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

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

The authors use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. Price changes are estimated separately using a gener...

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Bibliographic Details
Main Authors:	Chen, Shaohua, Ravallion, Martin
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	HOUSEHOLD WELFARE INDICATORS WORLD TRADE ORGANIZATION FACTOR PRICES HOUSEHOLD CONSUMPTION INCOME SOURCES SOCIAL WELFARE TRADE REGIME ADVERSE IMPACTS AGGREGATE INEQUALITY AGRICULTURE COMMODITIES COMPARATIVE ECONOMICS COMPETITIVE MARKET CONSUMPTION GROWTH COUNTRY PERFORMANCE COUNTRY REGRESSIONS CROSS-COUNTRY COMPARISONS CROSS-COUNTRY DATA DATA SET DATA SETS DEMOGRAPHICS DEVELOPING COUNTRIES DEVELOPMENT ISSUES DEVELOPMENT RESEARCH DISPOSABLE INCOME DISTRIBUTIONAL CHANGES DISTRIBUTIONAL EFFECTS DISTRIBUTIONAL IMPACT ECONOMETRICS ECONOMIC ASSUMPTIONS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC REVIEW ENVELOPE PROPERTY EQUILIBRIUM EQUILIBRIUM ANALYSES EXPENDITURES EXPLANATORY VARIABLES FINANCIAL SECTOR FOOD ITEMS FOREIGN TRADE FUTURE RESEARCH GDP GDP PER CAPITA GENERAL EQUILIBRIUM ANALYSIS GENERAL EQUILIBRIUM MODEL GEOGRAPHIC AREA HEADCOUNT INDEX HEALTH CARE HOUSEHOLD CHARACTERISTICS HOUSEHOLD INCOME HOUSEHOLD LEVEL HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE IMPORTS INCOME INCOME DISTRIBUTION INCOME DISTRIBUTIONS INCOME INEQUALITY INCOME RISES INCOME SOURCE INCOMES INCREASING INEQUALITY INEQUALITY INVOLUNTARY UNEMPLOYMENT LABOR SUPPLY LAND USE LIVING INDEX LIVING STANDARDS MARGINAL UTILITY MEAN INCOME MEASURED INEQUALITY MEASURING WELFARE MEDIAN INCOME METALS PER CAPITA INCOME POLICY ANALYSIS POLICY CHANGE POLICY CHANGES POLICY REFORM POLICY REFORMS POLICY RESEARCH POOR AREAS POOR COUNTRIES POPULATION SHARE POVERTY DYNAMICS POVERTY LINES POVERTY RATE PRICE CHANGES PRICE VECTOR PRODUCTION FUNCTION PRODUCTION INPUTS PRODUCTIVITY PROFIT FUNCTIONS PROPORTIONATE CHANGES REAL INCOME RELATIVE PRICE RELATIVE PRICES RELATIVE WAGES RICH COUNTRIES RURAL AREAS RURAL HOUSEHOLDS SAVINGS SECTOR EMPLOYMENT SIZABLE REDISTRIBUTION SKILLED LABOR TAX RATES TIME SERIES TRADE LIBERALIZATION TRADE REFORMS URBAN AREAS URBAN HOUSEHOLDS UTILITY FUNCTION WAGE RATES WAGES WEALTH WELFARE EFFECTS WELFARE GAINS WELFARE INDICATOR WHOLESALE PRICES WTO TRADE REGIME ADVERSE IMPACTS
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2329632/household-welfare-impacts-chinas-accession-world-trade-organization http://hdl.handle.net/10986/18204

Description
Summary:	The authors use China's national household surveys for rural and urban areas to measure and explain the welfare impacts of the changes in goods and factor prices attributed to WTO accession. 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 and are calibrated to the household-level data imposing minimum aggregation. The authors find 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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