Under a heterogeneous firm analysis framework,this paper creates a theoretical model to investigate how trade liberalization of intermediates influences the technology choice of firms based on the data of Chinese manu...Under a heterogeneous firm analysis framework,this paper creates a theoretical model to investigate how trade liberalization of intermediates influences the technology choice of firms based on the data of Chinese manufacturers during 2000-2006.According to our empirical result,after China's WTO entry,trade liberalization of intermediates significantly induced Chinese exporters to apply advanced technologies.In our further consideration of the differentiated productivity of firms,we found that such an effect is related to the initial productivity of firms and only significantly induces mediumproductivity firms to upgrade their technologies.In addition,the technology-promotion effect of trade liberalization of intermediates is the most significant for technology-intensive exporters and the least significant for labor-intensive exporters.展开更多
The Belt and Road Initiative(BRI)offers investment opportunities for several Eurasian countries but not all of them attract investments in the same way.This paper investigates the geographical distribution of BRI proj...The Belt and Road Initiative(BRI)offers investment opportunities for several Eurasian countries but not all of them attract investments in the same way.This paper investigates the geographical distribution of BRI projects completed between 2013 and 2020.The analysis shows that pre-existing trade patterns are related to the likelihood of a country receiving completed BRI projects.We single out and provide evidence in support of five stylized facts.First,BRI countries with completed projects tend to be poorer and larger.Second,projects are more likely to occur in countries with intense intermediate trade with China.Third,the countries that received projects have more diversified export structures and their sectoral specialization overlaps with that of China.Fourth,among middle-high-income countries,the allocation ofprojects tends to favor those with high levels of intra-industry trade.Fifth,among BRI countries with projects,the complexity or sophistication of the goods traded increases faster with income.These findings suggest that fostering trade integration has direct benefits and may also contribute to further BRI investments.展开更多
文摘Under a heterogeneous firm analysis framework,this paper creates a theoretical model to investigate how trade liberalization of intermediates influences the technology choice of firms based on the data of Chinese manufacturers during 2000-2006.According to our empirical result,after China's WTO entry,trade liberalization of intermediates significantly induced Chinese exporters to apply advanced technologies.In our further consideration of the differentiated productivity of firms,we found that such an effect is related to the initial productivity of firms and only significantly induces mediumproductivity firms to upgrade their technologies.In addition,the technology-promotion effect of trade liberalization of intermediates is the most significant for technology-intensive exporters and the least significant for labor-intensive exporters.
文摘The Belt and Road Initiative(BRI)offers investment opportunities for several Eurasian countries but not all of them attract investments in the same way.This paper investigates the geographical distribution of BRI projects completed between 2013 and 2020.The analysis shows that pre-existing trade patterns are related to the likelihood of a country receiving completed BRI projects.We single out and provide evidence in support of five stylized facts.First,BRI countries with completed projects tend to be poorer and larger.Second,projects are more likely to occur in countries with intense intermediate trade with China.Third,the countries that received projects have more diversified export structures and their sectoral specialization overlaps with that of China.Fourth,among middle-high-income countries,the allocation ofprojects tends to favor those with high levels of intra-industry trade.Fifth,among BRI countries with projects,the complexity or sophistication of the goods traded increases faster with income.These findings suggest that fostering trade integration has direct benefits and may also contribute to further BRI investments.
