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

在这一年里，我主要利用前一年构建的面板数据集进行了实证分析。为了确定汇率变动对企业出口的因果关系，研究中使用的主要识别策略是差异。今年，我还邀请了香港大学的朱晓东教授在中央大学举办了一个研讨会，他发表了与我的研究主题密切相关的论文《金融、管理投入与错配》。朱教授在日本逗留期间，我们举行了几次研究会议，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，这对我的研究工作有很大的帮助。

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.