Ma, Yue; Tang, Heiwai; Zhang, Yifan - Hong Kong Institute for Monetary Research (HKIMR), … - 2012
Using Chinese manufacturing firm data over the period of 1998-2007, we find that firms become less capital-intensive after exporting, compared to similar non-exporting firms. To rationalize this finding that contrasts with existing evidence for most countries, we develop a variant of the...