Buch(elektronisch)2016

Achieving inclusive growth in China through vertical specialization

In: Elsevier Asian studies series

Wang, Wei

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Abstract

4 Vertical specialization and increasing productive employment: comparing impacts of conventional trade and processing trad ... -- 4.1 Introduction -- 4.2 Trade and labor markets -- 4.3 Empirical evidence of the impact of vertically specialized trade policy on the labor market in China -- 4.3.1 Methodology and data -- 4.3.2 Unit root test for stationarity -- 4.3.3 Results of Johansen's cointegration tests -- 4.3.4 The vector error correction model -- 4.3.5 Granger causality tests -- 4.3.6 Impulse response function -- 4.3.7 Variance decomposition -- 4.4 Concluding remarks and policy implications -- Appendix A: Variables grouping -- Appendix B: The results of unit root tests -- Appendix C: Results of cointegration tests -- Appendix D: Results of vector error correction model -- Appendix E: Results of Granger causality tests -- Appendix F: Impulse responses function -- Appendix G: Results of variance decomposition -- 5 Vertical specialization and accelerating poverty reduction: comparing impacts of conventional trade and processing trade ... -- 5.1 Introduction -- 5.2 Trade and income in the economic literature -- 5.3 Methodology and data -- 5.4 Relation between vertically specialized trade and income in China -- 5.4.1 Unit root test -- 5.4.2 Cointegration test -- 5.4.3 Vector error correction model -- 5.4.4 Granger causality tests -- 5.4.5 Impulse response function -- 5.4.6 Variance decomposition -- 5.5 Concluding remarks and policy implications -- Appendix A: Variables grouping -- Appendix B: The results of unit root tests -- Appendix C: Results of cointegration tests -- Appendix D: Results of vector error correction model -- Appendix E: Results of Granger causality tests -- Appendix F: Impulse response function -- Appendix G: Results of variance decomposition.

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Achieving inclusive growth in China through vertical specialization

In: Elsevier Asian studies series

Wang, Wei

Vertical Specialization and Inclusive Growth in China discusses the two interrelated developments that have transformed the Chinese economy in recent years. First, the global community has increased calls to foster inclusive economic growth, with China embracing this trend. Second, the explosive growth in China's trade resulting from international vertical specialization production and trade networks which has complicated the notion of inclusive growth in the Chinese context. This book assesses these two trends quantitatively, giving evidence of the link between vertical specialization and inclusive growth, and then decomposing the inclusive growth effects of vertically specialized trade into six components: GDP growth, export growth, FDI, environment, employment, and innovation. It further explores the differing impact of conventional trade and processing trade on inclusive growth, providing direction for future policy. This second book by the author to consider vertical specialization stresses the importance of integration in driving inclusive growth. Argues that inclusive growth and vertical specialization analyses must be performed together Gives quantitative evidence for the link between vertical specialization and inclusive growth in China Investigates the different impact of conventional trade and processing trade on transition to inclusive growth in China, using comparative analysis techniques Offers insight on forming future policy in China to increase inclusive growth