Search Result

Srl

Item

ID: 147445

Impact of exchange rate movements on multi-product firms' export performance: evidence from China / Xu, Jiayun; Mao, Qilin ; Tong, Jiadong

Xu, Jiayun	Journal Article
	0 Rating(s) & 0 Review(s)

Summary/Abstract

This paper investigates the effects of RMB exchange rate movements on Chinese multi-product firms' export behavior using China's firm-level micro data and highly disaggregated customs data over 2000–2007. We find that real appreciation of RMB exerts negative effects on Chinese multi-product firms' export prices and export quantities, and the effects are significantly different across firms with different productivity as well as the product ladder within multi-product firms. In addition, we document that real appreciation of RMB narrows multi-product firms' export scope and induces firms to skew their export sales towards the best performing products. Finally, the paper explores the effects of RMB exchange rate movements on firms' export duration, and shows that real appreciation of RMB lengthens the export duration of core products but shortens the export duration of non-core products.

Key Words

RMB Exchange Rate ; Product Scope ; Product Ladder ; Export Duration

In Basket

Export

ID: 143387

Multi-product firms, product scope, and the policy of export tax rebate / Tan, Yong; Han, Jian ; Ma, Yeqing

Tan, Yong	Article
	0 Rating(s) & 0 Review(s)

Summary/Abstract

This paper extends the model of Nocke and Yeaple (2014) to analyze the impact of the export tax rebate (ETR) changes on multi-product firms' product scope. In response to ETR changes, firms optimally reallocate their organizational capital, and adjust the intensive and extensive margins of production. We test the model's predictions using firm-level export and ETR data from China. We find that less profitable products, facing larger ETR reductions, and products in which China has a comparative disadvantage, are more likely to be dropped.

Key Words

Export Tax Rebate ; Multi-Product Firms ; Product Scope ; Organizational Capital

In Basket

Export