Published In

Review of International Economics

Document Type

Article

Publication Date

2-2013

Subjects

Economic reform -- China, China -- Economic policy, Balance of payments -- China, Economic forecasting

Abstract

This paper examines the impact of sectorial reforms on current account imbalances, with a special focus on China. In particular, we investigate to what extent reforms pertaining to the financial sector, social protection, and healthcare may contribute to a rebalancing of China’s persistent current account imbalances. Our forecasting results suggest that reforming the financial sector would be a significant contributor to the country’s rebalancing with an effect much larger than that of capital account liberalization. Strengthened provisions of social protection and publicly-funded healthcare are also found to contribute to a rebalancing of the Chinese economy.

Description

This article was published in a free special issue of Review of International Economics. Copyright 2013 Blackwell Publishing.

Supplementary material includes the authors pre-print version of the published article.

The working paper version of this article has been circulated as Asian Development Bank Institute working paper No. 393.

DOI

10.1111/roie.12020

Persistent Identifier

http://archives.pdx.edu/ds/psu/9816

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