It takes the average reader 1 hour and 2 minutes to read The Global Welfare Impact of China by Julian di Giovanni
Assuming a reading speed of 250 words per minute. Learn more
This paper evaluates the global welfare impact of China''s trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a "balanced" one in which China''s productivity grows at the same rate in each sector, and an "unbalanced" one in which China''s comparative disadvantage sectors catch up disproportionately faster to the world productivity frontier. Contrary to a well-known conjecture (Samuelson, 2004), the large majority of countries in the sample, including the developed ones, experience an order of magnitude larger welfare gains when China''s productivity growth is biased towards its comparative disadvantage sectors. We demonstrate both analytically and quantitatively that this finding is driven by the inherently multilateral nature of world trade. As a separate but related exercise we quantify the worldwide welfare gains from China''s trade integration.
The Global Welfare Impact of China by Julian di Giovanni is 62 pages long, and a total of 15,624 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read The Global Welfare Impact of China aloud.
The Global Welfare Impact of China is suitable for students ages 8 and up.
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