Institutional Distortions and Trade Elasticity of Exchange Rate: Micro-level Evidence from China

制度扭曲与汇率贸易弹性：来自中国的微观证据

• 批准号: 21K13294
• 负责人: 章 沙娟
• 金额: $ 2.83万
• 依托单位: Chuo University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Early-Career Scientists
• 财政年份: 2021
• 资助国家: 日本
• 起止时间: 2021-04-01 至 2024-03-31
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-21K13294/
• 关键词: empirical analysis; causal effect; dataset construction; exchange rate elasticity; exports; firms; distortions

In this year, I mainly conducted an empirical analysis by using the panel dataset constructed in the previous. To identify the causal effect of exchange rate changes on firm exports, the main identification strategy used in the research is difference in difference.In this year, I also invited Professor Xiaodong Zhu from the University of Hong Kong to have a seminar in Chuo university, and he presented his paper titled "Finance, Managerial Inputs, and Misallocation" which was closely related to my research topic. During Professor Zhu's stay in Japan, we had several research meetings to discuss the construction of models, important variables, and empirical methodologies. I received valuable insights from him, which greatly contributed to the improvement of my research.

今年我主要利用之前构建的面板数据集进行了实证分析。为了识别汇率变化对企业出口的因果效应，研究中主要采用的识别策略是“差异中的差异”。今年，我还邀请了香港大学的朱晓东教授到中央大学做研讨会，他发表了与我的研究主题密切相关的论文《Finance, Managerial Inputs, and Misallocation》。朱教授在日本期间，我们召开了几次研究会议，讨论模型的构建、重要变量和实证方法。我从他那里得到了宝贵的见解，这极大地促进了我研究的进步。