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ECONOMIC BENEFITS OF GLOBALIZATION: THE IMPACT OF ENTRY TO THE WTO ON CHINA'S GROWTH
Authors:H STEVE CHING  CHENG HSIAO  SHUI KI WAN  TONGSAN WANG
Institution:1. The City University of Hong Kong;2. University of Southern California;3. Hong Kong Baptist University;4. Institute for Quantitative and Technical Economics, Chinese Academy of Social Sciences
Abstract:A panel data method is used to evaluate the impact of China's accession to the WTO. Time‐series data for China, Australia, Austria, Canada, Denmark, Finland, France, Germany, the UK, Hong Kong, Singapore, Korea, Japan, the Philippines, Indonesia, Malaysia, Thailand, the USA and Taiwan are used to construct the growth path that what would have been followed had there been no entry by China to the WTO. We find that from 2002 to 2007, accession to the WTO raised China's real economic growth rate by 2.4%, its export growth rate by 13.2% and its import growth rate by 18.89% a year.
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