Regulated efficiency, World Trade Organization accession, and the motor vehicle sector in China

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dc.contributor.authorFrancois, J.
dc.contributor.authorSpinanger, D.
dc.date.issued2004
dc.description.abstractThis 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.
dc.description.statementofresponsibilityJoseph F. Francois and Dean Spinanger
dc.identifier.citationThe World Bank Economic Review, 2004; 18(1):85-104
dc.identifier.doi10.1093/wber/lhh034
dc.identifier.issn0258-6770
dc.identifier.issn1564-698X
dc.identifier.urihttp://hdl.handle.net/2440/82224
dc.language.isoen
dc.publisherWorld Bank Publications
dc.rights© The International Bank for Reconstruction and Development
dc.source.urihttps://doi.org/10.1093/wber/lhh034
dc.titleRegulated efficiency, World Trade Organization accession, and the motor vehicle sector in China
dc.typeJournal article
pubs.publication-statusPublished

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