|
Deep Blue at the University of Michigan >
All Collections >
International Policy Center - Working Paper Series >
|
Please use this persistent URL to cite or link to this item:
|
| Title: | Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis |
| Authors: | Park, Albert
Yang, Dean
Shi, Xinzheng
Jiang, Yuan |
| Keywords: | exports, productivity, China, exchange rate shocks, Asian financial crisis |
| Issue Date: | 6-Apr-2006 |
| Series/Report no.: | 003 |
| Abstract: | This paper analyzes firm panel data to examine how export demand shocks associated with the 1997 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 in magnitude, they are an ideal instrument for identifying the impact of exporting on firm productivity and other performance measures. For the period 1995 to 1998, we estimate an elasticity of Chinese exports with respect to a foreign trading partner’s real exchange rate of -0.48. Exporting is found to significantly boost a firm’s total factor productivity, net value added per worker, total sales, and return on assets. |
| URI: | http://hdl.handle.net/2027.42/21612 |
| Appears in Collections: | International Policy Center - Working Paper Series
Institute for Social Research (ISR)
|
Files in This Item:
| File |
Description |
Size | Format | |
|---|
| IPC-working-paper-003-parkyangshijiang_expprod.pdf | | 199Kb | Adobe PDF | View/Open |
|
Deep Blue encourages the fair use of copyrighted material, and you are free to link to content here without asking for permission. Consult the document(s) and/or contact the copyright holder for additional rights questions and requests.
|
