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Regulated Efficiency, World Trade Organization Accession, and the Motor Vehicle Sector in China
World Bank Economic Review
This paper 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 accessiondoi:10.1093/wber/lhh034 fatcat:gd3mw2673jbufbz7o3cw743owq