10.4225/03/59fabb068916d
Adams, Philip D.
Philip D.
Adams
Horridge, J. Mark
J. Mark
Horridge
Parmenter, Brian R.
Brian R.
Parmenter
Zhang, Xiao-Guang
Xiao-Guang
Zhang
Long-run Effects on China of APEC Trade Liberalisation
Monash University
2017
1998
1959.1/35449
monash:6809
2017-11-02 06:28:21
Journal contribution
https://bridges.monash.edu/articles/journal_contribution/Long-run_Effects_on_China_of_APEC_Trade_Liberalisation/5562367
Plans for APEC trade liberalisation include the elimination of all tariffs between member states. In this paper we use two computable general equilibrium models to examine the effects of these plans, focussing on China. Our modelling shows that liberalisation increases China's capital stock and real GDP. The implication for Chinese industries depend on the extent to which liberalisation exposes them to additional import competition. Industries strongly stimulated include Textiles and Communications Equipment. Transport Equipment is the most adversely affected. Chinese regional results follow from the industrial compositions of the regions, with Zhejiang the most favourably affected and Jilin the least.