Regional and National Perspectives of China's Integration into the WTO: A CGE Inquiry with Emphasis on the Agricultural Sector
Xinshen Diao,
Agapi Somwaru and
Francis Tuan
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Xinshen Diao: International Food Policy Research Institute,Washington, DC, USA
Francis Tuan: Economic Research Service, U.S. Agricultural Department, Washington, DC, USA
Chapter 13 in Computable General Equilibrium Approaches in Urban and Regional Policy Studies, 2006, pp 269-295 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
AbstractChina's integration in the World Trade Organization (WTO) is already on its fast track. Understanding the complexity of China's dynamic adjustment resulting from its membership in the WTO and the differential regional impacts within China is very important and poses a crucial challenge in evaluating its impacts. In this study, we make an attempt to incorporate seven regional commodity-detailed models into a dis-aggregated multi-sector and multi-region China Computable General Equilibrium (CGE) framework. This framework has allowed us to evaluate the impacts of China's integration into theWTO at both national and regional levels and analyze the interlinkages between China's provincial agricultural markets. Using the framework and assumptions about factor mobility, we assess the impacts on China's agricultural and non-agricultural sectors (regionally and nationally) by reduction of its trade policy distortions, such as tariffs rate changes and quantitative restrictions. We also evaluate the structural changes on China's national and regional production and trade as China implements its commitments and moves into the WTO.
Keywords: Computable General Equilibrium (CGE) Model; Social Accounting Matrix (SAM); Urban and Regional Policies (or Urban and Regional Policy Evaluation); Each Industry's Market Clearance; Structural and Long-Term Policy Impacts (search for similar items in EconPapers)
JEL-codes: E5 E6 (search for similar items in EconPapers)
Date: 2006
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