The global recession and China's stimulus package: A general equilibrium assessment of country level impacts

China Economic Review

Volumn 23, Issue 1, 2012, Pages 1-17

  Diao, Xinshen ^a   Zhang, Yumei ^b   Chen, Kevin Z ^a  

^a INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE   (United States)

^b INSTITUTE OF PLANT PROTECTION   (China)

Author keywords

China's stimulus package; General equilibrium modeling; Global financial crisis

Indexed keywords

EID: 84855453666     PISSN: 1043951X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.chieco.2011.05.005     Document Type: Article

References (20)

1. Asian Development Bank Asian Development Outlook 2009 Update: Broadening openness for a resilient Asia 2009, Asian Development Bank, Mandaluyong City, Philippines.
2. Breisinger C., Diao X., Thurlow J. Modeling growth options and structural change to reach middle income country status: The case of Ghana. Economic Modeling 2009, 26:514-525.
3. Chair V., Kehoe P., McGrattan E. Business cycle accounting. Econometrica 2007, 75(3):781-836.
4. Development Research Center of the State Council China: Seeking for new breakthrough on coping with crisis. Manage World 2009, 2009(6):4-18.
5. Diao X., Hazell P., Resnick D., Thurlow J. The role of agriculture in development, implications for Sub-Saharan Africa. IFPRI research report 153 2007, International Food Policy Research Institute, Washington, D.C.
6. Diao X., Yeldan E., Roe T. A dimple dynamic applied general equilibrium model of a small open economy: Transitional dynamics and trade policy. Journal of Economic Development 1998, 23(1):77-101.
7. Dorosh Paul, Haggblade Steven Growth linkages, price effects and income distribution in Sub-Saharan Africa. Journal of African Economies 2003, 12(2):207-235.
8. Haggblade S., Hammer J., Hazell P.B.R. Modeling agricultural growth multiplier. American Journal of Agricultural Economics 1991, 73(2):361-374.
9. He Q., Chong T.T., Shi K. What accounts for Chinese business cycle?. China Economic Review 2009, 20:650-661.
10. He Dong, Zhang Zhiwei, Zhang Wenland How large will be the effect of China's fiscal stimulus package on output and employment?. Working Paper 05/2009 2009, Hong Kong Monetary Authority.
11. Horridge M., Madden J., Witter G. Using a highly disaggregated multi-regional single-country model to analyze the impacts of the 2002-03 droughts on Australia. Journal of Policy Modeling 2005, 27:285-308.
12. Horridge M., Witter G. SinoTERM, a multi-regional CGE model of China. China Economic Review 2008, 19:628-634.
13. IMF Contractionary forces receding but weak recovery ahead. World economy outlook update, July 8, 2009 2009.
14. Liu Ligang Impact of the global financial crisis on China: Empirical evidence and policy implications. China & World Economy 2009, 17(6):1-23.
15. Lofgren H., Harris R., Robinson S. A standard computable general equilibrium (CGE) model in GAMS. Trade and macroeconomics discussion paper no. 75 2001, International Food Policy Research Institute, Washington, D.C.
16. Mann C. Perspectives on the U.S. current account deficit and sustainability. Journal of Economic Perspectives 2002, 16:131-152.
17. Mareike Meyn, Kennan Jane The implications of the global financial crisis for developing countries' export volumes and values. ODI working papers (online) ISSN 1759 2917, June 2009 2009.
18. Rawski T. Will investment behavior constrain China's growth?. China Economic Review 2002, 13:361-372.
19. Thurlow, J. (2004). Trade liberalization and poverty in South Africa: A computable general equilibrium and microsimulation analysis of past and potential trade policies, Unpublished Ph. D dissertation, University of Natal, South Africa.
20. Wang Dewen, Cai Fang The settlement of financial crisis on employment shocks. Macroeconomics 2009, 2009(2):16-22.