Research, Hong Kong Institute for Monetary and Financial - 2022
Studi Luca d'Agliano).This paper uses detailed product-level export data for China and proposes an extension of the Antràs … direct investment (FDI) versus foreign outsourcing. We exploit the coexistence of two regulatory trade regimes for export …-processing in China, pure-assembly and import-and-assembly. We find that if Chinese plants import materials and assemble them, the …