In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity model with the exchange rate. Using an industrial panel...

In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity model with the exchange rate. Using an industrial panel...

How do reductions in input trade costs affect firm's sales decision between domestic and foreign markets? By using Chinese firm-level production data and transaction-level trade data during 2000-2006 to construct firm-specific input trade costs, we find rich evidence that a reduction in input...

Chapter 1. Processing Trade, Trade Liberalisation, and Opening Up: China’s Miracle of International Trade -- Chapter 2. Import, Firm Productivity, and Product Complexity -- Chapter 3. Trade Liberalization, Product Complexity, and Productivity Improvement: Evidence from Chinese Firms. - Chapter...

This paper proposes a new channel on the causal relation between trade liberalization and labor share changes. Since China’s accession to the WTO, a rise in market concentration and a decline in labor share have been observed in the manufacturing sectors in China. Using the Chinese...