美国对华反倾销、企业异质性与出口行为:基于中国微观企业的实证
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| Title | Anti-dumping, Firm Heterogeneous Response and Export Behaviors
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| 作者 | 孙浦阳 蒋为 苏东灵 |
| Author | Sun Puyang, Jiang Wei, Su Dongling |
| 作者单位 | 南开大学经济学院国际经济与贸易系 |
| Organization | School of Economics, Nankai University |
| 作者Email | puyangsun@nankai.edu.cn;weijiang923@mail.nankai.edu.cn;sudongling01@163.com |
| 中文关键词 | 反倾销政策 企业出口 直接与间接效应 异质性 |
| Key Words | Antidumping Policy; Firm-level Export; Direct and Indirect Effect; Firm Heterogeneity |
| 内容提要 | 本文利用中国工业企业数据、中国海关数据与世界银行反倾销数据，通过最近邻匹配法建立实验组和对照组样本，采用“倍差法”从直接与间接渠道两个角度，就“反倾销”制裁对中国企业出口影响的直接与间接效应进行实证；进一步，本文采用“双重倍差法”就“反倾销”制裁对异质性企业出口影响的差异性进行实证。本文的研究发现：美国对华“反倾销”制裁在实施后，中国企业不仅在“被反倾销”实施产品的对美出口上出现显著下降，而且在企业对其他地区与产品上的出口也出现了显著的下降，且“反倾销”制裁的影响具有持续的动态影响，在第三年影响达到最大。与此同时，美国对华反倾销调查对企业的经营绩效与融资状况均产生了显著的负面影响，从而导致企业对其他市场的出口受到冲击。另一方面，本文的研究发现“反倾销”制裁对具有不同特征的企业出口影响是具有显著差异的，对于那些反倾销制裁前经营业绩越高、融资状况越好、受到更低补贴、产品与市场经营多元化的企业所受“反倾销”制裁的负面影响越小。 |
| Abstract | Using Chinese Industry Enterprise Database, China Customs Database and World Bank Antidumping Database, our paper employs DID method to investigate the direct and indirect impacts of antidumping policies on firms’ export behavior in China. After that, we use DIDID method to discuss whether firms’ characteristics will influence their responses. The results show that because of antidumping policies of U.S., not only the firm-level exports of dumping products to U.S. drop significantly, but also the exports of other products and the exports to other countries. All of these effects happen in a continuous and dynamic way with the third year experiencing the most severe influence. At the same time, the firms’ operation performance and financial indices are badly worsen, which may be the underlying mechanism of bad export behavior. On the other hand, we find difference in firms’ responses to antidumping policies according to their characteristics. Firms with better initial performance, better financial situation, less subsidies and more diversified operations are less influenced by the U.S. antidumping policies. |
| 文章编号 | WP710 |
| 登载时间 | 2014-09-22 |
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