| Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China (2004) | |||||||||||||
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| This article is concerned with the interaction of regulated efficiency and World Trade Organization (wto) accession and its impact on China's motor vehicle sector. The analysis is conducted using a 23 sector–25 region computable general equilibrium model. Regulatory reform and internal restructuring are found to be critical. Restructuring is represented by a cost reduction following from consolidation and rationalization that moves costs toward global norms. Without restructuring, wto accession means a surge of final imports, though imports of parts could well fall as production moves offshore. However, with restructuring, the final assembly industry can be made competitive by world standards, with a strengthened position for the industry. | |||||||||||||
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