The trade impact of China on EMU : is it even across members? /

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Bibliographic Details
Author / Creator:	Mikkelsen, Uffe.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (25 pages)
Language:	English
Series:	IMF working paper ; WP/221 IMF working paper ; WP/12/221.
Subject:	Commerce -- Econometric models. China -- Commerce -- European Union countries -- Econometric models. European Union countries -- Commerce -- China -- Econometric models. China. European Union countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11142501

Hidden Bibliographic Details
Other authors / contributors:	Pérez, Esther (Pérez-Ruiz) International Monetary Fund. European Department.
ISBN:	9781475510287 1475510284 9781475522235 1475522231
Digital file characteristics:	data file
Notes:	Title from PDF title page (IMF Web site, viewed September 7, 2012). "European Department." "September 2012." Includes bibliographical references.
Summary:	This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required adjustment in wages, prices, and factor re-allocation is widely heterogeneous across euro area countries on accounts of their different specialization patterns. This raises the question of the distribution of gains and losses from external trade shocks.

Table of Contents:

Cover; Contents; I. Introduction; II. Trade and Sectoral Specialization: China and the Euro Area; III. A Ricardian-Gravity Trade Model; IV. Estimating Relative Competitiveness; V. Illustrative Scenarios; A. General Equilibrium; B. The Impact of Trade Shocks on Euro Area Countries: Some Illustrative Scenarios; VI. Conclusion; Appendix: Sample and Data; References; Figures; 1. China's Exports to the Euro Area; 2. Sectoral Specialization in Ten Euro Area Countries, 2000 and 2007; 3. Density Function for Technology; 4. Production Structure with 2 Countries and 2 Sectors.
5a. Competitiveness in Nine Euro Area Countries and China (I)5b. Competitiveness in Nine Euro Area Countries and China (II); 6. Barriers to Export; 7a. Adjustment to a Productivity Shock in Chinese Textiles; 7b. Adjustment to a Productivity Shock in Chinese Machinery; 8. Adjustment via Higher Trade Deficits; Table; Table A1: Sectors.

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