05443oam 22012254 450 991078648320332120230801225326.01-4755-7471-11-4755-2223-1(CKB)2670000000278874(EBL)1606974(SSID)ssj0000943954(PQKBManifestationID)11503132(PQKBTitleCode)TC0000943954(PQKBWorkID)10977705(PQKB)11245677(MiAaPQ)EBC1606974(Au-PeEL)EBL1606974(CaPaEBR)ebr10627095(OCoLC)870245007(IMF)WPIEE2012221(IMF)WPIEA2012221(EXLCZ)99267000000027887420020129d2012 uf 0engur|n|---|||||txtccrThe Trade Impact of China on EMU : Is It Even Across Members? /Esther Perez Ruiz, Uffe MikkelsenWashington, D.C. :International Monetary Fund,2012.1 online resource (26 p.)IMF Working PapersDescription based upon print version of record.1-4755-5044-8 1-4755-1028-4 Includes bibliographical references.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 ExportB. 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; ReferencesThis 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.IMF Working Papers; Working Paper ;No. 2012/221International tradeExports and ImportsimfFinance: GeneralimfLaborimfNeoclassical Models of TradeimfEmpirical Studies of TradeimfSize and Spatial Distributions of Regional Economic ActivityimfInnovationimfResearch and DevelopmentimfTechnological ChangeimfIntellectual Property Rights: GeneralimfWages, Compensation, and Labor Costs: GeneralimfTrade: GeneralimfGeneral Financial Markets: General (includes Measurement and Data)imfInternational economicsimfTechnologyimfgeneral issuesimfLabourimfincome economicsimfFinanceimfWagesimfTrade deficitsimfExportsimfCompetitionimfInternational tradeimfFinancial marketsimfBalance of tradeimfEuropean Economic Community countriesCommerceChinaCommerceChina, People's Republic ofimfInternational trade.Exports and ImportsFinance: GeneralLaborNeoclassical Models of TradeEmpirical Studies of TradeSize and Spatial Distributions of Regional Economic ActivityInnovationResearch and DevelopmentTechnological ChangeIntellectual Property Rights: GeneralWages, Compensation, and Labor Costs: GeneralTrade: GeneralGeneral Financial Markets: General (includes Measurement and Data)International economicsTechnologygeneral issuesLabourincome economicsFinanceWagesTrade deficitsExportsCompetitionInternational tradeFinancial marketsBalance of tradePerez Ruiz Esther1449460Mikkelsen Uffe1578644DcWaIMFBOOK9910786483203321The Trade Impact of China on EMU3858219UNINA