This paper investigates firm-level environmental responses to China’s export value-added tax (VAT) rebate reduction policy launched in 2007. Using the matched dataset of firms’ production, pollution, and export structure, we employ a difference-in-differences a strategy that exploits...

To what extent does trade liberalization affect the spatial expansion of the banking sector? This paper empirically examines the impact of tariff reductions for exporters on the spatial pattern of bank branching using geo-referenced information on branches of China’s state-owned and...

Using China’s accession to WTO in 2001 as an episode for trade liberalization, this paper empirically investigates whether export expansions affect firms’ markup adjustments through local production networks. Following Helm (2020), we construct indirect local export exposure measures to...

This paper examines the impact of capital imports on firms’ export quality upgrading with a subsidy policy for advanced capital imports implemented in China since 2008. Using a matched dataset of firms’ production and custom databases, we employ a DiD strategy that exploits firms’...