Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China
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Washington, DC: World Bank
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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.
Palabras clave
ABSENCE OF COMPETITION, AGRICULTURE, AIR, APPAREL, AUTO INDUSTRY, AUTO_INDUSTRY, AUTOMOBILE, AUTOMOBILE INDUSTRY, AUTOMOBILE PARTS, AUTOMOBILE PRODUCTION, AUTOMOBILES, AUTOMOTIVE INDUSTRY, AUTOMOTIVE SECTOR, AVERAGE TARIFF, BARRIERS TO TRADE, BENCHMARK, BUSES, CAPITAL FLOWS, CAR, CAR COMPANIES, CARS, CHANGES IN TRADE, COMPONENT PARTS, CONSTANT ELASTICITY OF SUBSTITUTION, DEVELOPMENT ECONOMICS, DOMESTIC COMPETITION, DOMESTIC INDUSTRY, DOMESTIC MARKET, DOMESTIC PRODUCTION, ECONOMIC POLICIES, ECONOMIC POLICY, ELASTICITY, ELASTICITY OF SUBSTITUTION, ENGINE, EXPORT ORIENTATION, EXPORT SHARE, EXPORT SHARES, EXPORTS, FACTORS OF PRODUCTION, FOREIGN COMPANIES, FOREIGN COMPETITION, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN OWNERSHIP, FOREIGN PRODUCER, FOREIGN PRODUCERS, FOREIGN PRODUCTION, FOREIGN SOURCES, FRAMEWORK, FREE TRADE, FREE TRADE AGREEMENT, GENERAL EQUILIBRIUM, GENERAL EQUILIBRIUM MODEL, GLOBAL INTEGRATION, GLOBAL TRADE, GLOBAL TRADE ANALYSIS, GNP, GRAVITY EQUATION, GRAVITY ESTIMATES, HIGH TARIFFS, IMPERFECT COMPETITION, IMPERFECT SUBSTITUTES, IMPORT COMPETITION, IMPORT PROTECTION, IMPORT QUOTAS, IMPORT RESTRICTIONS, IMPORT SHARE, IMPORT SUBSTITUTION, IMPORTS, INCOME LEVELS, INCREASING RETURNS, INDUSTRIAL POLICIES, INDUSTRIAL POLICY, INDUSTRIALIZATION, INJURY, INTERMEDIATE INPUTS, INTERNATIONAL TRADE, INTERNATIONAL TRADE COMMISSION, MARGINAL COST, MARKET ACCESS, MARKET SEGMENTATION, MARKET SHARE, METAL PRODUCTS, MOST FAVORED NATION, MOTOR CAR, MOTOR VEHICLE, MOTOR VEHICLE INDUSTRY, MOTOR VEHICLE PRODUCTION, MOTOR VEHICLES, MOTORCYCLES, MULTILATERAL TRADE, MULTILATERAL TRADE NEGOTIATIONS, PARKING, PASSENGER, PASSENGER CARS, PER CAPITA INCOME, POLITICAL ECONOMY, PRODUCTION EFFICIENCY, PROTECTIONISM, PURCHASING POWER, QUOTAS, REGULATORY REGIMES, RETAIL TRADE, ROADS, STEEL, STRUCTURES, TARIFF RATES, TARIFF REDUCTIONS, TARIFF SCHEDULE, TARIFF SCHEDULES, TAXIS, TECHNOLOGY TRANSFER, TRADE BARRIERS, TRADE DEVELOPMENT, TRADE FLOWS, TRADE LIBERALIZATION, TRADE NEGOTIATIONS, TRADE POLICY, TRADE RESTRICTIONS, TRANSPORT, TRANSPORT SERVICES, TRANSPORTATION, TRANSPORTATION SERVICES, TRUCKS, URUGUAY ROUND, VALUE ADDED, VEHICLE MANUFACTURERS, VEHICLE MANUFACTURING, VEHICLE PRODUCTION, VEHICLES, WELFARE GAINS, WORLD PRICES, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO