Exporting and firm performance : Chinese exporters and the Asian financial crisis / Albert Park ... [et al.]
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14632.Publication details: Cambridge, MA : National Bureau of Economic Research, 2009Description: 34 p. : ill. ; 22 cmSubject(s): Exports -- China -- Econometric models | Industrial productivity -- China -- Econometric models | Financial crises -- AsiaLOC classification: HB1 | .N38 no.14632Online resources: Click here to access online Summary: We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and that export growth leads to increases firm productivity and other firm performance measures. Consistent with "learning-by-exporting", the productivity impact of export growth is greater when firms export to more developed countries.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|---|
Book
|
University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no.14632 (Browse shelf (Opens below)) | 1 | Available | 0013125644 |
Includes bibliographical references (p. 31-34).
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and that export growth leads to increases firm productivity and other firm performance measures. Consistent with "learning-by-exporting", the productivity impact of export growth is greater when firms export to more developed countries.
There are no comments on this title.