Platform advantages or "policy trap" for neighbors? Export effects of establishing free trade zone in China: A quasi-natural experiment

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE International Review of Economics & Finance Pub Date : 2024-09-16 DOI:10.1016/j.iref.2024.103634

Cong Cen , Peng Wang

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Abstract

As the important regional policy arrangements for China to implement a new round of opening-up strategy, the free trade zone (FTZ) policy have significant impacts on export trade. Based on the quasi-natural experiment of China's establishment of FTZs, the article evaluates the impact of the FTZs on enterprises' exports by using export data from Chinese Customs database and statistics of prefecture-level cities in China from 2007 to 2018. The analyses found that the FTZs has significantly promoted local exports. The FTZs has negative spatial externalities on export activities, which reduces the export performance of neighboring cities. The export effects of FTZs present continuous and dynamic characteristics. There is heterogeneity in the marginal impact of FTZs in different locations on the exports of enterprise. These findings provide empirical evidence for a more comprehensive understanding of the impact of the establishment of FTZs on enterprises' exports in the spatial dimension.

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平台优势还是邻国的 "政策陷阱"？在中国建立自由贸易区的出口效应：准自然实验

作为中国实施新一轮对外开放战略的重要区域政策安排，自贸区政策对出口贸易有着重要影响。文章基于中国设立自贸区的准自然实验，利用中国海关数据库的出口数据和中国地级市2007-2018年的统计数据，评估了自贸区对企业出口的影响。分析发现，自贸区极大地促进了地方出口。自贸区对出口活动具有负空间外部性，降低了周边城市的出口绩效。自贸区的出口效应具有连续性和动态性的特点。不同地点的自贸区对企业出口的边际影响存在异质性。这些发现为从空间维度更全面地理解设立自贸区对企业出口的影响提供了经验证据。

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.