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ID: 152521

Anti-dumping shock and the productivity response of Chinese industries / Li, Chunding

Li, Chunding	Journal Article
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Summary/Abstract

This paper provides a comprehensive analysis of the productivity effects of antidumping (AD) measures on Chinese industries. Industry-year panel data and generalized method of moments estimators are used in the empirical analysis. Productivity indicators are calculated using data envelope analysis. The empirical results show that China's industrial total factor productivity has improved under the pressure of AD measures taken by developed countries, and the mechanism inspires technological progress but hurts technological efficiency. Developing countries' AD measures have no significant productivity effects on China's targeted industries, except for slightly positive effects on technological efficiency. These results indicate that China should pay more attention to technological innovation and take different counter-measures for different cases of AD measures.

Key Words

Antidumping ; Data Envelope Analysis ; Generalized Methods of Moments Productivity

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ID: 143383

Foreign affiliate sales and the measurement of trade in both goods and services / Li, Chunding; Whalley, John ; Chen, Yan

Li, Chunding	Article
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Summary/Abstract

There is an incompatibility between measures of trade in goods and services. The measures of goods trade reflecting GATT are restricted to trade that crosses borders. Service trade, however, under GATS includes both cross-border delivery and foreign affiliate sales within borders. We propose that for comparability the trade component of foreign affiliate sales in goods should be included in goods trade or affiliate sales should be removed from the service trade data. We make modifications to reported goods and services trade for specific countries by using data on affiliate sales to produce more consistently measured cross country estimates of trade flows.

Key Words

Trade Statistics ; Cross-border trade ; Foreign Affiliate Sales ; Commercial Presence

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ID: 112722

Rebalancing and the Chinese VAT: some numerical simulation results / Li, Chunding; Whalley, John

Whalley, John	Journal Article
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2012.

Summary/Abstract

This paper presents numerical simulation results that suggest that China can both reduce its trade imbalance and receive welfare benefits by switching the value added tax (VAT) regime from the current destination principle to an origin principle. We modify the traditional general equilibrium tax model to capture endogenous trade imbalances along with endogenous factor supply, a fixed exchange rate and a non-accommodative monetary policy structure which supports the Chinese trade imbalance. We calibrate model parameters to 2008 data and simulate counterfactual equilibrium for VAT tax basis switches in which the trade imbalance changes. Our results suggest that given China's trade surplus VAT regime switching to an origin basis can decrease China's trade surplus by over 40%, and additionally increase Chinese and world welfare. This has implications for present G20 discussions on finding ways to adjust global trade imbalances.

Key Words

Value Added Tax ; Destination Basis ; Origin Basis ; Numerical Simulation

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