Department of Economics
Economic benefits of globalization: The impact of entry to the WTO on China's growth
A panel data method is used to evaluate the impact of China's accession to the WTO. Time-series data for China, Australia, Austria, Canada, Denmark, Finland, France, Germany, the UK, Hong Kong, Singapore, Korea, Japan, the Philippines, Indonesia, Malaysia, Thailand, the USA and Taiwan are used to construct the growth path that what would have been followed had there been no entry by China to the WTO. We find that from 2002 to 2007, accession to the WTO raised China's real economic growth rate by 2.4%, its export growth rate by 13.2% and its import growth rate by 18.89% a year. © 2011 The Authors. Pacific Economic Review © 2011 Blackwell Publishing Asia Pty Ltd.
Source Publication Title
Pacific Economic Review
Ching, H. Steve, Cheng Hsiao, Shui Ki Wan, and Tongsan Wang. "Economic benefits of globalization: The impact of entry to the WTO on China's growth." Pacific Economic Review 16.3 (2011): 285-301.