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The Global Impact of Chinese Growth

Ippei Fujiwara, Keisuke Otsu () and Masashi Saito
Additional contact information
Masashi Saito: Economist, Research and Statistics Department, Bank of Japan (E-mail: masashi.saitou@boj.or.jp)

No 08-E-22, IMES Discussion Paper Series from Institute for Monetary and Economic Studies, Bank of Japan

Abstract: Three decades have passed since China dramatically opened up to the global market and began to catch up rapidly with leading economies. In this paper we discuss the effects of China's opening-up and rapid growth on the welfare of both China and the rest of the world (ROW). We find that the opening-up per se is welfare improving for China but has had little impact on the ROW given a balanced trade constraint. The opening-up of China is beneficial to the ROW if it leads to significant productivity growth in China. Also, China's balanced trade policy after the opening-up has helped the ROW rather than China.

Keywords: Productivity; Terms of Trade; Growth; Open Economy (search for similar items in EconPapers)
JEL-codes: E13 F41 O47 (search for similar items in EconPapers)
Date: 2008-09
New Economics Papers: this item is included in nep-cna, nep-dev, nep-mac and nep-opm
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http://www.imes.boj.or.jp/research/papers/english/08-E-22.pdf (application/pdf)

Related works:
Working Paper: The global impact of Chinese growth (2013) Downloads
Working Paper: The Global Impact of Chinese Growth (2011) Downloads
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