全球智库信息集成服务系统(G2TT): DP12076 How Did China's WTO Entry Benefit U.S. Consumers?

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12076
	DP12076 How Did China's WTO Entry Benefit U.S. Consumers?
	Mary Amiti; Mi Dai; Robert Feenstra; John Romalis
发表日期	2017-06-03
出版年	2017
语种	英语
摘要	China’s rapid rise in the global economy following its 2001 WTO entry has raised questions about its economic impact on the rest of the world. In this paper, we focus on the U.S. market and potential consumer benefits. We find that the China trade shock reduced the U.S. manufacturing price index by 7.6 percent between 2000 and 2006. In principle, this consumer welfare gain could be driven by two distinct policy changes that occurred with WTO entry. The first, which has received much attention in the literature, is the U.S. granting permanent normal trade relations (PNTR) to China, effectively removing the threat of China facing very high tariffs on its exports to the U.S. A second, new channel we identify is China reducing its own input tariffs. Our results show that China's lower input tariffs increased its imported inputs, boosting Chinese firms' productivity and their export values and varieties. Lower input tariffs also reduced Chinese export prices to the U.S. market. In contrast, PNTR had no effect on Chinese productivity nor export prices, but did increase Chinese entry into the U.S. export market. We find that at least two-thirds of the China WTO effect on the U.S. price index of manufactured goods was through China lowering its own tariffs on intermediate inputs.
主题	International Trade and Regional Economics
URL	https://cepr.org/publications/dp12076
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/540887
推荐引用方式 GB/T 7714	Mary Amiti,Mi Dai,Robert Feenstra,et al. DP12076 How Did China's WTO Entry Benefit U.S. Consumers?. 2017.