NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Managing Trade: Evidence from China and the US

Nicholas Bloom, Kalina Manova, John Van Reenen, Stephen Teng Sun, Zhihong Yu

NBER Working Paper No. 24718
Issued in June 2018

---- Acknowledgments ----

Any opinions and conclusions expressed herein are those of the authors and do not necessarily represent the views of the U.S. Census Bureau. All results have been reviewed to ensure that no confidential information is disclosed. We thank our formal discussants Pol Antras, David Atkin, Luis Garicano, Penny Goldberg, Elhanan Helpman, Amit Khandelwal, Veronica Rappoport, Stephen Redding, Eric Verhoogen, Stephen Yeaple, and Daniel Xu, and seminar and conference participants at AEA, Barcelona GSE, CEPR ERWIT, CEPR Workshop on Incentives, Management & Organization, EEA, Hitotsubashi Conference on International Trade & FDI, NBER-CCER China Conference, NBER ITI, Nottingham GEP, Princeton IES, RIEF, SCID/IGC Conference on Trade, Productivity & Development, Stockholm-CCER China Conference, Villars Research Workshop in International Trade, West Coast Trade Workshop; Aarhus, Birmingham, Cambridge, CityUHK, Geneva, HKU, HKUST, Kiel Institute for World Economy, KOF-ETH-UZH Z├╝rich, LMU Munich, Louvain-la-Neuve, Luxembourg, MIT Sloan, National Bank of Belgium, Nottingham, Oslo, Oxford, Stanford, Sussex, UC Berkeley, UCL, VU Amsterdam, Warwick. We are grateful for funding from the ESRC, European Research Council (grant agreement 724880), National Science Foundation and Sloan Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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