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| Author | : Alan Roe |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 1989 |
| Genre | : Business & Economics |
| ISBN | : |
"This document is one of a series reporting on policy seminars organized by the Economic Development Institute of the World Bank" -- foreword.
| Author | : Qing Liu |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : |
| ISBN | : |
This paper quantifies the effects of China's trade reforms on the current account in its post-WTO period since 2001. We first present cross-country evidence to show that the adjustment of the current account to WTO access in China differs from those in other countries, exhibiting a hump-shaped pattern. We then document some institutional facts and firm-level evidence and argue that asymmetric trade reforms between exporting and importing sectors in China may help to explain the pattern. Motivated by these facts, we develop a two-country dynamic Melitz model and applied it to the Chinese economy. Our quantification exercise shows that the trade reform not only accounts for 47.6 percent of the accumulated trade surplus in 2001-2010 but also contributes to the hump-shaped dynamics of the trade balance and the real exchange rate. Finally, we apply this model to estimate the welfare loss of the U.S.-China trade war.
| Author | : J. Roy |
| Publisher | : |
| Total Pages | : 259 |
| Release | : 1988 |
| Genre | : |
| ISBN | : |
| Author | : United States. Congress. Joint Economic Committee. Subcommittee on Foreign Policy |
| Publisher | : |
| Total Pages | : 160 |
| Release | : 1970 |
| Genre | : United States |
| ISBN | : |
| Author | : Mr.Vivek B. Arora |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 1994-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451933819 |
This paper examines two important issues for a small high-inflation open economy with trade controls where the government implements an exchange-rate based stabilization program: first, the extent to which the degree of openness of the economy influences the probability of success of the program; and second, the conditions under which a trade reform, implemented in conjunction with the stabilization program, will increase the probability that stabilization will be successful. The paper shows that in an economy with high export and import price elasticities, structural reforms to increase openness can be important in determining the success of the program.
| Author | : Mr.Alberto Behar |
| Publisher | : International Monetary Fund |
| Total Pages | : 45 |
| Release | : 2016-09-08 |
| Genre | : Business & Economics |
| ISBN | : 1475535384 |
After the decline in oil prices, many oil exporters face the need to improve their external balances. Special characteristics of oil exporters make the exchange rate an ineffective instrument for this purpose and give fiscal policy a sizeable role. These conclusions are supported by regression analysis of the determinants of the current account balance and of the trade balance. The results show little or no relationship with the exchange rate and, especially for the less diversified oil exporters (including the Gulf Cooperation Council), a strong relationship with the fiscal balance or government spending.
| Author | : |
| Publisher | : World Bank Publications |
| Total Pages | : 45 |
| Release | : |
| Genre | : |
| ISBN | : 0928094731 |
| Author | : Vinod Thomas |
| Publisher | : World Bank Publications |
| Total Pages | : 258 |
| Release | : 1991 |
| Genre | : Business & Economics |
| ISBN | : 9780195208719 |
It was recognized by many developing countries in the 1980s that integration with the global economy is necessary for economic development and technological progress. Efforts to liberalize trade were controversial. A unique body of evidence on developing country trade liberalization will examine why outcomes have varied from one country to another. The political economy of trade liberalization and the interaction among trade and domestic reform, macro-economic stability, and export development is examined using: (a) cross-sectional data, (b) country studies, (c) and interviews. The sequencing of reforms and implications for multilateral trade negotiations, foreign direct investment, and regional integration schemes is an additional consideration. The emphasis is on practical problems-economic and political-and recommendations of how policies can be designed and implemented to yield stronger and more sustainable results.
| Author | : Mr.Alexander Culiuc |
| Publisher | : International Monetary Fund |
| Total Pages | : 51 |
| Release | : 2017-08-04 |
| Genre | : Business & Economics |
| ISBN | : 1484313739 |
Empirical research on structural reforms has focused primarily on their impact on growth and productivity. Yet an often-invoked rationale for structural reforms is their impact on external adjustment. This paper finds little evidence that structural reforms improve the current account in the short run, but they can increase the responsiveness and resilience of the economy to external shocks. In particular, elasticities of exports with respect to the real effective exchange rate increase with some structural indicators, suggesting that structural reforms facilitate the reallocation of resources to the tradable sector in response to a negative external shock. The paper concludes that structural reforms, while not having an immediate positive impact on the current account balance, can be an important complement to traditional macroeconomic adjustment.
| Author | : Jean-Marc Fontaine |
| Publisher | : Routledge |
| Total Pages | : 209 |
| Release | : 2005-07-27 |
| Genre | : Business & Economics |
| ISBN | : 1134907095 |
First published in 1992. Routledge is an imprint of Taylor & Francis, an informa company.
