How political conflicts distort bilateral trade: Firm-level evidence from China
How political conflicts distort bilateral trade: Firm-level evidence from China
复制标题
政治冲突如何扭曲双边贸易：来自中国的企业层面证据
DOI：
10.1016/j.jebo.2021.01.003
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发表时间：
2021-03-01
影响因子：
2.2
通讯作者：
Zhao, Laixun
中科院分区：
文献类型：
--
作者：
Li, Yuhua;Jian, Ze;Zhao, Laixun
我们研究了政治冲突是如何影响贸易的，使用了衡量全球日常政治冲突的戈尔茨坦评分和中国进口的公司-国家-产品水平数据。我们发现，政治冲突总体上减少了中国的进口。具体来说，(1)国有企业（soe）的进口减少最多，而且影响主要落在中间产品的进口上，而对资本货物的影响不大；（二）外商投资企业受到的负面影响较小，因为外商投资企业的贸易多为加工贸易，受政治冲突的负面影响小于普通贸易。这些结果是通过贸易模式（加工与普通）、广泛经济类别（BEC）的变化以及进口抵制和出口管制的机制获得的。(C) 2021 Elsevier B.V.版权所有
We examine how political conflicts affect trade, using both the Goldstein score that scales all political conflicts daily worldwide and the firm-country-product level data of Chinese imports. We find that political conflicts reduce Chinese imports in general. Specifically, (i) the imports of State-owned enterprises (SOEs) are most reduced, and the effects mostly fall on imports of intermediate goods while not so much on capital goods; (ii) foreign-invested enterprises (FIEs) are less negatively affected, because most of their trade is processing, which is less negatively affected by political conflicts than ordinary trade. These results are obtained via mechanisms in the mode of trade (processing vs. ordinary), variations in broad economic categories (BEC) and import boycotts and export controls. (C) 2021 Elsevier B.V. All rights reserved.