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|Title:||Regulated efficiency, World Trade Organization accession, and the motor vehicle sector in China|
|Citation:||World Bank Economic Review, 2004; 18(1):85-104|
|Publisher:||World Bank Publications|
|Joseph F. Francois and Dean Spinanger|
|Abstract:||This article is concerned with the interaction of regulated efficiency and World Trade Organization (WTO) accession and its impact on China's motor vehicle sector. The analysis is conducted using a 23 sector--25 region computable general equilibrium model. Regulatory reform and internal restructuring are found to be critical. Restructuring is represented by a cost reduction following from consolidation and rationalization that moves costs toward global norms. Without restructuring, WTO accession means a surge of final imports, though imports of parts could well fall as production moves offshore. However, with restructuring, the final assembly industry can be made competitive by world standards, with a strengthened position for the industry.|
|Rights:||© The International Bank for Reconstruction and Development|
|Appears in Collections:||Economics publications|
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