Search

To purchase or authenticate to the full-text of this article, please visit this link: http://dx.doi.org/10.1111/j.1467-9701.2008.01127.x Byline: Guanghua Wan (1), Amelia U. Santos-Paulino (1) Author Affiliation: (1)UNU-WIDER

To purchase or authenticate to the full-text of this article, please visit this link: http://dx.doi.org/10.1111/j.1467-9701.2008.01131.x Byline: Mahvash Saeed Qureshi (1), Guanghua Wan (2) Abstract: By exploring the export performances and specialisation patterns of China and India, we assess their trade competitiveness and complementarity vis-a-vis each other as well as with the rest of the world. Our analysis indicates that (a) India faces tough competition from China in the third markets especially in clothing, textiles and leather products; (b) there is a moderate potential for expanding trade between the two countries; (c) China poses a challenge for the East Asian economies, the US, and most European countries especially in medium-technology industries; (d) India appears to be a competitor mainly for its neighbouring South Asian countries; (e) complementarity exists between the imports of China and India, and the exports of the US, some European states and East Asian countries, especially Japan, Korea, Malaysia, Singapore and Thailand, implying opportunities for trade expansion; and finally (f) the export structure of China is changing with the exports of skill-intensive and high-technology products increasing and those of labour-intensive products decreasing gradually. This suggests that challenges created by China in traditional labour-intensive products might reduce in the long run. Author Affiliation: (1)University of Cambridge and (2)UNU-WIDER

To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.jpolmod.2005.11.002 Byline: Yin Zhang, Guanghua Wan Keywords: China; Trade balance; Real exchange rate; Structural VAR; Law of one price Abstract: This paper proposes a structural VAR model which extends the frameworks of Hoffmaister and Roldos [Hoffmaister, A. W., & Roldos, J. E. (2001). The sources of macroeconomic fluctuations in developing countries: Brazil and Korea. Journal of Macroeconomics, 23, 213-239] and Prasad [Prasad, E. S. (1999). International trade and the business cycle. Economic Journal, 109, 588-606]. The model is then used to analyse the sources of China's trade balance fluctuations in the period of 1985-2000. Efforts are made to distinguish the forces which underlie the long-run trend in trade balance from those with transitory impacts. The effects of four types of shock are examined -- the foreign supply shock, the domestic supply shock, the relative demand shock and the nominal shock. Among other findings, two emerge as important. First, the movements in China's trade balance are largely the result of real shocks. Second, the Renminbi is undervalued, yet changes in the exchange rate bear little on the trade balance. Therefore, monetary measures would not suffice to redress China's trade 'imbalance'. Author Affiliation: World Institute for Development Economics Research, The United Nations University, Katajanokanlaituri 6 B, FIN-00160 Helsinki, Finland Article History: Received 4 March 2004; Revised 22 February 2005; Accepted 13 November 2005

A study demonstrating that the differences in the exchange rates of host countries of foreign direct investment (FDI), affect their competition for FDI, is presented.

A study of the regression-based approach to inequality decomposition in the literature exposes their drawbacks and suggests a more flexible framework that can be used with any inequality indicator and that imposes few restrictions on the specification of the underlying income-generating function. Policy implications to reduce regional inequality in rural China are discussed.

HUIQUAN BI [1,4] GUANGHUA WAN [2] NIGEL D. TURVEY [3] Abstract. The self-thinning rule describes a density-dependent upper boundary of stand biomass for even-aged pure plant stands in a given [...]