors have collectively formed a regional production network, and the PRC is becoming an increasingly important source of final demand. Two empirical methodologies are used to examine the likely economic impact of growth deceleration in the PRC on other Asian economies: (i) a single-equation approach that captures the trade channel and (ii) a global vector autoregressive model that captures the effects beyond just the trade channel. The results of both analyses confirm that deceleration in the PRC will indeed have a non-negligible negative effect on other economies, especially on East and Southeast Asia. An out-of-sample analysis to tease out the effect of slower growth in the PRC from the recent growth performance of selected Southeast Asian economies suggests that the PRC effect is contributing to the growth dynamics of this region but is not always dominant.
Author: Minsoo Lee Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Developing Asia has benefited greatly from the rise of the People's Republic of China (PRC), primarily through the trade channel. The PRC and its neighbours have collectively formed a regional production network, and the PRC is becoming an increasingly important source of final demand. Two empirical techniques are used to examine the likely economic impact of growth deceleration in the PRC on other Asian economies: (1) a single-equation approach that captures the trade channel; and (2) a global vector autoregressive model that captures the effects beyond the trade channel. The results of both analyses confirm that deceleration in the PRC will have a non-negligible negative effect on other economies, especially on East and Southeast Asian economies. An out-of-sample analysis to tease out the effects of slower growth in the PRC from the recent growth performance of selected Southeast Asian economies suggests that the PRC effect is contributing to the growth dynamics of this region but is not always dominant.
Author: Fan Zhai Publisher: ISBN: Category : Languages : en Pages : 24
Book Description
As an important global and regional economic power, the PRC's growth slowdown may cause large spillover effects to its neighboring economies. Using a multi-sectoral global computable general equilibrium model, this paper quantitatively investigates the impacts of a growth slowdown in the PRC for emerging Asian economies through trade linkages. The results suggest that a growth slowdown of 1.6 percentage points in the PRC would bring about a growth deceleration of 0.26 percentage points in developing Asia as a whole. However, the impacts vary dramatically by economy within developing Asia, reflecting their difference in economic and trade structure.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292577026 Category : Business & Economics Languages : en Pages : 48
Book Description
The People's Republic of China (PRC) is currently undergoing a number of structural and cyclical changes, which have wide-ranging implications for economic activity in the PRC, the rest of developing Asia, and the world. This report assesses the effects of these changes on the rest of the region and the world, looking closely at various channels of transmission including commodity prices, trade, and production. The continued moderation of growth in the PRC could knock off a third of a percentage point a year in growth for the rest of developing Asia over the next 2 years. Changes in PRC economic activity significantly affect commodity prices, but the estimated impact varies by commodity. This report discusses how developing Asia's policy-makers can respond to the challenges and opportunities presented by these changes.
Author: Chong-en Bai Publisher: Routledge ISBN: 1351621742 Category : Business & Economics Languages : en Pages : 111
Book Description
After impressive growth of about 10% per annum for three decades, China's visible signs of economic slowdown since 2008 have been subject to much contention. What causes the deceleration? What should we expect in an era of China's 6% growth? This book answers these questions in three parts. Although it is widely accepted that China can hardly continue its high-speed growth model, estimations for its future growth potential differ greatly. The first part of this book predicts China's growth to 2050, which considers both cross-country historical experiences and China's own demographic structure and employment participation features. In the second part, the book offers a comprehensive estimation of China's national and provincial total factor productivity (TFP) over the period of 1978 to 2014 based on comparable data. It then analyzes the causes of China's economic slowdown from a productivity point of view. Finally, this book correspondingly outlines policy recommendations, including supply-side structural reform and macroeconomic policy frameworks, to effectively address the issue of decline in both labor and labor productivity growth. This book will attract scholars and students of economics and China's economic studies.
Author: Joseph Pelzman Publisher: World Scientific Publishing Company Incorporated ISBN: 9789814603348 Category : Business & Economics Languages : en Pages : 388
Book Description
When the People's Republic of China (PRC) was granted Most Favored Nation (MFN) status by the United States in 1979, no one imagined the massive transformation the Chinese economy would make within a few decades. China's remarkable transition from merely being a "world factory," to the source of the world's new R&D and product design and innovation since the 1980s is the key focus of Spillover Effects of China Going Global. In this insightful and unique book, Joseph Pelzman shows how the second largest world economy triggered off many spillover effects beyond mass-labour production of durable and non-durable goods -- such as the provision of foreign aid to African, Latin American and Asian economies, and increasing focus on internal endogenous innovation, research and development. He provides a comprehensive look at these spillover effects and analyzes how they will undoubtedly bring positive opportunities for others within the rest of the world in the 21st Century.
Author: William H. Overholt Publisher: Cambridge University Press ISBN: 1108386180 Category : Political Science Languages : en Pages : 305
Book Description
China's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.
Author: Klaus Gerhaeusser Publisher: Asian Development Bank ISBN: 9290920688 Category : Business & Economics Languages : en Pages : 577
Book Description
The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.
Author: Hyun-Hoon Lee Publisher: ISBN: Category : Languages : en Pages : 38
Book Description
The Chinese economy is slowing down and, at the same time, it is in the midst of a structural transformation from an export- and investment-led economy to a domestic demand- and consumption-led growth paradigm. While there are widespread concerns in the People's Republic of China's (PRC) trading partners about the effect of the PRC's growth slowdown on their exports, the PRC's structural change is also likely to have a significant impact -- e.g. the PRC will import fewer machines and more cosmetics. The central objective of our paper is to empirically examine the effect of the PRC's structural transformation on the exports of East and Southeast Asian economies, which have close trade linkages with the PRC. We find that economies which failed to increase the share of consumption goods in their exports to the PRC suffered larger declines in their exports to the PRC. In addition, economies that suffered losses in their shares of the PRC's parts and components imports suffered losses in their shares of the PRC's total imports.
Author: Minsoo Lee
Author: Minsoo Lee
Author: Justin Yifu Lin
Author: Minsoo Lee
Author: Fan Zhai
Author: Asian Development Bank
Author: Chong-en Bai
Author: Joseph Pelzman
Author: William H. Overholt
Author: Klaus Gerhaeusser
Author: Hyun-Hoon Lee