NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Shang-Jin Wei

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers

June 2014Global Value Chains and Effective Exchange Rates at the Country-Sector Level
with Nikhil Patel, Zhi Wang, Shang-Jin Wei: w20236
March 2014One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?
with Yongheng Deng, Xin Liu, Shang-Jin Wei: w19974
November 2013Quantifying International Production Sharing at the Bilateral and Sector Levels
with Zhi Wang, Shang-Jin Wei, Kunfu Zhu: w19677
The Economics of China: Successes and Challenges
with Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, Xiaobo Zhang: w19648
August 2013Roads and the Real Exchange Rate
with Qingyuan Du, Shang-Jin Wei, Peichu Xie: w19291
March 2013A Theory of the Competitive Saving Motive
with Qingyuan Du, Shang-Jin Wei: w18911

Published: Du, Qingyuan & Wei, Shang-Jin, 2013. "A theory of the competitive saving motive," Journal of International Economics, Elsevier, vol. 91(2), pages 275-289. citation courtesy of

December 2012Trade Reforms and Current Account Imbalances: When Does the General Equilibrium Effect Overturn a Partial Equilibrium Intuition?
with Jiandong Ju, Kang Shi, Shang-Jin Wei: w18653
When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads
with Jennie Bai, Shang-Jin Wei: w18600
November 2012Tracing Value-added and Double Counting in Gross Exports
with Robert Koopman, Zhi Wang, Shang-Jin Wei: w18579

forthcoming in the American Economic Review citation courtesy of

April 2012Status Competition and Housing Prices
with Shang-Jin Wei, Xiaobo Zhang, Yin Liu: w18000
December 2011Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels
with Hui Tong, Shang-Jin Wei: w17631
October 2011On the Connections between Intertemporal and Intra-temporal Trades
with Jiandong Ju, Kang Shi, Shang-Jin Wei: w17549

Published: Journal of International Economics Available online 7 January 2014

Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
with Amit K. Khandelwal, Peter K. Schott, Shang-Jin Wei: w17524

Published: Amit K. Khandelwal & Peter K. Schott & Shang-Jin Wei, 2013. "Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters," American Economic Review, American Economic Association, vol. 103(6), pages 2169-95, October. citation courtesy of

August 2011From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels
with Stijn Claessens, Hui Tong, Shang-Jin Wei: w17360

Published:

March 2011Firm Exports and Multinational Activity Under Credit Constraints
with Kalina Manova, Shang-Jin Wei, Zhiwei Zhang: w16905

Firm Exports and Multinational Activity under Credit Constraints” Review of Economics and Statistics (forthcoming). (with Shang-Jin Wei and Zhiwei Zhang)

February 2011Sex Ratios, Entrepreneurship, and Economic Growth in the People's Republic of China
with Shang-Jin Wei, Xiaobo Zhang: w16800
A Darwinian Perspective on "Exchange Rate Undervaluation"
with Qingyuan Du, Shang-Jin Wei: w16788
October 2010The Chinese Corporate Savings Puzzle: A Firm-level Cross-country Perspective
with Tamim Bayoumi, Hui Tong, Shang-Jin Wei: w16432

Published: The Chinese Corporate Savings Puzzle: A Firm-level Cross-Country Perspective, Tamim Bayoumi, Hui Tong, Shang-Jin Wei. in Capitalizing China, Fan and Morck. 2013

September 2010Give Credit Where Credit Is Due: Tracing Value Added in Global Production Chains
with Robert Koopman, William Powers, Zhi Wang, Shang-Jin Wei: w16426
Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence
with Zhi Wang, Shang-Jin Wei, Anna Wong: w16390
May 2010A Sexually Unbalanced Model of Current Account Imbalances
with Qingyuan Du, Shang-Jin Wei: w16000
January 2010The Role of Intermediaries in Facilitating Trade
with JaeBin Ahn, Amit K. Khandelwal, Shang-Jin Wei: w15706

Published: Ahn, JaeBin & Khandelwal, Amit K. & Wei, Shang-Jin, 2011. "The role of intermediaries in facilitating trade," Journal of International Economics, Elsevier, vol. 84(1), pages 73-85, May. citation courtesy of

August 2009The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis
with Hui Tong, Shang-Jin Wei: w15207

Published: Hui Tong & Shang-Jin Wei, 2011. "The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis," Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 2023-2052. citation courtesy of

June 2009The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
with Shang-Jin Wei, Xiaobo Zhang: w15093

Published: Shang-Jin Wei & Xiaobo Zhang, 2011. "The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China," Journal of Political Economy, University of Chicago Press, vol. 119(3), pages 511 - 564. citation courtesy of

February 2009Introduction to "China's Growing Role in World Trade"
with Robert C. Feenstra, Shang-Jin Wei: w14716

Published: Introduction to "China's Growing Role in World Trade", Robert C. Feenstra, Shang-Jin Wei. in China's Growing Role in World Trade, Feenstra and Wei. 2010

December 2008The Value of Making Commitments Externally: Evidence from WTO Accessions
with Man-Keung Tang, Shang-Jin Wei: w14582

Published: Tang, Man-Keung & Wei, Shang-Jin, 2009. "The value of making commitments externally: Evidence from WTO accessions," Journal of International Economics, Elsevier, vol. 78(2), pages 216-229, July. citation courtesy of

October 2008A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
with Menzie D. Chinn, Shang-Jin Wei: w14420

Published: Review of Economics and Statistics March 2013, Vol. 95, No. 1, Pages 168-184 Posted Online March 19, 2013. (doi:10.1162/REST_a_00244) © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology A Faith-Based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment? Menzie D. Chinn University of Wisconsin, and NBER Shang-Jin Wei Columbia University and NBER

July 2008Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?
with Hui Tong, Shang-Jin Wei: w14205
June 2008How Much of Chinese Exports is Really Made In China? Assessing Domestic Value-Added When Processing Trade is Pervasive
with Robert Koopman, Zhi Wang, Shang-Jin Wei: w14109
May 2008Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
with Jeffrey A. Frankel, Shang-Jin Wei: w14016

Published: Jeffrey Frankel & Shang-Jin Wei, 2008. "Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights," IMF Staff Papers, Palgrave Macmillan Journals, vol. 55(3), pages 384-416, July. citation courtesy of

When Is Quality of Financial System a Source of Comparative Advantage?
with Jiandong Ju, Shang-Jin Wei: w13984

Published: Ju, Jiandong & Wei, Shang-Jin, 2011. "When is quality of financial system a source of comparative advantage?," Journal of International Economics, Elsevier, vol. 84(2), pages 178-187, July. citation courtesy of

February 2008What Accounts for the Rising Sophistication of China's Exports?
with Zhi Wang, Shang-Jin Wei: w13771

Published: What Accounts for the Rising Sophistication of China's Exports?, Zhi Wang, Shang-Jin Wei. in China's Growing Role in World Trade, Feenstra and Wei. 2010

January 2008How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?
with Woochan Kim, Taeyoon Sung, Shang-Jin Wei: w13721

Published: Woochan Kim, Taeyoon Sung, Shang-Jin Wei Does corporate governance risk at home affect investment choices abroad? ☆ Journal of International Economics, Volume 85, Issue 1, September 2011, Pages 25–41

September 2007The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques
with Raymond Fisman, Shang-Jin Wei: w13446

Published: Raymond Fisman & Shang-Jin Wei, 2009. "The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques," American Economic Journal: Applied Economics, American Economic Association, vol. 1(3), pages 82-96, July. citation courtesy of

Current Account Adjustment: Some New Theory and Evidence
with Jiandong Ju, Shang-Jin Wei: w13388
June 2007Domestic Institutions and the Bypass Effect of Financial Globalization
with Jiandong Ju, Shang-Jin Wei: w13148

Published: Jiandong Ju & Shang-Jin Wei, 2010. "Domestic Institutions and the Bypass Effect of Financial Globalization," American Economic Journal: Economic Policy, American Economic Association, vol. 2(4), pages 173-204, November. citation courtesy of

May 2007Assessing China's Exchange Rate Regime
with Jeffrey A. Frankel, Shang-Jin Wei: w13100

Published: Jeffrey A. Frankel & Shang-Jin Wei, 2007. "Assessing China's exchange rate regime," Economic Policy, CEPR, CES, MSH, vol. 22, pages 575-627, 07. citation courtesy of

Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China
with David Dollar, Shang-Jin Wei: w13103
April 2007Collateral Damage: Exchange Controls and International Trade
with Shang-Jin Wei, Zhiwei Zhang: w13020

Published: Wei, Shang-Jin & Zhang, Zhiwei, 2007. "Collateral damage: Exchange controls and international trade," Journal of International Money and Finance, Elsevier, vol. 26(5), pages 841-863, September. citation courtesy of

January 2007Outsourcing Tariff Evasion: A New Explanation for Entrepot Trade
with Raymond Fisman, Peter Moustakerski, Shang-Jin Wei: w12818

Published: Raymond Fisman & Peter Moustakerski & Shang-Jin Wei, 2008. "Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade," The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 587-592, 03. citation courtesy of

November 2006Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
with Shang-Jin Wei, Zhiwei Zhang: w12667

Published: Wei, Shang-Jin and Zhiwei Zhang. "Do external interventions work? The case of trade reform conditions in IMF supported programs." Journal of Development Economics 92, 1 (2010): 71-81. citation courtesy of

A Solution to Two Paradoxes of International Capital Flows
with Jiandong Ju, Shang-Jin Wei: w12668
August 2006Financial Globalization: A Reappraisal
with M. Ayhan Kose, Eswar Prasad, Kenneth S. Rogoff, Shang-Jin Wei: w12484

Published:

  • M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," IMF Staff Papers, Palgrave Macmillan Journals, vol. 56(1), pages 8-62, April. citation courtesy of
  • M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(2), pages 143-197, June. citation courtesy of

January 2006Service Offshoring and Productivity: Evidence from the United States
with Mary Amiti, Shang-Jin Wei: w11926

Published: Mary Amiti & Shang-Jin Wei, 2009. "Service Offshoring and Productivity: Evidence from the US," The World Economy, Blackwell Publishing, vol. 32(2), pages 203-220, 02.

May 2005The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
with Eswar Prasad, Shang-Jin Wei: w11306

Published: The Chinese Approach to Capital Inflows: Patterns and Possible Explanations, Eswar Prasad, Shang-Jin Wei. in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, Edwards. 2007

March 2005Pitfalls of a State-Dominated Financial System: The Case of China
with Genevieve Boyreau-Debray, Shang-Jin Wei: w11214
Slow Passthrough Around the World: A New Import for Developing Countries?
with Jeffrey A. Frankel, David C. Parsley, Shang-Jin Wei: w11199

Published: Jeffrey Frankel & David Parsley & Shang-Jin Wei, 2012. "Slow Pass-through Around the World: A New Import for Developing Countries?," Open Economies Review, Springer, vol. 23(2), pages 213-251, April. citation courtesy of

December 2004Financial Globalization, Growth and Volatility in Developing Countries
with Eswar S. Prasad, Kenneth S. Rogoff, Shang-Jin Wei, M. Ayhan Kose: w10942

Published: Financial Globalization, Growth and Volatility in Developing Countries, Eswar S. Prasad, Kenneth Rogoff, Shang-Jin Wei, M. Ayhan Kose. in Globalization and Poverty, Harrison. 2007

November 2004Managing Macroeconomic Crises
with Jeffrey A. Frankel, Shang-Jin Wei: w10907

Published: Aizenman, Joshua and Brian Pinto (eds.) Managing Economic Volatility and Crises: A Practitioner’s Guide. Cambridge: Cambridge University Press, 2005.

October 2004Fear of Service Outsourcing: Is It Justified?
with Mary Amiti, Shang-Jin Wei: w10808

Published: Amiti, Mary and Shang-Jin Wei. "Fear Of Service Outsourcing: Is It Justified?," Economic Policy, v20(42,Oct), 2005, 308-347. citation courtesy of

November 2003Monetary Policies for Developing Countries: The Role of Corruption
with Haizhou Huang, Shang-Jin Wei: w10093

Published: Huang, Haizhou and Shang-Jin Wei. “Monetary Policies for Developing Countries: The Role of Institutional Quality.” Journal of International Economics 70, 1 (September 2006): 239-252.

A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates
with David C. Parsley, Shang-Jin Wei: w10074

Published: DavidC. Parsley & Shang-Jin Wei, 2007. "A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates," Economic Journal, Royal Economic Society, vol. 117(523), pages 1336-1356, October. citation courtesy of

October 2003The WTO Promotes Trade, Strongly But Unevenly
with Arvind Subramanian, Shang-Jin Wei: w10024

Published: Subramanian, Arvind & Wei, Shang-Jin, 2007. "The WTO promotes trade, strongly but unevenly," Journal of International Economics, Elsevier, vol. 72(1), pages 151-175, May. citation courtesy of

March 2003Does Insider Trading Raise Market Volatility?
with Julan Du, Shang-Jin Wei: w9541

Published: Du, Julan and Shang-Jin Wei. "Does Insider Trading Raise Market Volatility?," Economic Journal, 2004, v114(498,Oct), 916-942. citation courtesy of

October 2002Transparency and International Investor Behavior
with R. Gaston Gelos, Shang-Jin Wei: w9260
November 2001Globalization and Inequality: Evidence from Within China
with Shang-Jin Wei, Yi Wu: w8611
October 2001Tax Rates and Tax Evasion: Evidence from "Missing Imports" in China
with Raymond Fisman, Shang-Jin Wei: w8551

Published: Fisman, Raymond and Shang-Jin Wei. "Tax Rates And Tax Evasion: Evidence From 'Missing Imports' In China," Journal of Political Economy, 2004, v112(2,Apr), 471-496. citation courtesy of

September 2001Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?
with Beata K. Smarzynska, Shang-Jin Wei: w8465

Published: Javorcik, Beata Smarzynska and Shang-Jin Wei, 2004. "Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?," Contributions to Economic Analysis & Policy, Berkeley Electronic Press, vol. 3(2): 1244-1244, (article 8)

Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach
with David C. Parsley, Shang-Jin Wei: w8468
March 2001Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises
with Shang-Jin Wei, Yi Wu: w8187

Published: Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises, Shang-Jin Wei, Yi Wu. in Preventing Currency Crises in Emerging Markets, Edwards and Frankel. 2002

October 2000Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence
with Beata K. Smarzynska, Shang-Jin Wei: w7969
August 2000Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography
with David C. Parsley, Shang-Jin Wei: w7836

Published: Parsley, David C. and Shang-Jin Wei. "Explaining The Border Effect: The Role Of Exchange Rae Variability, Shipping Costs, And Geography," Journal of International Economics, 2001, v55(1,Oct), 87-105. citation courtesy of

June 2000Natural Openness and Good Government
w7765
Quality of Bureaucracy and Open-Economy Macro Policies
with Chong-En Bai, Shang-Jin Wei: w7766
May 1999Offshore Investment Funds: Monsters in Emerging Markets?
with Woochan Kim, Shang-Jin Wei: w7133

Published: Kim, Woodchan and Shang-Jin Wei. "Offshore Investment Funds: Monsters In Emerging Markets?," Journal of Development Economics, 2002, v68(1,Jun), 205-224. citation courtesy of

April 1999Does "Grease Money" Speed Up the Wheels of Commerce?
with Daniel Kaufmann, Shang-Jin Wei: w7093
February 1999Foreign Portfolio Investors Before and During a Crisis
with Woochan Kim, Shang-Jin Wei: w6968

Published: Kim, Woochan and Shang-Jin Wei. "Foreign Portfolio Investors Before And During A Crisis," Journal of International Economics, 2002, v56(1,Jan), 77-96. citation courtesy of

September 1998Currency Hedging and Goods Trade
w6742

Published: European Economic Review, Vol. 43, no. 7 (June 1999): 1371-1394. citation courtesy of

November 1997Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills
w6255
The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise?
with Shang-Jin Wei, Jungshik Kim: w6256
July 1997"The Bigger They Are, The Harder They Fall": How Price Differences Across U.S. Cities Are Arbitraged
with Paul G. J. O'Connell, Shang-Jin Wei: w6089

Published: O'Connell, Paul G. J. and Shang-Jin Wei. "'The Bigger They Are, The Harder They Fall': Retail Price Differences Across U.S. Cities," Journal of International Economics, 2002, v56(1,Jan), 21-53.

May 1997How Taxing is Corruption on International Investors?
w6030

Published: Wei, Shang-Jin. "How Taxing Is Corruption On International Investors?," Review of Economics and Statistics, 2000, v82(1,Feb), 1-11. citation courtesy of

July 1996Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
with David C. Parsley, Shang-Jin Wei: w5654

Published: Quarterly Journal of Economics, Vol. 111, no. 4 (Novmeber 1996): 1211-1236. citation courtesy of

April 1996Intra-National versus International Trade: How Stubborn are Nations in Global Integration?
w5531
January 1996Regional Trading Arrangement: Natural or Super-Natural?
with Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei: w5431

Published:

  • American Economic Review, Vol. 86, no.2 (May 1996). citation courtesy of
  • Regional Trading Arrangements, H. Singer, N. Hatti, and R. Tandon, eds., India: BRPC, 2000.

September 1995Open Regionalism in a World of Continental Trade Blocs
with Shang-Jin Wei, Jeffrey A. Frankel: w5272

Published: IMF Staff Papers 45, no.3 (September 1998): 440-453. citation courtesy of

February 1995Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits
with Shang-Jin Wei, David C. Parsley: w5032
May 1994Anticipations of Foreign Exchange Volatility and Bid-Ask Spreads
w4737
Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade
with David C. Parsley, Shang-Jin Wei: w4738

Published: Review of Economics and Statistics, Vol. 75, no. 4 (1993): 606-613.

December 1993Continental Trading Blocs: Are They Natural, or Super-Natural?
with Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei: w4588

Published:

Open Door Policy and China's Rapid Growth: Evidence from City-level Data
w4602

Published:

April 1993Emerging Currency Blocs
with Jeffrey A. Frankel, Shang-Jin Wei: w4335

Published: The Future of the Internationals Monetary System and its Institutions, Genberg, Hans, ed., Geneva, 1994.

November 1991Are Option-Implied Forecasts of Exchange Rate Volatility Excessively Variable?
with Shang-Jin Wei, Jeffrey A. Frankel: w3910

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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