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Since the global crisis, China's foreign trade is no longer driven by its involvement in the global supply chains (i.e. by processing trade) but its dynamics stems from China’s own domestic demand and supply. For foreign funded enterprises, China is less and less a production base for export...
Persistent link: https://www.econbiz.de/10011235040
We investigate how the export performance of firms in China is influenced by credit constraints. Using panel data from Chinese customs for 1997-2007, we show that credit constraints restrict international trade flows and affect the sectoral composition of firms’ activity. We confirm that...
Persistent link: https://www.econbiz.de/10008861793
part in China’s imports and industrial production. China’s policy towards FDI is at least as important as its exchange rate …
Persistent link: https://www.econbiz.de/10008861801
We describe the methodology used to construct a global database of foreign direct investments in three dimensions (investor country, host country and sector) for 2004. Based on Eurostat data, we estimate theoretical investments for all countries. Then we constrain our estimates subject to...
Persistent link: https://www.econbiz.de/10010604042
Since 2007 China has considerably reduced its external global imbalances. Its bilateral trade surpluses with the EU and the US have persisted because the rise of China’s import demand has mainly benefited its Asian neighbors and the resource rich countries. The rapid growth of China’s...
Persistent link: https://www.econbiz.de/10010604048
Our work contributes to the literature relating output structure and economic development by showing that growth gains from upgrading are not unconditional. Relying on data from a panel of Chinese cities, we show that the level of capabilities available for domestic firms operating in ordinary...
Persistent link: https://www.econbiz.de/10010827749
Technological and informational spillovers from multinational firms can be particularly beneficial to domestic firms especially in less developed economies. The technological superiority and management experience of foreign multinational firms yield various opportunities for learning. Yet, the...
Persistent link: https://www.econbiz.de/10008493435
is an important determinant of its impact at home. Market-seeking FDI in manufacturing is associated with significant … scale effects, resulting in job creation. By contrast, factor-seeking FDI in manufacturing has no significant effect on … employment. However, there is some evidence that this type of FDI is associated with technology effects, in the form of greater …
Persistent link: https://www.econbiz.de/10008464317
’s performance can be explained by the aggregation of heterogeneous effects depending on the FDI motives, sectors and locations …. Results suggest, in line with previous work, that on average Japanese outward FDI has limited effects (whether positive or … of FDI to low income countries, for which a contraction of employment and investment and exports is observed. By contrast …
Persistent link: https://www.econbiz.de/10008464319
Persistent link: https://www.econbiz.de/10005607299