China's Accession to the WTO: Timing is Everything
REVISED September 2000 Paper presented at the Conference on Global Economics Transformation after the Asian Economic Crisis, Hong Kong, May 27-28, 2000. Forthcoming in World Economy. Since China’s application in 1987 to resume its status in the Generalized Agreement on Trade and Tariffs (GATT)/World Trade Organization (WTO) there has been a great deal of debate over the timing of China’s accession. Although most of the issues relating to the timing of China’s trade liberalization have been resolved, the abolition of restrictions on Chinese textiles and clothing may still be subject to delay if the United States and Europe choose to implement the safeguards contained in the their bilateral accession agreements with China as well as in the original Agreement on Textiles and Clothing (ATC). In this paper, the effects of alternative target dates for the elimination of restrictions on textiles quotas are examined. Since this issue revolves fundamentally around the question of timing, it is most appropriately addressed in a dynamic model. In this study we use the Dynamic GTAP Model. This is applied to a 19-region by 22-commodity aggregation of the GTAP Data Base, supplemented with foreign income data. The paper finds that timing is indeed an important determinant of the profile of structural adjustment required in China and the rest of the world. In light of their interest in delayed implementation the ATC, it is interesting to note that our results suggest slower elimination of these quotas is detrimental to national welfare in North America and Europe.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 24 (2001)
Issue (Month): 8 (September)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0378-5920|
When requesting a correction, please mention this item's handle: RePEc:bla:worlde:v:24:y:2001:i:8:p:1019-1049. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.