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Credit constraints, firm ownership and the structure of exports in China

Listed author(s):
  • Joachim Jarreau

    (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - Université de la Méditerranée - Aix-Marseille 2 - Université Paul Cézanne - Aix-Marseille 3 - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - Ecole Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

  • Sandra Poncet

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics, CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique)

We investigate how the export performance in China is influenced by credit constraints. Using panel data from Chinese customs, we show that credit constraints affect the sectoral composition of exports. We confirm that credit constraints provide an advantage to foreign-owned firms and joint ventures over private domestic firms in sectors with higher levels of financial vulnerability. We show that these distortions have been lessened over the period in conjunction with the reduction of State control over the financial intermediation system.

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Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number hal-01162229.

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Date of creation: Oct 2014
Publication status: Published in International Economics, 2014, 139, pp.52-173. <10.1016/j.inteco.2014.04.004>
Handle: RePEc:hal:cesptp:hal-01162229
DOI: 10.1016/j.inteco.2014.04.004
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01162229
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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