Impacts of trade liberalization with China and Chinese FDI on Laos : evidence from the CGE model
Related Research Unit(s)
|Journal / Publication||Journal of Chinese Economic and Business Studies|
|Publication status||Published - 3 Jul 2017|
|Link to Scopus||https://www.scopus.com/record/display.uri?eid=2-s2.0-85023755642&origin=recordpage|
past two decades. In particular, the amount of FDI in Laos quickly jumps by more than 100% in 2014, because of massive increases in Chinese FDI. This paper summarizes major policies in Laos on trade liberalization and FDI and applies Computable General Equilibrium model to estimate how trade liberalization with China and Chinese FDI would affect Laos in terms of economic performance, outputs on various sectors, and poverty reduction. Our results show the
following interesting findings: (a) both have positive impacts on overall economic performance; (b) some sectors in Laos have their outputs declined by trade liberalization with China; (c) both have positive impacts on reducing poverty in Laos but Chinese FDI is more able to narrow income gap in the country.
- CGE model, China, foreign direct investment (FDI), Laos, Trade liberalization
Impacts of trade liberalization with China and Chinese FDI on Laos : evidence from the CGE model. / Kyophilavong, Phouphet; Wong, Michael C. S.; Souksavath, Somchith; Xiong, Bin.In: Journal of Chinese Economic and Business Studies, Vol. 15, No. 3, 03.07.2017, p. 215-228.