WTO Accession and Performance of Chinese Manufacturing Firms
WTO Accession and Performance of Chinese Manufacturing Firms
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DOI：
10.1257/aer.20121266
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发表时间：
2017-09-01
影响因子：
10.7
通讯作者：
Zhang, Yifan
中科院分区：
文献类型：
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作者：
Brandt, Loren;Van Biesebroeck, Johannes;Zhang, Yifan
我们研究了中国贸易自由化对制造企业加成率和生产率演变的影响。虽然当用收入衡量企业产出时，这些绩效维度无法单独确定，但详细的价格平减指数可以估计关税削减对两者的平均影响。出现了一些新的发现。首先，削减产出关税会降低加价，但会提高生产率。其次，对于现有企业来说，促进竞争的效果最为重要，而对于新进入者来说，效率提升则占主导地位。第三，投入关税的削减提高了加成率和生产率。我们重点介绍在中国背景下解释这些发现的机制。
We examine the effects of trade liberalization in China on the evolution of markups and productivity of manufacturing firms. Although these dimensions of performance cannot be separately identified when firm output is measured by revenue, detailed price deflators make it possible to estimate the average effect of tariff reductions on both. Several novel findings emerge. First, cuts in output tariffs reduce markups, but raise productivity. Second, pro-competitive effects are most important among incumbents, while efficiency gains dominate for new entrants. Third, cuts in input tariffs raise both markups and productivity. We highlight mechanisms that explain these findings in the Chinese context.