government machinery is geared to export promotion especially through direct and indirect subsidies. Surprisingly, these policies … the impact of two such schemes - export financing and rebate/refund schemes - on export performance. Our analysis shows … that, over the long run, the export financing scheme had a negative effect on exports while the rebate/refund scheme …

export tax changes benefited China and nullified the benefits to the rest of the world of China’s trade liberalization. We … lost as much as 2/3 of their gain from China’s tariff reductions. We show that some export taxes moved toward China …’s optimal export taxes while others moved away, mitigating the welfare effect on China …