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In China's Wake: Has Asia Gained From China's Growth?

Peter Robertson () and Jessica Xu
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Jessica Xu: Australian Government, The Treasury

No 10-15, Economics Discussion / Working Papers from The University of Western Australia, Department of Economics

Abstract: China’s growth has been rapid but the value of China's international trade has grown even faster. This trade-biased growth is bringing both challenges and opportunities for Asian economies that are highly integrated with Chinese trade networks. Moreover in ASEAN countries such as Indonesia and Malaysia, China’s success has been seen as a threat to its existing trade and manufacturing base. We use an historical simulation analysis to examine the impacts of China’s growth on Asian economies. We find that a decade of China’s growth has raised GDP per capita in the developed Asian economies by around 16%. The effect on the ASEAN-4 economies is not as strong but still large, the GDP of the ASEAN-4 economies increased by approximately 7%. The main source of these gains is found to be lower durable goods import costs which induce accumulation of machinery and equipment capital.

Keywords: Economic Growth; China; Trade Costs (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010
New Economics Papers: this item is included in nep-cwa, nep-dev, nep-fdg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
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