G2TT
来源类型Discussion paper
规范类型论文
来源IDDP12076
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
URLhttps://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.
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