Taking Another Look at Policy Research on China's Accession to the World Trade Organization
Recent work on China's accession to the World Trade Organizations pays little attention to the wave of reforms in China in the 1980s and 1990s. These reforms created the preconditions for accession and strongly influenced its outcomes. The pre...
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2019
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| Online Access: | http://documents.worldbank.org/curated/en/745641562006533245/Taking-Another-Look-at-Policy-Research-on-Chinas-Accession-to-the-World-Trade-Organization http://hdl.handle.net/10986/32032 |
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okr-10986-320322022-05-21T06:14:19Z Taking Another Look at Policy Research on China's Accession to the World Trade Organization Ianchovichina, Elena Martin, Will WORLD TRADE ORGANIZATION WTO ACCESSION EXPORT PROCESSING DUTY EXEMPTIONS EXPORT COMPETITIVENESS EXPORTS TRADE POLICY Recent work on China's accession to the World Trade Organizations pays little attention to the wave of reforms in China in the 1980s and 1990s. These reforms created the preconditions for accession and strongly influenced its outcomes. The preeminence of processing trade at the time of accession sharply reduced the impact of accession-related tariff reductions on exports and set the stage for China's increases in domestic value added and reduction in China's involvement in global production sharing since that time. The assessment in this paper, based on export data and simulation results on the ex ante accession-related effects on export volumes in the literature, finds that the accession must have increased China's real export growth by at most 6 percentage points between 1997 and 2005. This effect is substantial, but not as large as suggested by the difference between the pre- and post-accession export growth rates in the four years before and after accession. This is because the influence of cyclical fluctuations related to the Asian financial crisis and the U.S. dot-com crash dampened export growth in the period before accession in 2001 and accelerated it afterward. 2019-07-03T16:34:30Z 2019-07-03T16:34:30Z 2019-07 Working Paper http://documents.worldbank.org/curated/en/745641562006533245/Taking-Another-Look-at-Policy-Research-on-Chinas-Accession-to-the-World-Trade-Organization http://hdl.handle.net/10986/32032 English Policy Research Working Paper;No. 8932 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
WORLD TRADE ORGANIZATION WTO ACCESSION EXPORT PROCESSING DUTY EXEMPTIONS EXPORT COMPETITIVENESS EXPORTS TRADE POLICY |
| spellingShingle |
WORLD TRADE ORGANIZATION WTO ACCESSION EXPORT PROCESSING DUTY EXEMPTIONS EXPORT COMPETITIVENESS EXPORTS TRADE POLICY Ianchovichina, Elena Martin, Will Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 8932 |
| description |
Recent work on China's accession to
the World Trade Organizations pays little attention to the
wave of reforms in China in the 1980s and 1990s. These
reforms created the preconditions for accession and strongly
influenced its outcomes. The preeminence of processing trade
at the time of accession sharply reduced the impact of
accession-related tariff reductions on exports and set the
stage for China's increases in domestic value added and
reduction in China's involvement in global production
sharing since that time. The assessment in this paper, based
on export data and simulation results on the ex ante
accession-related effects on export volumes in the
literature, finds that the accession must have increased
China's real export growth by at most 6 percentage
points between 1997 and 2005. This effect is substantial,
but not as large as suggested by the difference between the
pre- and post-accession export growth rates in the four
years before and after accession. This is because the
influence of cyclical fluctuations related to the Asian
financial crisis and the U.S. dot-com crash dampened export
growth in the period before accession in 2001 and
accelerated it afterward. |
| format |
Working Paper |
| author |
Ianchovichina, Elena Martin, Will |
| author_facet |
Ianchovichina, Elena Martin, Will |
| author_sort |
Ianchovichina, Elena |
| title |
Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| title_short |
Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| title_full |
Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| title_fullStr |
Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| title_full_unstemmed |
Taking Another Look at Policy Research on China's Accession to the World Trade Organization |
| title_sort |
taking another look at policy research on china's accession to the world trade organization |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/745641562006533245/Taking-Another-Look-at-Policy-Research-on-Chinas-Accession-to-the-World-Trade-Organization http://hdl.handle.net/10986/32032 |
| _version_ |
1764475629551484928 |