05702oam 22013454 450 991114364840332120251117092704.09781475574715147557471197814755222351475522231(CKB)2670000000278874(EBL)1606974(SSID)ssj0000943954(PQKBManifestationID)11503132(PQKBTitleCode)TC0000943954(PQKBWorkID)10977705(PQKB)11245677(Au-PeEL)EBL1606974(CaPaEBR)ebr10627095(OCoLC)870245007(IMF)WPIEE2012221(IMF)WPIEA2012221(MiAaPQ)EBC1606974WPIEA2012221(EXLCZ)99267000000027887420020129d2012 uf 0engur|n|---|||||txtccrThe Trade Impact of China on EMU : Is It Even Across Members? /Esther Perez Ruiz, Uffe Mikkelsen1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (26 p.)IMF Working PapersDescription based upon print version of record.9781475550443 1475550448 9781475510287 1475510284 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 tradeBalance of tradeimfCompetitionimfEmpirical Studies of TradeimfExports and ImportsimfExportsimfFinanceimfFinance: GeneralimfFinancial marketsimfGeneral Financial Markets: General (includes Measurement and Data)imfGeneral issuesimfIncome economicsimfInnovationimfIntellectual Property Rights: GeneralimfInternational economicsimfInternational tradeimfLaborimfLabourimfNeoclassical Models of TradeimfResearch and DevelopmentimfSize and Spatial Distributions of Regional Economic ActivityimfTechnological ChangeimfTechnologyimfTrade deficitsimfTrade: GeneralimfWagesimfWages, Compensation, and Labor Costs: Generalimfgeneral issuesimfincome economicsimfEuropean Economic Community countriesCommerceChinaCommerceChina, People's Republic ofimfInternational trade.Balance of tradeCompetitionEmpirical Studies of TradeExports and ImportsExportsFinanceFinance: GeneralFinancial marketsGeneral Financial Markets: General (includes Measurement and Data)General issuesIncome economicsInnovationIntellectual Property Rights: GeneralInternational economicsInternational tradeLaborLabourNeoclassical Models of TradeResearch and DevelopmentSize and Spatial Distributions of Regional Economic ActivityTechnological ChangeTechnologyTrade deficitsTrade: GeneralWagesWages, Compensation, and Labor Costs: Generalgeneral issuesincome economics332.1/52Pérez Esther(Pérez-Ruiz)Mikkelsen UffeDcWaIMFBOOK9911143648403321UNINA