Economic Development in Emerging Asian Markets : Implications for Europe

The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects, second-best welfare impacts and improvements in product quality and variety. More rapid growth in these giants could improve Europe's terms of trade, but second-best effects on en...

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Main Authors:	Martin, Will, Ianchovichina, Elena, Dimaranan, Betina
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Capital Investment Capacity E220 Country and Industry Studies of Trade F140 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330
Online Access:	http://hdl.handle.net/10986/4742

id	okr-10986-4742
recordtype	oai_dc
spelling	okr-10986-47422021-04-23T14:02:19Z Economic Development in Emerging Asian Markets : Implications for Europe Martin, Will Ianchovichina, Elena Dimaranan, Betina Capital Investment Capacity E220 Country and Industry Studies of Trade F140 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330 The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects, second-best welfare impacts and improvements in product quality and variety. More rapid growth in these giants could improve Europe's terms of trade, but second-best effects on energy markets could lower welfare unless these taxes are Pigovian. Whether growth arises from productivity or capital accumulation has important implications, with capital-driven growth involving higher energy and agricultural prices. When quality and variety growth are taken into account, the benefits to Europe are substantially greater. If agricultural protection in emerging Asia increases with growth, the impacts on Europe appear to be adverse but small. 2012-03-30T07:29:30Z 2012-03-30T07:29:30Z 2008 Journal Article European Review of Agricultural Economics 01651587 http://hdl.handle.net/10986/4742 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Europe India China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Capital Investment Capacity E220 Country and Industry Studies of Trade F140 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330
spellingShingle	Capital Investment Capacity E220 Country and Industry Studies of Trade F140 Macroeconomic Analyses of Economic Development O110 International Linkages to Development Role of International Organizations O190 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330 Martin, Will Ianchovichina, Elena Dimaranan, Betina Economic Development in Emerging Asian Markets : Implications for Europe
geographic_facet	Europe India China
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	The impacts of faster growth in China and India for Europe are analysed taking into account terms-of-trade effects, second-best welfare impacts and improvements in product quality and variety. More rapid growth in these giants could improve Europe's terms of trade, but second-best effects on energy markets could lower welfare unless these taxes are Pigovian. Whether growth arises from productivity or capital accumulation has important implications, with capital-driven growth involving higher energy and agricultural prices. When quality and variety growth are taken into account, the benefits to Europe are substantially greater. If agricultural protection in emerging Asia increases with growth, the impacts on Europe appear to be adverse but small.
format	Journal Article
author	Martin, Will Ianchovichina, Elena Dimaranan, Betina
author_facet	Martin, Will Ianchovichina, Elena Dimaranan, Betina
author_sort	Martin, Will
title	Economic Development in Emerging Asian Markets : Implications for Europe
title_short	Economic Development in Emerging Asian Markets : Implications for Europe
title_full	Economic Development in Emerging Asian Markets : Implications for Europe
title_fullStr	Economic Development in Emerging Asian Markets : Implications for Europe
title_full_unstemmed	Economic Development in Emerging Asian Markets : Implications for Europe
title_sort	economic development in emerging asian markets : implications for europe
publishDate	2012
url	http://hdl.handle.net/10986/4742
_version_	1764392582154027008

Economic Development in Emerging Asian Markets : Implications for Europe

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