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Globalization, trade, and wages : what does history tell us about China?
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Mitchener , Kris James and Yan, S. E (2014) Globalization, trade, and wages : what does history tell us about China? International Economic Review, Volume 55 (Number 1). pp. 131-168. doi:10.1111/iere.12044 ISSN 0020-6598.
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Official URL: http://dx.doi.org/10.1111/iere.12044
Abstract
Newly assembled data show that, as China opened up to global trade during the early 20th century, its exports became more unskilled-intensive and its imports more skill-intensive. Difference-in-differences estimates show that World War I dramatically increased Chinese exports, raising the relative demand for the unskilled workers producing them. When the war ended, trade costs declined and China's terms of trade increased, further stimulating exports. A simulation of a dynamic general equilibrium model demonstrates that the effects of the war on China's terms of trade produces a decline in the skill premium similar to what China experienced in the 1920s.
Item Type: | Journal Article | ||||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||||
Journal or Publication Title: | International Economic Review | ||||||||||
Publisher: | Wiley-Blackwell Publishing, Inc. | ||||||||||
ISSN: | 0020-6598 | ||||||||||
Official Date: | February 2014 | ||||||||||
Dates: |
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Volume: | Volume 55 | ||||||||||
Number: | Number 1 | ||||||||||
Page Range: | pp. 131-168 | ||||||||||
DOI: | 10.1111/iere.12044 | ||||||||||
Status: | Peer Reviewed | ||||||||||
Publication Status: | Published | ||||||||||
Access rights to Published version: | Restricted or Subscription Access |
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