GTAP Resources: Resource Display
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"MANAGING TRADE POLICY REFORM AND THE REFORM OF THE CURRENT ACCOUNT SURPLUS: THE CASE OF CHINA" by Evans, H. David and Sherman Robinson Abstract The GLOBE regional CGE model is designed to assist in the analysis of economy wide and global issues. In this paper, we analyse in a standard way the unilateral and multilateral trade policy liberalisation for China, unilateral liberalisation in China of ad valorem equivalents of non-tariff barrier (aveNTBs), and the impact of on these reforms of a simultaneous lowering of China’s current account surplus. The latter is imposed exogenously as a part of a hypothesised package of exogenous macro economic reforms. The organisation of this paper is as follows: Section 2.1 describes the GLOBE CGE model. In section 2.2 describes how a set of hypothesised exogenous macro economic reforms impact on the current account balance and real exchange rates in the model. The regions, sectors and factors specified in the model are described in section 2.3 and some structural characteristics of the global economy and China’s place therein are described in section 2.4. In section 3, three sets of scenarios are developed - baseline, current account surplus reform, trade policy reform are described together with their interaction,. Section 4 discusses some key aspects of the macro and sector results from the 9 experiments reported. Some concluding remarks are made in the final section. |
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Public Access  2008 Conference Paper (134.0 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
