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Modern View
LI, KUNWANG
(2)
answer(s).
Srl
Item
1
ID:
124542
How is U.S. trade policy towards China determined: a political economic analysis illustrated by voting outcome of the PNTR bill
/ Wang, Xiaosong; Li, Kunwang; Xie, Shenxiang; Hou, Jack
Wang, Xiaosong
Journal Article
0 Rating(s) & 0 Review(s)
Publication
2013.
Summary/Abstract
Utilizing a political economy approach towards trade policy formulation, we examine the case of how the U.S. House voted on the PNTR status for China. Our focus is to analyze the factors affecting the legislators' voting behavior and to deduce the rationale behind these factors. We find that the U.S. trade policies towards China represent a balanced equilibrium based on interactions between the government and special interest groups. The individual characteristics of the legislators were not important in the process. Predictions of neo-classical trade models regarding the attitudes of various groups on trade liberalization could not be fully validated in the voting outcome of the PNTR bill.
Key Words
Globalization
;
Political Economy
;
International Economics
;
United States
;
China
;
Liberalization
;
Policy formulation
;
Equilibrium
;
US - Trade Policy
;
Sino - US Relations
;
Chinese Economics
;
International Relations - IR
;
PNTR Bill
;
US - International Trade
;
US - Economics Policy
;
Foreign Policy
In Basket
Export
2
ID:
136226
Judicial quality, contract intensity and exports: firm-level evidence
/ Wang, Yongjin; Wang, Yanling ; Li, Kunwang
Li, Kunwang
Article
0 Rating(s) & 0 Review(s)
Summary/Abstract
Judicial quality affects firms' exports through its efficiency in settling business contract disputes (transaction costs). Firms in regions with better judicial quality will have a comparative advantage in exporting the goods that source heavily relationship-specific intermediate inputs (contract-intensive), due to cost saving from efficient dispute settlement system. We study this issue using export data of over 77,000firms across 30 provinces in China. We explicitly control for firm heterogeneity of self-selection into exporters, and firm heterogeneity in their responses to judicial quality. We find that firms operating in provinces with better judicial quality export more products that require relationship-specific intermediate inputs, and judicial quality is most important for foreign-owned firms.
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Export