ECONOMIC BENEFITS OF GLOBALIZATION: THE IMPACT OF ENTRY TO THE WTO ON CHINA'S GROWTH

A panel data method is used to evaluate the impact of China's accession to the WTO. Time‐series data for China, Australia, Austria, Canada, Denmark, Finland, France, Germany, the UK, Hong Kong, Singapore, Korea, Japan, the Philippines, Indonesia, Malaysia, Thailand, the USA and Taiwan are used...

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Bibliographic Details
Published inPacific economic review (Oxford, England) Vol. 16; no. 3; pp. 285 - 301
Main Authors CHING, H. STEVE, HSIAO, CHENG, WAN, SHUI KI, WANG, TONGSAN
Format Journal Article
LanguageEnglish
Published Melbourne, Australia Blackwell Publishing Asia 01.08.2011
Blackwell Publishing Ltd
Subjects
Alliances
Economic growth
Economic theory
Global economy
Globalization
International trade
Manycountries
Studies
Time series
Trade relations
China
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Summary:A panel data method is used to evaluate the impact of China's accession to the WTO. Time‐series data for China, Australia, Austria, Canada, Denmark, Finland, France, Germany, the UK, Hong Kong, Singapore, Korea, Japan, the Philippines, Indonesia, Malaysia, Thailand, the USA and Taiwan are used to construct the growth path that what would have been followed had there been no entry by China to the WTO. We find that from 2002 to 2007, accession to the WTO raised China's real economic growth rate by 2.4%, its export growth rate by 13.2% and its import growth rate by 18.89% a year.
Bibliography:istex:C57293B506AE4BAC8A553BAA1098FEA121358FFC
ArticleID:PAER548
ark:/67375/WNG-2XKRTR50-Z
ISSN:1361-374X
1468-0106
DOI:10.1111/j.1468-0106.2011.00548.x