scholarly journals The Global Welfare Impact of China: Trade Integration and Technological Change

Author(s):  
Julian di Giovanni ◽  
Andrei A. Levchenko ◽  
Jing Zhang

2014 ◽  
Vol 6 (3) ◽  
pp. 153-183 ◽  
Author(s):  
Julian di Giovanni ◽  
Andrei A. Levchenko ◽  
Jing Zhang

This paper evaluates the global welfare impact of China's trade integration and technological change in a multi-country quantitative Ricardian-Heckscher-Ohlin model. We simulate two alternative growth scenarios: a “balanced” one in which China's productivity grows at the same rate in each sector, and an “unbalanced” one in which China's comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson 2004), the large majority of countries experience significantly larger welfare gains when China's productivity growth is biased toward its comparative disadvantage sectors. This finding is driven by the inherently multilateral nature of world trade. (JEL F14, F43, 019, 033, 047, P24, P33)



2012 ◽  
Author(s):  
Julian di Giovanni ◽  
Andrei A. Levchenko ◽  
Jing Zhang


2012 ◽  
Vol 12 (79) ◽  
pp. 1 ◽  
Author(s):  
Julian di Giovanni ◽  
Jing Zhang ◽  
Andrei A. Levchenko ◽  
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2017 ◽  
Vol 53 (1) ◽  
pp. 49-58
Author(s):  
Imran Ahmad ◽  
Mohd Hussain Kunroo ◽  
Irfan Ahmad Sofi

The present study discusses the short- and long-run trade patterns of India and China. Applying revealed comparative advantage (RCA) and bilateral RCA, this study specifically tries to find out the pattern of exports and areas of specialization of the economies under study. Major findings suggest that both the countries have been performing well, in terms of merchandise trade exports, over the past few decades, especially since 2000. The export-performing behaviour of India and China with each other, as well as with the world, is seen quite general in nature. In other words, irrespective of their institutional and structural differences, both India and China maintain almost the same upward moving trend with respect to the flow of exports between them and that with the world market. However, once we go from Standard International Trade Classification (SITC) two-digit to SITC four-digit level of analysis, the sample economies reveal their specialized products. At the disaggregate level, India’s export basket is void of food products and raw materials, and it generally contains engineering goods and technologically driven products as advantageous products. The study finds that the areas of specialization are much wider, and the technology-embedded products are larger for China as compared to India. JEL: F10, F11, F43



2020 ◽  
Vol 34 (3) ◽  
pp. 237-261 ◽  
Author(s):  
Josh Lerner ◽  
Ramana Nanda

Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture capital financing also has real limitations in its ability to advance substantial technological change. Three issues are particularly concerning to us: 1) the very narrow band of technological innovations that fit the requirements of institutional venture capital investors; 2) the relatively small number of venture capital investors who hold and shape the direction of a substantial fraction of capital that is deployed into financing radical technological change; and 3) the relaxation in recent years of the intense emphasis on corporate governance by venture capital firms. While our ability to assess the social welfare impact of venture capital remains nascent, we hope that this article will stimulate discussion of and research into these questions.











1967 ◽  
Vol 46 (5) ◽  
pp. 326 ◽  
Author(s):  
W. Douglas Seymour
Keyword(s):  


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