The trade impact of China on EMU : is it even across members?

Uffe Mikkelsen and Esther Pérez Ruiz

This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area countries. Simulations on the impact of productivity shocks in Chinese textiles and machinery suggest that the required adjustment in wages, prices, and factor re-allocation is widely heterogenous across euro area countries on accounts of their different specialization patterns. This raises the question of the distribution of gains and losses from external

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Year of publication:	2012
Authors:	Mikkelsen, Uffe ; Pérez Ruiz, Esther
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Internationale Wirtschaft \| International economy \| Schock \| Shock \| Internationale Arbeitsteilung \| International division of labour \| Komparativer Vorteil \| Comparative advantage \| Gravitationsmodell \| Gravity model \| China \| EU-Staaten \| EU countries

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Extent:	Online-Ressource (PDF-Datei: 24 S., 1,390 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/221 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; II. Trade and Sectoral Specialization: China and the Euro Area; Figures; 1. China's Exports to the Euro Area; 2. Sectoral Specialization in Ten Euro Area Countries, 2000 and 2007; III. A Ricardian-Gravity Trade Model; 3. Density Function for Technology; 4. Production Structure with 2 Countries and 2 Sectors; IV. Estimating Relative Competitiveness; 5a. Competitiveness in Nine Euro Area Countries and China (I); 5b. Competitiveness in Nine Euro Area Countries and China (II); V. Illustrative Scenarios; A. General Equilibrium; 6. Barriers to Export B. The Impact of Trade Shocks on Euro Area Countries: Some Illustrative Scenarios7a. Adjustment to a Productivity Shock in Chinese Textiles; 7b. Adjustment to a Productivity Shock in Chinese Machinery; VI. Conclusion; 8. Adjustment via Higher Trade Deficits; Appendix: Sample and Data; Table; Table A1: Sectors; References Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-1028-7 ; 978-1-4755-2223-5 ; 978-1-4755-1028-7
Source:	ECONIS - Online Catalogue of the ZBW

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