Implications of the Global Financial Crisis for China : A Dynamic CGE Analysis to 2020
Joint Authors
Source
Economics Research International
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-10-05
Country of Publication
Egypt
No. of Pages
9
Main Subjects
Abstract EN
The global financial crisis resulted in a significant downturn in the global economy, with impacts felt throughout the world.
In this paper, we use a dynamic global general equilibrium model to explore the longer-term impacts of the financial crisis, with a particular focus on China.
The economies of most countries suffered to some extent, with the extent of declines in the long run likely to depend on the extent to which investment declines.
Our results suggest that overall the financial crisis leads to international trade falling by approximately 14 percent from the 2020 baseline level.
Within this, the composition of trade changes, particularly reflecting changes in demand for construction of investment goods and increasing longer-term demand from economies like China.
We also briefly consider the impact of a more protracted recovery from the crisis, which has even more significant impacts on the global economy.
American Psychological Association (APA)
Strutt, Anna& Walmsley, Terrie. 2011. Implications of the Global Financial Crisis for China : A Dynamic CGE Analysis to 2020. Economics Research International،Vol. 2011, no. 2011, pp.1-9.
https://search.emarefa.net/detail/BIM-508696
Modern Language Association (MLA)
Strutt, Anna& Walmsley, Terrie. Implications of the Global Financial Crisis for China : A Dynamic CGE Analysis to 2020. Economics Research International No. 2011 (2011), pp.1-9.
https://search.emarefa.net/detail/BIM-508696
American Medical Association (AMA)
Strutt, Anna& Walmsley, Terrie. Implications of the Global Financial Crisis for China : A Dynamic CGE Analysis to 2020. Economics Research International. 2011. Vol. 2011, no. 2011, pp.1-9.
https://search.emarefa.net/detail/BIM-508696
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-508696