Welfare Impacts of China's Accession to the World Trade Organization

Welfare Impacts of China's Accession to the World Trade Organization

Data from China's national rural and urban household surveys are used to measure and explain the welfare impacts of changes in goods and factor prices attributable to accession to the World Trade Organization (WTO). The price changes are estim...

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Bibliographic Details
Main Authors:	Chen, Shaohua, Ravallion, Martin
Format:	Journal Article
Language:	English en_US
Published:	Washington, DC: World Bank 2014
Subjects:	ADVERSE IMPACTS AGGREGATE INEQUALITY AGRICULTURE CLERKS COMPARATIVE ECONOMICS COMPETITIVE MARKET CONSUMER PRICE INDEXES CONSUMPTION BEHAVIOR CONSUMPTION GROWTH COUNTRY PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY COMPARISONS CROSS-COUNTRY DATA CROSS-COUNTRY STUDIES DATA SET DATA SETS DEVELOPING COUNTRIES DEVELOPMENT RESEARCH DISPOSABLE INCOME DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACT DRIVERS ECONOMETRICS ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC REVIEW ENVELOPE PROPERTY EQUILIBRIUM EXPLANATORY VARIABLES FACTOR MARKETS FARM INCOME FARM PRODUCTS FARM WORKERS FARMERS FINANCIAL CRISIS FINANCIAL SECTOR FOOD ITEMS FOOD PRICE FOOD STAPLES FOREIGN TRADE FUTURE RESEARCH GENERAL EQUILIBRIUM GENERAL EQUILIBRIUM ANALYSES GENERAL EQUILIBRIUM ANALYSIS GENERAL EQUILIBRIUM MODEL GEOGRAPHIC AREA HEADCOUNT INDEX HOUSEHOLD CHARACTERISTICS HOUSEHOLD DATA HOUSEHOLD DEMOGRAPHICS HOUSEHOLD HEAD HOUSEHOLD HEAD AGE HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD LEVEL DATA HOUSEHOLD SIZE HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE INCIDENCE OF POVERTY INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME RISES INCOME SHARES INCOME SOURCE INCOME SOURCES INCOMES INEQUALITY INNOVATION INVOLUNTARY UNEMPLOYMENT LABOR MOBILITY LABOR SUPPLY LABORERS LABOUR LAND PRICES LIVING INDEX LIVING STANDARDS SURVEY MARGINAL UTILITY MEAN INCOME MEASURING WELFARE MEDIAN INCOME NEGATIVE SIGN OFFICIAL POVERTY OFFICIAL POVERTY LINE OUTPUTS PARTIAL EQUILIBRIUM ANALYSES PARTIAL EQUILIBRIUM ANALYSIS PER CAPITA INCOME POLICY ANALYSIS POLICY CHANGE POLICY CHANGES POLICY REFORM POLICY REFORMS POLICY RESEARCH POOR POOR AREAS POPULATION SHARE POST-REFORM POVERTY DYNAMICS POVERTY INCIDENCE POVERTY LINE POVERTY LINES POVERTY RATE POWER PARITY PRICE CHANGES PRICE LEVELS PRICE VECTOR PRODUCTION FUNCTION PRODUCTION INPUTS PRODUCTIVITY PROFIT FUNCTIONS PROPORTIONATE CHANGES PUBLIC ECONOMICS PURCHASING POWER RAPID RESPONSE REAL INCOME REGRESSION RESULTS RELATIVE PRICE RELATIVE PRICES RELATIVE WAGES RURAL RURAL AREAS RURAL CONSUMER RURAL FAMILIES RURAL HOUSEHOLD RURAL HOUSEHOLDS RURAL LIVING STANDARDS RURAL MIGRANTS RURAL PRICES RURAL WELFARE SAVINGS SECTOR EMPLOYMENT TAXATION TELECOMMUNICATIONS TRADE LIBERALIZATION TRADE POLICY TRADE REFORMS UNEMPLOYMENT UNSKILLED LABOR URBAN AREAS URBAN HOUSEHOLDS URBAN PRICES UTILITY FUNCTION UTILITY FUNCTIONS WAGE RATES WAGES WEALTH WELFARE INDICATOR WHOLESALE PRICES WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2004/01/17742525/welfare-impacts-chinas-accession-world-trade-organization http://hdl.handle.net/10986/17153

Description
Summary:	Data from China's national rural and urban household surveys are used to measure and explain the welfare impacts of changes in goods and factor prices attributable to accession to the World Trade Organization (WTO). The price changes are estimated separately using a general equilibrium model to capture both direct and indirect effects of the initial tariff changes. The welfare impacts are first-order approximations based on a household model incorporating own-production activities calibrated to household-level data and imposing minimum aggregation. The results show negligible impacts on inequality and poverty in the aggregate. However, diverse impacts emerge across household types and regions, associated with heterogeneity in consumption behavior and income sources, with possible implications for compensatory policy responses.

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