Please use this identifier to cite or link to this item: https://doi.org/10.1016/S1043-951X(03)00017-8
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dc.titleChina as an economic powerhouse: Implications on its neighbors
dc.contributor.authorAbeysinghe, T.
dc.contributor.authorLu, D.
dc.date.accessioned2011-02-24T06:55:53Z
dc.date.available2011-02-24T06:55:53Z
dc.date.issued2003
dc.identifier.citationAbeysinghe, T., Lu, D. (2003). China as an economic powerhouse: Implications on its neighbors. China Economic Review 14 (2) : 164-185. ScholarBank@NUS Repository. https://doi.org/10.1016/S1043-951X(03)00017-8
dc.identifier.issn1043951X
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/20035
dc.description.abstractThe rise of China as an economic powerhouse has caused concerns in its neighbors. Prevailing in the region is the fear that China is becoming a gigantic "regional factory" that will "hollow out" neighboring economies' industries. In this paper, we emphasize the economic benefits that a rising Chinese economy can bring into the region. A discussion on the country's growth strategy suggests that China has recently started shifting from an export-oriented economy to a more domestic-demand-driven one. Such a shift, in the backdrop of China's entry into the World Trade Organization, is opening up the country's huge domestic market for imports, thus providing great opportunities for the regional economies. A custom-made structural VAR analysis based on trade-links in the region provides empirical evidence that China had quickly emerged as a growth engine in the region even before China joined the WTO and made a full transformation of its growth model.©2003 Elsevier Inc. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/S1043-951X(03)00017-8
dc.sourceScopus
dc.subjectExport-driven economy
dc.subjectInternal-demand-driven economy
dc.subjectOutput multiplier effects
dc.subjectStructural VAR analysis
dc.subjectTrade links
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/S1043-951X(03)00017-8
dc.description.sourcetitleChina Economic Review
dc.description.volume14
dc.description.issue2
dc.description.page164-185
dc.identifier.isiut000185401800004
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