【Macro/Trade Seminar】Capital Accumulation, Trade, and China's Economic Rise
2025/03/11
研討會日期 : 2025-03-11
時間 : 14:30
主講人 : Professor Marla Ripoll
地點 : Conference Room B110
主持人 : Professor Terry Cheung
演講者簡介 : Professor Marla Ripoll received her Ph.D. in Economics from the University of Rochester in 2000. She is currently a Professor at the University of Pittsburgh. Her research interests are Macroeconomics, Development, Demographics, Growth, and Trade.
演講摘要 : This paper examines the effect of China's economic rise on the global trade of high-tech manufacturing goods and the capital accumulation dynamics around the world. We study these effects for resource-rich (RREs) and high-tech-intensive economies (HTEs), which exhibit distinct comparative-advantage patterns. We use a dynamic Eaton-Kortum model of trade with capital accumulation to conduct our analysis. We find a positive effect of China's rise on the imports of high-tech manufacturing goods, investment, and capital in HTEs, and an even larger positive effect in RREs. Although export diversification decreases in RREs, accelerating deindustrialization, the increased capital accumulation enhances welfare. The welfare gains from China's impact on RREs are smaller than the effects from local improvements in investment efficiency and productivity. Finally, we find negative effects for HTEs from the increasing trade costs of importing high-tech manufacturing goods in China during 2006-2014, which diminished capital accumulation and gains from trade.
