TY  - JOUR
AU  - Park, Albert
AU  - Yang, Dean
AU  - Shi, Xinzheng
AU  - Jiang, Yuan
TI  - Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14632
PY  - 2009
Y2  - January 2009
DO  - 10.3386/w14632
UR  - http://www.nber.org/papers/w14632
L1  - http://www.nber.org/papers/w14632.pdf
N1  - Author contact info:
Albert Park
HKUST
Hong Kong
E-Mail: albertpark@ust.hk

Dean Yang
University of Michigan
Department of Economics and
Gerald R. Ford School of Public Policy
735 S. State Street, Room 3316
Ann Arbor, MI 48109
Tel: 734/764-6158
Fax: 734/763-9181
E-Mail: deanyang@umich.edu

Xinzheng Shi
University of Michigan
Lorch Hall
611 Tappan Street
Ann Arbor, MI 48109
E-Mail: xzhshi@umich.edu

Yuan Jiang
National Bureau of Statistics
Beijing
People's Republic of China
E-Mail: wise.jiangyuan@gmail.com
AB  - 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.
ER  -