@article{Ianchovichina:283445,
      recid = {283445},
      author = {Ianchovichina, Elena and McDougall, Robert and Hertel,  Thomas},
      title = {China in 2005 Revisited: The Implications of International  Capital Mobility},
      address = {2000},
      number = {1237-2019-187},
      pages = {39},
      year = {2000},
      abstract = {This paper revisits the analysis of the implications of  China's economic growth on her trading partners presented  in Arndt et al. (1997) using a dynamic, applied general  equilibrium model that features international capital  mobility.  We find that accounting for the impact of  China's growth on international capital markets reverses  some of the findings in the paper by Arndt et al. In  particular, net creditor regions lose while net debtor  regions benefit from an economic slowdown in China due to  the resulting decline in the cost of capital.  Our analysis  also reveals the importance of capital accumulation effects  which interact with non-capital factor productivity and tax  distortions in determining regional welfare. },
      url = {http://ageconsearch.umn.edu/record/283445},
      doi = {https://doi.org/10.22004/ag.econ.283445},
}