Why will Trump lose the trade war?
Publication in refereed journal

香港中文大學研究人員
替代計量分析
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其它資訊
摘要The escalating U.S.–China trade conflicts have increasingly shadowed the outlook of the world economy. The Trump administration aims to achieve its strategic goals including reducing current account deficits, promoting the U.S. manufacturing sector, and curbing Chinese high-tech industries by waging the trade war against China. This paper argues that the current account deficits and the declining manufacturing sector in the U.S. are mainly driven by its internal structural factors, such as low saving rates, high labor costs, and rising service sector, rather than by the import competition from China. Moreover, the trade war further deteriorates the U.S. current account deficits and erode its comparative advantage, and it forces China to invest more in technological innovation and human capital, and thus promote its progress in high-tech industries. Thus, the U.S. will not be able to achieve its strategical goals and eventually lose the trade war.
出版社接受日期28.06.2019
著者Liugang Sheng, Hongyan Zhao, Jing Zhao
期刊名稱China Economic Journal
出版年份2019
月份6
卷號12
期次2
出版社Taylor & Francis (Routledge)
出版地United Kingdom
頁次137 - 159
國際標準期刊號1753-8963
語言美式英語
關鍵詞Trade policy, tariff, current account, technological progress

上次更新時間 2021-07-05 於 01:15