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Spillover Effects Of China Going Global

2016-08-18 Business & Economics
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Release : 2016-08-18
Genre : Business & Economics
Kind : eBook
Book Rating : 368/5 ( reviews)

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Book Synopsis Spillover Effects Of China Going Global by : Joseph Pelzman

Download or read book Spillover Effects Of China Going Global written by Joseph Pelzman. This book was released on 2016-08-18. Available in PDF, EPUB and Kindle. Book excerpt: When the People's Republic of China (PRC) was granted Most Favored Nation (MFN) status by the United States in 1979, no one imagined the massive transformation the Chinese economy would make within a few decades. China's remarkable transition from merely being a “world factory”, to the source of the world's new R&D and product design and innovation since the 1980s is the key focus of Spillover Effects of China Going Global. In this insightful and unique book, Joseph Pelzman shows how the second largest world economy triggered off many spillover effects beyond mass-labour production of durable and non-durable goods — such as the provision of foreign aid to African, Latin American and Asian economies, and increasing focus on internal endogenous innovation, research and development. He provides a comprehensive look at these spillover effects and analyzes how they will undoubtedly bring positive opportunities for others within the rest of the world in the 21st Century.

China Spillovers

2016-11-23 Business & Economics
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Release : 2016-11-23
Genre : Business & Economics
Kind : eBook
Book Rating : 756/5 ( reviews)

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Book Synopsis China Spillovers by : Davide Furceri

Download or read book China Spillovers written by Davide Furceri. This book was released on 2016-11-23. Available in PDF, EPUB and Kindle. Book excerpt: Until recently, China has been the leading contributor to global economic growth and—since the recent global financial crisis—a stabilizing driver of its evolution. However, as China recently began to rebalance its economy away from investment and exports and toward consumption, its GDP growth slowed significantly—partly reversing the country’s contribution to global output and trade growth—and is expected to continue to decline gradually over the medium term. There is little consensus regarding the consequences of a China’s growth slowdown for the rest of the world, with some arguing that a significant slowdown in China may have large implications and possibly lead to a worldwide recession if the “rebalancing” process is not well managed, and others suggesting that even a significant slowdown in China is unlikely to have large global effects, as its role in the world economy is still limited This note contributes to the ongoing debate by analyzing how growth shocks in China affect particular regions and country groups and how the impact and key transmission channels of these growth shocks have increased over time. It finds that historically, the average impact of growth shocks in China on global output has been statistically significant but limited, but since the early 2000s, the magnitude of spillovers has significantly increased. Trade linkages remain the main transmission channels, with larger effects for net commodity exporters and countries mostly exporting manufacturing goods. Also, spillover effects tend to be larger during periods of high global uncertainty and have been positively associated with an increase in the share of industry in total value in China, which suggests an important role of the “rebalancing” process.

China’s Economic Growth

2010-07-01 Business & Economics
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Release : 2010-07-01
Genre : Business & Economics
Kind : eBook
Book Rating : 766/5 ( reviews)

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Book Synopsis China’s Economic Growth by : Mr.Athanasios Vamvakidis

Download or read book China’s Economic Growth written by Mr.Athanasios Vamvakidis. This book was released on 2010-07-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of China’s growth have increased in recent decades. Long-term spillover effects, estimated through growth regressions based on panel data, are also significant and have extended in recent decades beyond Asia. The estimates are robust to the effects of global and regional shocks, changes in model specification, and sample period.

Investment-Led Growth in China

2012-11-06 Business & Economics
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Release : 2012-11-06
Genre : Business & Economics
Kind : eBook
Book Rating : 057/5 ( reviews)

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Book Synopsis Investment-Led Growth in China by : Mr.Ashvin Ahuja

Download or read book Investment-Led Growth in China written by Mr.Ashvin Ahuja. This book was released on 2012-11-06. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, China’s growth model has become more reliant on investment and its footprint in global imports has widened substantially. Several economies within China’s supply chain are increasingly exposed to its investment-led growth and face growing risks from a deceleration in investment in China. This note quantifies potential global spillovers from an investment slowdown in China. It finds that a one percentage point slowdown in investment in China is associated with a reduction of global growth of just under one-tenth of a percentage point. The impact is about five times larger than in 2002. Regional supply chain economies and commodity exporters with relatively less diversified economies are most vulnerable to an investment slowdown in China. The spillover effects also register strongly across a range of macroeconomic, trade, and financial variables among G20 trading partners.

The Spillover Effects of a Downturn in China’s Real Estate Investment

2012-11-05 Business & Economics
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Release : 2012-11-05
Genre : Business & Economics
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Book Rating : 008/5 ( reviews)

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Book Synopsis The Spillover Effects of a Downturn in China’s Real Estate Investment by : Mr.Ashvin Ahuja

Download or read book The Spillover Effects of a Downturn in China’s Real Estate Investment written by Mr.Ashvin Ahuja. This book was released on 2012-11-05. Available in PDF, EPUB and Kindle. Book excerpt: Real estate investment accounts for a quarter of total fixed asset investment (FAI) in China. The real estate sector’s extensive industrial and financial linkages make it a special type of economic activity, especially where the credit creation process relies primarily on collateral, like in China. As a result, the impact on economic activity of a collapse in real estate investment in China—though a low-probability event—would be sizable, with large spillovers to a number of China’s trading partners. Using a two-region factor-augmented vector autoregression model that allows for interaction between China and the rest of the G20 economies, we find that a 1-percent decline in China’s real estate investment would shave about 0.1 percent off China’s real GDP within the first year, with negative spillover impacts to China’s G20 trading partners that would cause global output to decline by roughly 0.05 percent from baseline. Japan, Korea, and Germany would be among the hardest hit. In that event, commodity prices, especially metal prices, could fall by as much as 0.8–2.2 percent below baseline one year after the shock.

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