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国际经济学workshop：Techno-industrial FDI Policy and China’s Export Surge
发布日期：2018-05-10 11:03 来源：大陆成人直播-成人直播中文
时间：2018年5月10日（周四）10：00－11：30 am
地点：北京大学斯坦福中心M11教室
主持人：余淼杰 余昌华
主讲人：Mary E. Lovely（Syracuse University）
题目：Techno-industrial FDI Policy and China’s Export Surge
摘要：Researchers emphasize productivity growth of China’s domestic enterprises as well as the granting of permanent trade relations as causes of China’s export surge to the U.S. after 2000. Less well understood is the role of Chinese industrial policy as embodied in its regulation of foreign direct investment, which encourages development of high-technology industries. This gap is troubling, since about half of Chinese exports between 2000 and 2008 originated in foreign- owned enterprises. This paper uses a quasi-natural-experiment approach to assess the effect of changes in Chinese foreign investment policies in 2002, 2004, and 2007 on Chinese exports. Our differences-in-differences analysis strongly supports the view that Chinese FDI policies are effective in promoting exports. We find that favorable treatment of foreign investment in a particular sector promotes entry of foreign firms that export, and that it raises export values in the targeted industry. Results from triple-differenced analysis show that foreign-owned exporters increase in number when such investment is encouraged and that these firms increase the value of their exports relative to their domestic peers. Using detailed China Customs data, we find that preferential treatment of an industry increases its exports at both the intensive and extensive margin and is particularly effective in raising exports to the U.S. Overall, we estimate that changes in FDI policy explain almost one-quarter of China’s export surge and shifted China’s export composition toward high-technology industries. These results are relevant for current discussion of how China uses investment policy to shape its international competitiveness.
主讲人简介：Mary E. Lovely, nonresident senior fellow, is professor of economics and Melvin A. Eggers Faculty Scholar at Syracuse University's Maxwell School of Citizenship and Public Affairs, where she combines interests in international economics and China’s development. From 2011-2015, she served as co-editor of the China Economic Review. Her current research projects investigate the effect of China’s foreign direct investment policies on trade flows and entry mode, the relationship between proximity to export markets and cross-city wage variation, and the influence of Chinese tariff reductions on labor shares of value in its manufacturing firms. She recently completed studies of American manufacturing employment and outsourcing to low-income countries, the role of intellectual returnees in the success of China’s photovoltaic solar industry, and the structure of Chinese reforms of state-owned enterprises. Lovely earned her PhD in economics at the University of Michigan, Ann Arbor and a master's degree in city and regional planning from Harvard University. She has taught at Syracuse University since 1988.
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大陆成人直播
-
国际经济学workshop：Techno-industrial FDI Policy and China’s Export Surge
发布日期：2018-05-10 11:03 来源：大陆成人直播-成人直播中文
时间：2018年5月10日（周四）10：00－11：30 am
地点：北京大学斯坦福中心M11教室
主持人：余淼杰 余昌华
主讲人：Mary E. Lovely（Syracuse University）
题目：Techno-industrial FDI Policy and China’s Export Surge
摘要：Researchers emphasize productivity growth of China’s domestic enterprises as well as the granting of permanent trade relations as causes of China’s export surge to the U.S. after 2000. Less well understood is the role of Chinese industrial policy as embodied in its regulation of foreign direct investment, which encourages development of high-technology industries. This gap is troubling, since about half of Chinese exports between 2000 and 2008 originated in foreign- owned enterprises. This paper uses a quasi-natural-experiment approach to assess the effect of changes in Chinese foreign investment policies in 2002, 2004, and 2007 on Chinese exports. Our differences-in-differences analysis strongly supports the view that Chinese FDI policies are effective in promoting exports. We find that favorable treatment of foreign investment in a particular sector promotes entry of foreign firms that export, and that it raises export values in the targeted industry. Results from triple-differenced analysis show that foreign-owned exporters increase in number when such investment is encouraged and that these firms increase the value of their exports relative to their domestic peers. Using detailed China Customs data, we find that preferential treatment of an industry increases its exports at both the intensive and extensive margin and is particularly effective in raising exports to the U.S. Overall, we estimate that changes in FDI policy explain almost one-quarter of China’s export surge and shifted China’s export composition toward high-technology industries. These results are relevant for current discussion of how China uses investment policy to shape its international competitiveness.
主讲人简介：Mary E. Lovely, nonresident senior fellow, is professor of economics and Melvin A. Eggers Faculty Scholar at Syracuse University's Maxwell School of Citizenship and Public Affairs, where she combines interests in international economics and China’s development. From 2011-2015, she served as co-editor of the China Economic Review. Her current research projects investigate the effect of China’s foreign direct investment policies on trade flows and entry mode, the relationship between proximity to export markets and cross-city wage variation, and the influence of Chinese tariff reductions on labor shares of value in its manufacturing firms. She recently completed studies of American manufacturing employment and outsourcing to low-income countries, the role of intellectual returnees in the success of China’s photovoltaic solar industry, and the structure of Chinese reforms of state-owned enterprises. Lovely earned her PhD in economics at the University of Michigan, Ann Arbor and a master's degree in city and regional planning from Harvard University. She has taught at Syracuse University since 1988.
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