Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis
|
NBER Working Paper No. 14632
Issued in January 2009
NBER Program(s): ITI
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 "earning-by-exporting", the productivity impact of export growth is greater when firms export to more developed countries.
Published: Albert Park & Dean Yang & Xinzheng Shi & Yuan Jiang, 2010.
"Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis,"
The Review of Economics and Statistics,
MIT Press, vol. 92(4), pages 822-842, November.
This paper is available as PDF (249 K) or via email.
Acknowledgments
Machine-readable bibliographic record -
MARC,
RIS,
BibTeX
|
|
|
About
Support
The research activities of the NBER are funded by grants from federal research agencies, by private foundations, and by generous donations from our corporate associates and from private individuals. The NBER is a non-profit, 501(c)(3) organization. For information on supporting the NBER, please contact:
Mr. Denis Healy, Director of Development
NBER
1050 Massachusetts Avenue
Cambridge, MA 02138-5398
ph: 617-868-3900
email: dhealy@nber.org
Close
