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dc.contributor.authorStrutt, Anna
dc.contributor.authorWalmsley, Terri
dc.identifier.citationStrutt, A. & Walmsley, T. (2011). Implications of the Global Financial Crisis for China: A Dynamic CGE Analysis to 2020. Economics Research International, 2011, 1-9.en_NZ
dc.description.abstractThe global financial crisis resulted in a significant downturn in the global economy, with impacts felt throughout the world. In this paper, we use a dynamic global general equilibrium model to explore the longer-term impacts of the financial crisis, with a particular focus on China. The economies of most countries suffered to some extent, with the extent of declines in the long run likely to depend on the extent to which investment declines. Our results suggest that overall the financial crisis leads to international trade falling by approximately 14 percent from the 2020 baseline level. Within this, the composition of trade changes, particularly reflecting changes in demand for construction of investment goods and increasing longer-term demand from economies like China. We also briefly consider the impact of a more protracted recovery from the crisis, which has even more significant impacts on the global economy.en_NZ
dc.publisherHindawi Publishing Corporationen_NZ
dc.relation.ispartofEconomics Research International
dc.titleImplications of the global financial crisis for China: A dynamic CGE analysis to 2020en_NZ
dc.typeJournal Articleen_NZ
dc.relation.isPartOfEconomics Research Internationalen_NZ

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