Impact of the People’s Republic of China’s Growth Slowdown on Emerging Asia: A General Equilibrium Analysis
Zhai, Fan; Morgan, Peter | March 2016
Abstract
As an important global and regional economic power, the PRC’s growth slowdown may cause large spillover effects to its neighboring economies. Using a multi-sectoral global computable general equilibrium model, this paper quantitatively investigates the impacts of a growth slowdown in the PRC for emerging Asian economies through trade linkages. The results suggest that a growth slowdown of 1.6 percentage points in the PRC would bring about a growth deceleration of 0.26 percentage points in developing Asia as a whole. However, the impacts vary dramatically by economy within developing Asia, reflecting their difference in economic and trade structure.
Citation
Zhai, Fan; Morgan, Peter. 2016. Impact of the People’s Republic of China’s Growth Slowdown on Emerging Asia: A General Equilibrium Analysis. © Asian Development Bank Institute. http://hdl.handle.net/11540/9756.Keywords
Free Trade
Trade Facilitation
Trade
Economic integration
Regional Economic Integration
Intraregional Trade
Macroeconomic
Macroeconomic Analysis
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http://hdl.handle.net/11540/9756Metadata
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