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We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161
local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used … scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and …
Persistent link: https://www.econbiz.de/10015056127
rest of world. Most countries export products that complement the US and substitute China, and a subset operate along … downward-sloping supplies. Heterogeneity in responses, rather than specialization, drives export variation across countries …
Persistent link: https://www.econbiz.de/10012794590
examining the 2013-2015 export slowdown in China. We exploit detailed customs data and the variation they reveal about Chinese …. Prefectures that experienced a more severe export slowdown witnessed a significant increase in incidents of labor strikes. This … be predicted from the observed export slowdown, suggesting that local leaders were held to account on yardsticks related …
Persistent link: https://www.econbiz.de/10012479875
decision by both state controlled and private entities to export in a model with labor adjustment costs. In this complex … environment, a simple decision rule whereby export status depends only on current productivity does not hold. Nor does this rule … match data patterns. The estimated model is used to understand the factors that influence export status. The analysis …
Persistent link: https://www.econbiz.de/10012482507
their mode of export - either directly or indirectly through an intermediary. The model predicts that intermediaries will be …
Persistent link: https://www.econbiz.de/10012462946
and joint ventures trade more and import more products from more source countries, but export fewer products to fewer … international trade and the importance of foreign ownership for firms' export and import decisions …
Persistent link: https://www.econbiz.de/10012463400
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct … outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and … that export growth leads to increases firm productivity and other firm performance measures. Consistent with "earning …
Persistent link: https://www.econbiz.de/10012464017
predicts that China's share of export markets should grow most rapidly where China's share is initially large. A corollary is … product, China's export unit values should be increasing in distance. We find strong support for this effect in our empirical …
Persistent link: https://www.econbiz.de/10012464686