Arbeitspapier
The People's Republic of China and global imbalances from a view of sectorial reforms
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ADBI Working Paper ; No. 393
- Klassifikation
-
Wirtschaft
Current Account Adjustment; Short-term Capital Movements
Open Economy Macroeconomics
- Thema
-
global imbalances
prc
current account balance
budget deficit
financial liberalization
social sector reform
Außenwirtschaftliches Gleichgewicht
Leistungsbilanz
Wirtschaftsreform
Branchenentwicklung
China
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ito, Hiro
Volz, Ulrich
- Ereignis
-
Veröffentlichung
- (wer)
-
Asian Development Bank Institute (ADBI)
- (wo)
-
Tokyo
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ito, Hiro
- Volz, Ulrich
- Asian Development Bank Institute (ADBI)
Entstanden
- 2012
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