China's Current Account Surplus and Income Inequality: A Theoretical Examination using Tradable-Nontradable Goods Model

2015 Fiscal Year Final Research Report

• Project/Area Number: 24730282
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Public finance/Monetary economics
• Research Institution: Doshisha University
• Principal Investigator: Iokibe Shingo 同志社大学, 商学部, 准教授 (30411060)
• Project Period (FY): 2012-04-01 – 2016-03-31
• Keywords: 世界的経常収支不均衡 / 中国の経常収支黒字 / 一人当たり実質GDP / 対外純資産 / 銀行貸出 / 家計貯蓄率 / 消費関数

Outline of Final Research Achievements

The global imbalaces of the current accounts during the first half of 2000s resulted in the global financial crisis from 2007 to 2009. We explored the drivers of China's current acccount surpluses. In particular, we examined the causation between fast growth of Chinese economy and its current account surpluses.
We suggested three hypotheses on the driver of enlarging China's current account surpluses: (1)the rapid income growth from low level of per-capita real income which made household savings rate higher; (2)low level of net external asset position as a fraction of GDP; (3)low growth rate of domestic bank lending.

Free Research Field

国際金融論