| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19951 |
| 来源ID | Working Paper 19951 |
| Trapped Factors and China's Impact on Global Growth | |
| Nicholas Bloom; Paul M. Romer; Stephen J. Terry; John Van Reenen | |
| 发表日期 | 2014-03-06 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession could have increased long-run growth to 2.4%. There is an additional short-run trapped factors effect, raising growth to 2.7%. China accounts for about half of these growth increases. |
| 主题 | Macroeconomics |
| URL | https://www.nber.org/papers/w19951 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577625 |
| 推荐引用方式 GB/T 7714 | Nicholas Bloom,Paul M. Romer,Stephen J. Terry,et al. Trapped Factors and China's Impact on Global Growth. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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