IDEAS home Printed from https://ideas.repec.org/p/eab/macroe/23353.html
   My bibliography  Save this paper

The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms

Author

Listed:
  • Hiro Ito

    (Asian Development Bank Institute (ADBI))

  • Ulrich Volz

Abstract

This paper examines the impact of sectorial reforms on current account imbalances, with a special focus on the People’s Republic of China (PRC). In particular, we investigate to what extent reforms pertaining to the financial sector, social protection, and healthcare may contribute to a rebalancing of the PRC’s persistent current account imbalances. Our forecasting results suggest that reforming the financial sector would be a significant contributor to the country’s rebalancing with an effect much larger than that of capital account liberalization. Strengthened provisions of social protection and publicly-funded healthcare are also found to contribute to a rebalancing of the PRC economy.

Suggested Citation

  • Hiro Ito & Ulrich Volz, 2012. "The People’s Republic of China and Global Imbalances from a View of Sectorial Reforms," Macroeconomics Working Papers 23353, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:macroe:23353
    as

    Download full text from publisher

    File URL: http://www.eaber.org/node/23353
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. L. Randall Wray & Xinhua Liu, 2014. "Options for China in a Dollar Standard World: A Sovereign Currency Approach," Economics Working Paper Archive wp_783, Levy Economics Institute.

    More about this item

    Keywords

    the PRC and Global Imbalances; financial sector; current account imbalances; Capital account liberalization; social protection; rebalancing;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eab:macroe:23353. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Shiro Armstrong (email available below). General contact details of provider: https://edirc.repec.org/data/eaberau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.