THESIS
2016
ix, 45 pages : illustrations ; 30 cm
Abstract
Using Chinese manufacturing firm data for the 1998‒2007 period, we study the
role of capital intensity in facilitating exporting. It has been documented that
Chinese exporters are less capital-intensive than non-exporters. However, when
comparing exporters with non-exporters within ownership, we show domestic private exporters are ex ante less capital-intensive than their non-exporting counterparts while state-owned exporters are ex ante more capital-intensive than their non-exporting counterparts. This pattern is inconsistent with previous evidence from
both developed and developing countries. We build a simple model with factor
market distortion and heterogeneity in factor shares of the production function to
explain this patten. Our findings suggest, when factor markets are hig...[
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Using Chinese manufacturing firm data for the 1998‒2007 period, we study the
role of capital intensity in facilitating exporting. It has been documented that
Chinese exporters are less capital-intensive than non-exporters. However, when
comparing exporters with non-exporters within ownership, we show domestic private exporters are ex ante less capital-intensive than their non-exporting counterparts while state-owned exporters are ex ante more capital-intensive than their non-exporting counterparts. This pattern is inconsistent with previous evidence from
both developed and developing countries. We build a simple model with factor
market distortion and heterogeneity in factor shares of the production function to
explain this patten. Our findings suggest, when factor markets are highly distorted,
choosing a proper factor share can facilitate exporting.
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