This paper represents an attempt to test the relationship between the exports and productivity of Chinese firms using the data set of nearly 3 million industrial firms in 20 industrial sectors over the period 1998-200...This paper represents an attempt to test the relationship between the exports and productivity of Chinese firms using the data set of nearly 3 million industrial firms in 20 industrial sectors over the period 1998-2007. Our test finds that non-export firms were more productive than export firms, and exports were negatively related to productivity-namely that the lower the productivity of a firm, the higher its exports. This finding is in contradiction with the hypothesis of new-new trade theory. The contradiction is referred to as the "productivity paradox" in this paper. Further tests find that firm size is a key factor affecting firm exports, but the impact of exports on firm productivity is insignif icant. This paper reckons that the "productivity paradox" of Chinese export firms may be attributed to the disproportionate share of processing trade in export trade.展开更多
Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China&...Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China's comparative advantages from the perspective of value-added trade. Our research findings suggest that without taking into account heterogeneity in firm's sales destinations and trade patterns,China's RVAE will be overestimated. Conventional gross trade accounting underestimates the export competitiveness of China's labor-intensive and capital intensive sectors, but overestimates the export competitiveness of China's technology-intensive sectors,which leads to a significant reversal of comparative advantages. Conventional gross trade accounting method overestimates the trade surplus of China's manufacturing and technology-intensive sectors with the US by about 60% and 85% respectively.展开更多
多产品企业产品种类调整有助于实现企业内资源优化配置。文章匹配2001—2013年中国工业企业数据、海关进出口产品数据与WITS关税数据,以中国-东盟《框架协议》签署作为准自然实验,通过双重差分的方法探究区域贸易政策不确定性对中国多...多产品企业产品种类调整有助于实现企业内资源优化配置。文章匹配2001—2013年中国工业企业数据、海关进出口产品数据与WITS关税数据,以中国-东盟《框架协议》签署作为准自然实验,通过双重差分的方法探究区域贸易政策不确定性对中国多产品企业出口产品种类的影响。实证结果表明,《框架协议》签署带来的区域贸易政策不确定性下降促使中国多产品企业显著增加出口产品种类,与Bernard et al.(2011)基于美加自由贸易区的研究结果形成了鲜明对比,主要原因在于东盟市场与北美市场的规模、产品结构等方面存在显著差异。此外,区域贸易政策不确定性下降对采取不同竞争策略的多产品企业出口种类的影响存在显著差异,采取质量竞争策略的多产品企业比采取数量竞争策略的多产品企业在《框架协议》签署的外生冲击下,增加更多的出口产品种类。此外,《框架协议》签署对区域贸易政策不确定性下降幅度更大的多产品企业出口产品种类的促进作用更加明显。进一步,《框架协议》签署带来的区域贸易政策不确定性下降对多产品企业出口产品种类增加的影响主要通过创新效应发生作用,而学习效应没有显著的作用。以上结论在稳健性检验中仍然成立。该研究为中国实施FTA战略、评估RCEP政策,以及理解中国制造业企业的出口多样化和企业内产品组合决策提供了新的视角。展开更多
基金funded by the bigness program of Institute of World Economics and Politics at the Chinese Academy of Social Sciencethe Center for International Competitiveness of Chinese Economy under the "985 Program" of Fudan University for providing the invaluable data used in this paper
文摘This paper represents an attempt to test the relationship between the exports and productivity of Chinese firms using the data set of nearly 3 million industrial firms in 20 industrial sectors over the period 1998-2007. Our test finds that non-export firms were more productive than export firms, and exports were negatively related to productivity-namely that the lower the productivity of a firm, the higher its exports. This finding is in contradiction with the hypothesis of new-new trade theory. The contradiction is referred to as the "productivity paradox" in this paper. Further tests find that firm size is a key factor affecting firm exports, but the impact of exports on firm productivity is insignif icant. This paper reckons that the "productivity paradox" of Chinese export firms may be attributed to the disproportionate share of processing trade in export trade.
基金supported by the Youth Program of the National Social Sciences Fund of China(NSSFC)"Study on the Real Interest Distribution Pattern of China's Trade Surplus under the New System of International Division of Labor"(Grant No.12CJY083)Basic Scientific Research Funding and Backbone Talent Support Program for Key Disciplines of Central Universities(Nankai University)"Study on Industrial Agglomeration,Financing Constraint and the Export Behaviors of Chinese Enterprises"(Grant No.NKZXA1405)the Collaborative Innovation Center for the Socialist Economy with Chinese Characteristics of Nankai University and the Center for Asian Studies,Nankai University(Grant No.AS1607)
文摘Based on heterogeneity in firm's sales destinations and trade patterns, this paper estimates China's ratio of value-added exports(RVAE) using value-added trade accounting, and discusses the evolution of China's comparative advantages from the perspective of value-added trade. Our research findings suggest that without taking into account heterogeneity in firm's sales destinations and trade patterns,China's RVAE will be overestimated. Conventional gross trade accounting underestimates the export competitiveness of China's labor-intensive and capital intensive sectors, but overestimates the export competitiveness of China's technology-intensive sectors,which leads to a significant reversal of comparative advantages. Conventional gross trade accounting method overestimates the trade surplus of China's manufacturing and technology-intensive sectors with the US by about 60% and 85% respectively.
文摘多产品企业产品种类调整有助于实现企业内资源优化配置。文章匹配2001—2013年中国工业企业数据、海关进出口产品数据与WITS关税数据,以中国-东盟《框架协议》签署作为准自然实验,通过双重差分的方法探究区域贸易政策不确定性对中国多产品企业出口产品种类的影响。实证结果表明,《框架协议》签署带来的区域贸易政策不确定性下降促使中国多产品企业显著增加出口产品种类,与Bernard et al.(2011)基于美加自由贸易区的研究结果形成了鲜明对比,主要原因在于东盟市场与北美市场的规模、产品结构等方面存在显著差异。此外,区域贸易政策不确定性下降对采取不同竞争策略的多产品企业出口种类的影响存在显著差异,采取质量竞争策略的多产品企业比采取数量竞争策略的多产品企业在《框架协议》签署的外生冲击下,增加更多的出口产品种类。此外,《框架协议》签署对区域贸易政策不确定性下降幅度更大的多产品企业出口产品种类的促进作用更加明显。进一步,《框架协议》签署带来的区域贸易政策不确定性下降对多产品企业出口产品种类增加的影响主要通过创新效应发生作用,而学习效应没有显著的作用。以上结论在稳健性检验中仍然成立。该研究为中国实施FTA战略、评估RCEP政策,以及理解中国制造业企业的出口多样化和企业内产品组合决策提供了新的视角。
