1.

Record Nr.

UNINA9910786483203321

Autore

Perez Ruiz Esther

Titolo

The Trade Impact of China on EMU : : Is It Even Across Members? / / Esther Perez Ruiz, Uffe Mikkelsen

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

1-4755-7471-1

1-4755-2223-1

Descrizione fisica

1 online resource (26 p.)

Collana

IMF Working Papers

Altri autori (Persone)

MikkelsenUffe

Soggetti

International trade

Exports and Imports

Finance: General

Labor

Neoclassical Models of Trade

Empirical Studies of Trade

Size and Spatial Distributions of Regional Economic Activity

Innovation

Research and Development

Technological Change

Intellectual Property Rights: General

Wages, Compensation, and Labor Costs: General

Trade: General

General Financial Markets: General (includes Measurement and Data)

International economics

Technology

general issues

Labour

income economics

Finance

Wages

Trade deficits

Exports

Competition

Financial markets

Balance of trade

European Economic Community countries Commerce

China Commerce

China, People's Republic of



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Contents; I. Introduction; II. Trade and Sectoral Specialization: China and the Euro Area; Figures; 1. China's Exports to the Euro Area; 2. Sectoral Specialization in Ten Euro Area Countries, 2000 and 2007; III. A Ricardian-Gravity Trade Model; 3. Density Function for Technology; 4. Production Structure with 2 Countries and 2 Sectors; IV. Estimating Relative Competitiveness; 5a. Competitiveness in Nine Euro Area Countries and China (I); 5b. Competitiveness in Nine Euro Area Countries and China (II); V. Illustrative Scenarios; A. General Equilibrium; 6. Barriers to Export

B. The Impact of Trade Shocks on Euro Area Countries: Some Illustrative Scenarios7a. Adjustment to a Productivity Shock in Chinese Textiles; 7b. Adjustment to a Productivity Shock in Chinese Machinery; VI. Conclusion; 8. Adjustment via Higher Trade Deficits; Appendix: Sample and Data; Table; Table A1: Sectors; References

Sommario/riassunto

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 heterogenous 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.