The Effect of Total Factor Productivity in China’s Accession to WTO Yiseok Hong Seokyeong University.

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Presentation transcript:

The Effect of Total Factor Productivity in China’s Accession to WTO Yiseok Hong Seokyeong University

China’s Accession to WTO CHN2005 Real GDPCapital Stocks Welfare($US million) Namerica ($1,262.76) Weurope , Japan $7, CHN_TWN $91, OthNICs $6, SEA ($5,114.52) SoAsia ($2,895.18) ROW ($6,673.00)

MFA/ATC CHN2005 Real GDPCapital Stocks Welfare($US million) Namerica ($1,297.20) Weurope , Japan $7, CHN_TWN $91, OthNICs $6, SEA ($5,056.86) SoAsia ($2,866.74) ROW ($6,686.98)

TFP Services 4% Real GDPCapital Stocks Welfare($US million) Namerica ($5,477.23) Weurope $1, Japan $5, CHN_TWN $253, OthNICs $ SEA ($2,929.60) SoAsia ($1,518.02) ROW ($8,420.01)

Welfare Decomposition ChinaNamerica CHN2005SFG2005TFP Services 4% Total Welfare$91,650.23$91,441.38$253,108.28($5,477.23) Allocative efficiency$87,391.34$87,285.95$73,630.94($2,378.77) Net foreign equity$17,979.71($9,738.67)$50,352.29($12,595.39) Terms of trade($13,870.33)$13,743.40($9,676.22)$7, Technology$0.00 $137,846.56$0.00 Non-accumulable endowments$0.00 Capital goods effect$149.51$150.70$954.72$1, Population effect$0.00

Net Income by owning Equity TempCoeff1 NAmerica4 CHN_TWN 1 qk pop00 3 yqht yqtf Total