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https://hdl.handle.net/2440/82224
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Type: | Journal article |
Title: | Regulated efficiency, World Trade Organization accession, and the motor vehicle sector in China |
Author: | Francois, J. Spinanger, D. |
Citation: | The World Bank Economic Review, 2004; 18(1):85-104 |
Publisher: | World Bank Publications |
Issue Date: | 2004 |
ISSN: | 0258-6770 1564-698X |
Statement of Responsibility: | Joseph F. Francois and Dean Spinanger |
Abstract: | This article is concerned with the interaction of regulated efficiency and World Trade Organization (WTO) accession and its impact on China's motor vehicle sector. The analysis is conducted using a 23 sector--25 region computable general equilibrium model. Regulatory reform and internal restructuring are found to be critical. Restructuring is represented by a cost reduction following from consolidation and rationalization that moves costs toward global norms. Without restructuring, WTO accession means a surge of final imports, though imports of parts could well fall as production moves offshore. However, with restructuring, the final assembly industry can be made competitive by world standards, with a strengthened position for the industry. |
Rights: | © The International Bank for Reconstruction and Development |
DOI: | 10.1093/wber/lhh034 |
Published version: | http://dx.doi.org/10.1093/wber/lhh034 |
Appears in Collections: | Aurora harvest Economics publications |
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