This paper tries to analyze the impacts of intermediate goods trade on production, consumption, investment, net exports, employment, labor wage and capital rent of Iran in its bilateral trade relations with China. This analysis has been done by modeling, solving and calibrating an international real business cycles (IRBC) model in period 1980-2009. The results show that when elasticity of subst...

Justin Yifu Lin Chief Economist and Senior Vice President, the World Bank When China began its transition from a planned to a market-oriented economy in 1979, it was a poor, inward-looking country with a per capita income of US$182, less than one-third of the average in Sub-Saharan African countries, and a trade dependence (trade-to-GDP) ratio of 11.2 percent. 1 China’s economic performance sin...

In the context of world economy globalization, competition between producers exceeds established framework. particular, situation is exacerbated biggest countries. The world's leading economy, United States, has lost some its position in recent decades due to China's intensification many markets. deepening negative trends such as trade balance, loss export markets, and growing dependence on Chi...

â â â  â â â â  abstract â  as the chances of a successful conclusion to the doha round of trade liberalization under the wto become increasingly problematic, so the pace of negotiating local free trade agreements (ftas) is increasing. according to the wto report, countries in the asia-pacific region are “consolidating their drive towards regionalism at an accelerated pace”. after the trade...