Please use this identifier to cite or link to this item:
|dc.title||China as an economic powerhouse: Implications on its neighbors|
|dc.identifier.citation||Abeysinghe, 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.description.abstract||The 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.subject||Output multiplier effects|
|dc.subject||Structural VAR analysis|
|dc.description.sourcetitle||China Economic Review|
|Appears in Collections:||Staff Publications|
Show simple item record
Files in This Item:
There are no files associated with this item.
checked on Sep 21, 2019
WEB OF SCIENCETM
checked on Sep 13, 2019
checked on Sep 10, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.