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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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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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description	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.
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source	International Bibliography of the Social Sciences (IBSS); Business Source Ultimate; EBSCOhost Econlit with Full Text; Wiley-Blackwell Read & Publish Collection; PAIS Index; Worldwide Political Science Abstracts
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
title	The International Effects of China's Growth, Trade and Education Booms
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