The International Effects of China's Growth, Trade and Education Booms

China’s international trade flows have increased by 500 per cent since 1992, far outstripping GDP growth. Likewise tertiary education enrolments have increased by 300 per cent. We simulate these changes using a multi‐sector growth model of the Chinese and USA economies. A decade of trade biased grow...

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Bibliographic Details
Published in:World economy 2011-10, Vol.34 (10), p.1703-1725
Main Authors: Harris, Richard G., Robertson, Peter E., Xu, Jessica Y.
Format: Article
Language:English
Subjects:
China
China (People's Republic)
Economic development
Economic growth
Economic impact analysis
Economic relations
Economics of education
Education
Export-import trade
GDP
Gross Domestic Product
Growth models
Growth rates
Higher education
Impact analysis
International Trade
Peoples Republic of China
Studies
Trade
United States
United States of America
World economy
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Summary:China’s international trade flows have increased by 500 per cent since 1992, far outstripping GDP growth. Likewise tertiary education enrolments have increased by 300 per cent. We simulate these changes using a multi‐sector growth model of the Chinese and USA economies. A decade of trade biased growth in China is found to raise USA GDP by approximately 3–4.5 percentage points and has a large impact on the demand for tertiary education in China. Despite these positive effects of growth, the results suggest that the expansion of China’s education sector per se has practically no long‐run impact on the USA economy.
ISSN:0378-5920
1467-9701
DOI:10.1111/j.1467-9701.2011.01391.x