Economic Benefits of Globalization: The Impact of Entry to the WTO on China'S Growth

17 Pages Posted: 6 Aug 2011

See all articles by H. Steve Ching

H. Steve Ching

affiliation not provided to SSRN

Cheng Hsiao

University of Southern California - Department of Economics; National Taiwan University; National Bureau of Economic Research (NBER)

Shui Ki Wan

Hong Kong Baptist University (HKBU)

Tongsan Wang

Chinese Academy of Social Sciences (CASS)

Date Written: August 2011

Abstract

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.

Suggested Citation

Ching, H. Steve and Hsiao, Cheng and Wan, Shui Ki and Wang, Tongsan, Economic Benefits of Globalization: The Impact of Entry to the WTO on China'S Growth (August 2011). Pacific Economic Review, Vol. 16, Issue 3, pp. 285-301, 2011, Available at SSRN: https://ssrn.com/abstract=1905848 or http://dx.doi.org/10.1111/j.1468-0106.2011.00548.x

H. Steve Ching

affiliation not provided to SSRN

Cheng Hsiao (Contact Author)

University of Southern California - Department of Economics ( email )

3620 South Vermont Ave. Kaprielian (KAP) Hall, 300
Los Angeles, CA 90089
United States

National Taiwan University

1 Sec. 4, Roosevelt Road
Taipei, 106
Taiwan

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Shui Ki Wan

Hong Kong Baptist University (HKBU)

Department of Economics
Kowloon, Hong Kong
Hong Kong

Tongsan Wang

Chinese Academy of Social Sciences (CASS) ( email )

Beijing, 100732
China

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