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This paper uses newly available data on Chinese trade flows to establish novel and confirm existing stylized facts about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi-product firms that transact with a large number of countries. Second, the...
Persistent link: https://www.econbiz.de/10012463400
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for...
Persistent link: https://www.econbiz.de/10012464017
China's trade has three features: high incidence of re-exports through Hong Kong, high degree of trade related to ….S. data and accounting for re-exports, the U.S.-China trade balance has to be lowered by 35 percent. Foreign investments in … China accounted for 45 percent of China's exports. Foreign investments include foreign direct investment (FDI) and foreign …
Persistent link: https://www.econbiz.de/10012473253
The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries …-organized under Western management, Western legal institutions were introduced in China in form of courts and legal practices, and … foreigners in China were tried according to the laws of their country of origin (extraterritoriality). To better understand the …
Persistent link: https://www.econbiz.de/10012481413
The rise of China in world trade has brought both benefits and anxiety to other economies. For many policy questions …. By our estimation, the share of domestic content in exports by the PRC was about 50% before China's WTO membership, and …
Persistent link: https://www.econbiz.de/10012464536
. While the substantial presence of FIEs has contributed greatly to the recent export-led growth of China, an important …
Persistent link: https://www.econbiz.de/10012465274
This paper presents assesses of the contribution of inward FDI to China's recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China's exports and 60% of China's imports. Their share in Chinese … results indicate that China's FIEs may have contributed over 40% of China's economic growth in 2003 and 2004, and without this …
Persistent link: https://www.econbiz.de/10012466419
Virtually all theories of economic growth predict a positive relationship between population size and productivity. In this paper I study a particular historical episode to provide direct evidence for the empirical relevance of such scale effects. In the aftermath of the Second World War about...
Persistent link: https://www.econbiz.de/10012660007
During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10012477813
in growth for developing countries in aggregate. The rapid rise of China may hurt some developing countries in the short …
Persistent link: https://www.econbiz.de/10012466631