Productivity Gains from Trade: Bunching Estimates from Trading Rights in China

• 成果类型: Article
• 署名作者: Li, Yunong; Lu, Yi; Wang, Jianguo
• 署名单位: Southwestern University of Finance & Economics - China; Tsinghua University; Renmin University of China
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01392
• 发表日期: 2025-09
• 页码: 1275-1290
• 关键词: liberalization; performance; TECHNOLOGY; INVESTMENT; markups; exports; IMPACT; POLICY; FIRMS; jobs

摘要

This paper identifies productivity gains from trade by studyingthe manipulation behavior of firms in response to regulatory policies oninternational trade in China. Bunching estimates show that participationin international trade increases firm productivity. The productivity gainsincrease over time, indicating dynamic learning from trading. Further exploration shows no effects on R&D investment, product rationalization,and markup. Young firms and nonstate-owned firms (non-SOEs) gain morefrom participating in trade. Workers share productivity gains through in-creased wages but not from increased employment.