How Do China's Importing Firms Respond to Non‐tariff Measures?
How Do China's Importing Firms Respond to Non‐tariff Measures?
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DOI：
10.1111/cwe.12379
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发表时间：
2021-07
影响因子：
3.1
通讯作者：
Xiaodan Hu;Yunhua Tian;Yanping Zhou;Lu Feng
中科院分区：
文献类型：
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作者：
Xiaodan Hu;Yunhua Tian;Yanping Zhou;Lu Feng
1995年世界贸易组织(WTO)成立后，大多数国家逐渐将进口关税降至较低水平。然而，关税的降低不能简单地解读为贸易壁垒的减少。事实上，许多人怀疑各国倾向于使用更多的非关税措施(NTM)，以取代关税壁垒，以保护其国内经济。本文利用最新编制和细化的中国非关税壁垒数据，结合高度细分的企业进口数据和制造业企业经营数据，考察了中国的进口相关非关税壁垒对企业进口的影响。主要的实证结果表明，在关税壁垒的情况下，中国的贸易政策非关税壁垒主要抑制企业的中间产品进口。相比之下，中国的公共政策非关税措施显著改善了企业中间产品进口的密集和广泛利润率，并提高了进口投入品的价格和质量。企业从事加工贸易的程度越大，公共政策非关税壁垒对企业中间投入品进口利润率的促进作用就越大，对企业进口投入品的价格和质量的限制作用就越大。
After the formation of the World Trade Organization (WTO) in 1995, most countries gradually reduced their import tariffs to a fairly low level. However, the reduced tariffs could not be simply read as a reduction in trade barriers. Indeed, many suspect that countries tend to use more non‐tariff measures (NTMs), substituting them for tariff barriers, to protect their domestic economies. This paper uses newly compiled and detailed Chinese NTM data, together with highly disaggregated firm import data and manufacturing firm operational data, to investigate the impact of China's import‐related NTMs on firm imports. The main empirical results show that, as in the case of tariff barriers, China's trade policy NTMs mainly inhibit firms’ intermediate imports. In contrast, China's public policy NTMs significantly improve the intensive and extensive margins of firm's intermediate imports and raise the prices and quality of imported inputs. The greater the extent to which a firm engages in processing trade, the larger is the promoting effect of public policy NTMs on the firm's import margins for intermediate inputs, and the greater is the restricting effect on the prices and the quality of the firm's imported inputs.