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Time-Varying Impacts of Financial Credits on Firm Exports: Evidence from Trade Deregulation in China

Listed author(s):
  • Cheng, Dong
  • Hu, Zhongzhong
  • Tan, Yong
Registered author(s):

    This paper investigates the heterogeneous and time-varying effects of financial credits on firm-level export performance. Using a data set covering comprehensive Chinese manufacturing firms and employing a difference-in-differences approach, we find that financial credits improve firm-level exports and productivity more for firms switching from indirect to direct export than continuing indirect exporting firms. Further, we employ a difference-in-difference-in-differences approach and find that improvements in firm-level finance have larger positive impacts on firm export values in the post-WTO accession period, conditioning on the firm switching from indirect to direct exporting. The time-varying impact may suggest an export distortion in China before its WTO accession.

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    File URL: https://mpra.ub.uni-muenchen.de/80657/2/MPRA_paper_80657.pdf
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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 80657.

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    Date of creation: 07 Aug 2017
    Handle: RePEc:pra:mprapa:80657
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