Trade Impact of China's Transition to the ‘New Normal’:The Construction and Application of China's DPN GEM Model

Abstract

Abstract:

In this paper, we use a China trade CGE model, known as DPN GEM, to study the impact of China's structural reform on trade. It demonstrates that processing trade adjustment slows down trade, which is in line with previously documented findings. Further-more, China's transition to the ‘new normal’ is also trade contractionary. The new growth model unambiguously raises household welfare with more domestic consumption. It is likely to generate a higher growth rate for real GDP as well.

Key words: trade structure change, new normal, trade impact, DPN GEM model

Pei Jiansuo, Yao Shunli. Trade Impact of China's Transition to the ‘New Normal’:The Construction and Application of China's DPN GEM Model[J]. , 2018, 30(5): 112-118.

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