China's Impacts on SSA Through the Lens of Growth and Exports

29 Pages Posted: 18 Jan 2018

See all articles by Yibin Mu

Yibin Mu

International Monetary Fund; Harvard University; World Bank

Chu Wang

International Monetary Fund (IMF)

Dong Frank Wu

International Monetary Fund (IMF)

Date Written: December 2017

Abstract

The analysis of China's impacts on the 44 SSA countries reveals that: (i) after joining the WTO in 2001, China has started to impact significantly on SSA growth: one-percent increase in China's GDP per capita leads to 0.02 percent increase on the SSA's GDP per capita; (ii) oil and investment-goods exporters benefit more from China's growth; (iii) compared to China's consumption, its investment growth acts as a more important channel in influencing SSA; (iv) exports to China, highly linked to China's growth, is an important indicator for SSA's exports. Our results call for SSA countries to be well prepared for China's rebalancing given its growing economic influence and to proactively search a sustainable way to continuously enhance productivity.

Keywords: Asia and Pacific, Development, Exports, Growth, China Economy, SSA, General, Macroeconomic Analyses of Economic Development

JEL Classification: F40, O11, O47

Suggested Citation

Mu, Yibin and Wang, Chu and Frank Wu, Dong, China's Impacts on SSA Through the Lens of Growth and Exports (December 2017). IMF Working Paper No. 17/288, Available at SSRN: https://ssrn.com/abstract=3104563

Yibin Mu (Contact Author)

International Monetary Fund ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Harvard University ( email )

Cambridge, MA 02138
United States

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Chu Wang

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Dong Frank Wu

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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