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.
DOI
10.1111/roie.12020
Persistent Identifier
http://archives.pdx.edu/ds/psu/9816
Citation Details
Ito, H. and Volz, U. (2013), China and Global Imbalances from a View of Sectorial Reforms. Review of International Economics, 21: 57–71.
Authors pre-print
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.