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Fiscal Consolidation and Firm Growth in Developing Countries: Evidence from Firm-Level Data 发展中国家的财政整顿与企业增长:来自企业层面数据的证据
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-10-11 DOI: 10.1080/00220388.2023.2265523
Hildebrando Pahula, Sailesh Tanna, Glauco De Vita
Despite a longstanding debate around the economic effects of fiscal consolidation policies, relatively few studies have focused on developing countries, and even fewer have paid attention to the growth implications at firm level. Using a unique narrative dataset based on contemporaneous policy documents to identify changes in fiscal policy aimed at reducing the accumulation of public debt, we investigate the effects of fiscal consolidation on the growth of 118,279 firms in 98 developing countries from 2006 to 2018. The results indicate that a one percentage point increase in fiscal consolidation as a share of GDP leads, on average, to a decline in firm growth of 3.97 percentage points. This decline is reduced when consolidation is large. We also find that debt-driven consolidation based on tax hikes is more contractionary than that based on spending cuts, though this contractionary effect is mitigated when spending cuts exceed 1.5 percent of GDP. While the negative effect of fiscal consolidation on firm performance is more pronounced in large and non-exporting firms, the effect is not statistically important in low-debt-risk developing countries.
尽管长期以来围绕财政整顿政策的经济影响存在争议,但关注发展中国家的研究相对较少,关注企业层面增长影响的研究就更少了。我们使用基于同期政策文件的独特叙事数据集来确定旨在减少公共债务积累的财政政策变化,研究了2006年至2018年98个发展中国家118,279家企业的财政整顿对其增长的影响。研究结果表明,财政整顿占GDP的比例每增加1个百分点,平均而言,企业增长率就会下降3.97个百分点。当合并规模较大时,这种下降会减少。我们还发现,以增税为基础的债务驱动型整顿比以削减支出为基础的整顿更具收缩性,尽管当削减支出超过GDP的1.5%时,这种收缩效应会得到缓解。虽然财政整顿对企业业绩的负面影响在大型和非出口企业中更为明显,但在低债务风险的发展中国家,这种影响在统计上并不重要。
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引用次数: 0
The Opportunity Trap: High-Skilled Workers, Indian Families and the Failure of the Dependent Visa Program The Opportunity Trap: High-Skilled Workers, Indian Families and the Failure of the Dependent Visa Program By Pallavi Banerjee New York : New York University Press , 2022, 321 pp., E-Book (free), $89.00 (hardcover), $32.00 (paperback), ISBN (e-Book): 978-1-479-82515-8, ISBN (Hardcover): 978-1-479-85291-8, ISBN (Paperback): 978-1-479-84104-2 机会陷阱:高技能工人,印度家庭和依赖签证计划的失败机会陷阱:高技能工人,印度家庭和依赖签证计划的失败纽约:纽约大学出版社,2022年,321页,电子书(免费),89.00美元(精装),32.00美元(平装),ISBN(电子书):978-1-479-82515-8,ISBN(精装):978-1- 4779 -85291-8,ISBN(平装):978-1- 4779 - 84102 -2
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-10-04 DOI: 10.1080/00220388.2023.2264445
Smitha Radhakrishnan
"The Opportunity Trap: High-Skilled Workers, Indian Families and the Failure of the Dependent Visa Program." The Journal of Development Studies, ahead-of-print(ahead-of-print), pp. 1–3
“机会陷阱:高技能工人,印度家庭和家属签证计划的失败。”《发展研究杂志》,印刷前,第1-3页
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引用次数: 0
The King’s Road: Diplomacy and the Remaking of the Silk Road The King’s Road: Diplomacy and the Remaking of the Silk Road By Xin Wen Princeton, NJ : Princeton University Press , 2022, 400 pp., $49.95 (hardcover), $34.97 (e-book). ISBN 978-0-691-23783-1 《国王之路:外交与丝绸之路的重塑》作者:辛文普林斯顿,新泽西州:普林斯顿大学出版社,2022年,400页,49.95美元(精装本),34.97美元(电子书)。ISBN 978-0-691-23783-1
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-26 DOI: 10.1080/00220388.2023.2262799
Federico Jensen
"The King’s Road: Diplomacy and the Remaking of the Silk Road." The Journal of Development Studies, ahead-of-print(ahead-of-print), pp. 1–3
“国王之路:外交与丝绸之路的重塑”《发展研究杂志》,印刷前,第1-3页
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引用次数: 0
Is There a Gender Gap in Health among Migrants in Russia? 俄罗斯移民健康状况存在性别差异吗?
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-25 DOI: 10.1080/00220388.2023.2253986
Sandra Pellet, Marine de Talancé
AbstractThis study investigates whether there is a gender gap in health among migrants. Focusing on migrants from Uzbekistan and Tajikistan in Russia, where there are high levels of both immigration and gender inequality, this paper exploits unique data collected by the authors recording detailed information on health and migration trajectories. We find that migrant women are on average in poorer health than migrant men. This gender gap is only partly explained by gender differences in observed socioeconomic, demographic, living and working characteristics and differences in pre-migration health. We show that migrant women’s health is more likely than men’s to deteriorate during migration. This women’s health disadvantage is sensitive to the migration profile, as it only appears after a certain time spent migrating and for migrants with a vulnerable legal status. These results call for targeted public health policies to address this gender health gap.Keywords: Health disparitiesmigrationgenderRussia CentralAsiaJEL CODES: F22I12I14J16 AcknowledgmentsWe are very grateful to all the members of REFPoM project who had a meaningful role at each step of the process (J. Cleuziou, C. Marteau d’Autry, C. Doutement, L. Direnberger and A. Zevaco). We are also very thankful to V. Mukomel and E. Kasimskaya for their precious advises in the field. We are very grateful to M. Guillot and M. Khlat for their postdoctoral support and their meaningful insights on migrant health issues. We thank all the discussants and the participants to the seminars where we had the chance to present this article despite the sanitary situation. In particular, we are very grateful to T. Barnay, M. Ben Salem, S. Juin and Y. Videau (ERUDITE seminar), to F. Jusot, L. Goldzhal and D. Mignon (LEDa-LEGOS seminar), to M. Leturq, E. Cambois, M. Segù, G. Duthé and Sophie Le Coeur (INED), to I. Chort (TREE seminar), to I. Ohayon and J. Thorez (EHESS seminar on Central Asia) and all other participants. We also thank the participants of the 2021 International Conference in Development Economics, the 37th Applied Microeconomics Days, the 69th Congress of the French Economic Association, the Population Association of America 2021 Annual Meeting and the Women on the Move workshop for their useful feedback. We thank the French Collaborative Institute on Migration for the fellowship and the members of the DYNAMICS department for the inspirational research discussions. Finally, we are very grateful to the referees for their precious comments that helped to significantly improve the quality and clarity of the article. An older version of this manuscript were deposited on an academic website as a preprint for non-commercial purposes.Footnote13Disclosure statementNo potential conflict of interest was reported by the author(s).Data availability statementIn accordance with the editorial policy we are making available to the readers the programs that gave rise to the following results, which can be found on
摘要本研究探讨流动人口健康状况是否存在性别差异。本文重点关注来自俄罗斯乌兹别克斯坦和塔吉克斯坦的移民,这两个国家的移民和性别不平等程度都很高,本文利用作者收集的独特数据,记录了有关健康和移民轨迹的详细信息。我们发现,移徙妇女的平均健康状况比移徙男子差。社会经济、人口、生活和工作特征的性别差异以及移徙前健康状况的差异只能部分解释这种性别差距。我们表明,移徙期间,移徙妇女的健康状况比男子更有可能恶化。妇女的这一健康劣势对移徙情况很敏感,因为只有在移徙一段时间之后,以及法律地位脆弱的移徙者才会出现这种情况。这些结果要求制定有针对性的公共卫生政策,以解决这一性别健康差距。关键字:健康差异移民性别俄罗斯中亚感谢REFPoM项目的所有成员,他们在这个过程的每一步都发挥了有意义的作用(J. Cleuziou, C. Marteau d 'Autry, C. Doutement, L. Direnberger和a . Zevaco)。我们也非常感谢穆科梅尔和卡西姆斯卡娅在这一领域提出的宝贵建议。我们非常感谢guilllot先生和Khlat先生的博士后支持以及他们对移民健康问题的有意义的见解。我们感谢所有参加讨论会的讨论者和与会者,尽管卫生状况恶劣,我们仍有机会发表这篇文章。我们特别感谢T. Barnay, M. Ben Salem, S. Juin和Y. Videau(博学研讨会),F. Jusot, L. Goldzhal和D. Mignon(乐高-乐高研讨会),M. Leturq, E. Cambois, M. Segù, G. duth<s:1>和Sophie Le Coeur (INED), I. Chort (TREE研讨会),I. Ohayon和J. Thorez (EHESS中亚研讨会)以及所有其他与会者。我们还要感谢2021年发展经济学国际会议、第37届应用微观经济学日、第69届法国经济协会代表大会、美国人口协会2021年年会和妇女流动研讨会的与会者提供的有益反馈。我们感谢法国移民问题合作研究所提供的研究金,感谢动力学部门成员进行的鼓舞人心的研究讨论。最后,我们非常感谢审稿人的宝贵意见,这些意见极大地提高了文章的质量和清晰度。此手稿的旧版本作为非商业用途的预印本存放在一个学术网站上。脚注13披露声明作者未报告潜在的利益冲突。数据可用性声明根据编辑政策,我们向读者提供产生以下结果的程序,这些结果可以在补充材料中在线找到。此外,我们收集的数据可以提供给对该课题感兴趣的研究人员,在有动机的要求下,经过整个REFPoM研究团队的同意。注1然而,这些罕见而丰富的研究对我们的研究问题也有一定的局限性。他们关注的是中亚女性,而不是将她们与男性进行比较。此外,它们通常基于民族文化视角,并使用种族作为识别变量。本文运用公民权标准对国外出生的外国人的移民经历进行了研究护理等工作部门的报酬低于建筑业等以男性为主导的部门这项调查是由法国国家研究机构(ANR)资助的一个更大项目REFPoM项目的一部分。更多的细节可以在REFPoM网站https://refpom.hypotheses.org/.4上找到,由于样本量的限制,我们可以怀疑统计能力的限制,因此我们计算了性别对每个结果的最小可检测影响:估计的差异足够高,可以让我们得出结论。详见网上补充资料C部分。5我们将法律地位分为四个等级:非常脆弱、脆弱、较安全、非常安全。详见补充资料中的D节关于工况指数构建的详细情况,请参见在线补充资料表S.M7和S.M8与不同因素相关的系数按时期(O或T)编制指数,以便根据个人是在原籍国还是在俄罗斯,使特征对健康产生不同的影响。例如,性别不一定有同样的影响,因为两个国家的规范和文化可能不同理想情况下,我们希望在迁移之前和迁移过程中观察所有随时间变化的独立变量。
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引用次数: 0
Rebel Populism: Revolution and Loss among Syrian Labourers in BeirutRebel Populism: Revolution and Loss among Syrian Labourers in Beirut By Philip ProudfootManchester: Manchester University Press, 2022, 232 pp., £85.00 (hardback), ISBN: 978-1-5261-5810-9 反叛民粹主义:贝鲁特叙利亚工人的革命与损失反民粹主义民粹主义:贝鲁特叙利亚工人的革命与损失作者:Philip proudfoot曼彻斯特:曼彻斯特大学出版社,2022年,232页,85英镑(精装本),ISBN: 978-1-5261-5810-9
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-21 DOI: 10.1080/00220388.2023.2259616
Fuad Musallam
"Rebel Populism: Revolution and Loss among Syrian Labourers in Beirut." The Journal of Development Studies, ahead-of-print(ahead-of-print), pp. 1–3
反叛民粹主义:贝鲁特叙利亚劳工的革命与损失。《发展研究杂志》,印刷前,第1-3页
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引用次数: 0
From Development to Democracy: The Transformations of Modern Asia From Development to Democracy: The Transformations of Modern Asia By Dan Slater and Joseph Wong Princeton, NJ : Princeton University Press , 2022. $35.00/£30.00 (hardback), $24.50/£21.00 (e-book), ISBN:9780691167602 《从发展到民主:现代亚洲的转型》丹·斯莱特和约瑟夫·王著,普林斯顿,新泽西州:普林斯顿大学出版社,2022年。$35.00/£30.00(精装本),$24.50/£21.00(电子书),ISBN:9780691167602
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-21 DOI: 10.1080/00220388.2023.2260051
Nahee Kang
"From Development to Democracy: The Transformations of Modern Asia." The Journal of Development Studies, ahead-of-print(ahead-of-print), pp. 1–3
从发展到民主:现代亚洲的转型《发展研究杂志》,印刷前,第1-3页
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引用次数: 0
Persistent Agricultural Shocks and Child Poverty 持续的农业冲击与儿童贫困
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-18 DOI: 10.1080/00220388.2023.2253977
Ray Miller, Lackson D. Mudenda, Ashish K. Sedai
AbstractThis study shows how persistent agricultural shocks in Ethiopia affect education, health and labor outcomes through a time-use study of young people aged 5-22. Leveraging five rounds of the Young Lives Study from 2002-2016, we use dynamic panel instrumental variable regressions to account for the unobserved heterogeneity and serial correlation in the estimation. Agricultural shocks significantly reduce schooling participation and time spent in schooling, deteriorate health, and increase both labor force participation and labor time. Household wealth acts as a buffer and mitigates the adverse effects of shocks on schooling. Interestingly, children from wealthier households have a higher likelihood of joining agricultural labor during shocks, but their intensity of child labor is significantly lower compared to poorer households.Keywords: agricultureshockslaboreducationwealthtime useJel Codes: D13I20I25I31 Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 For more details, see Beegle et al. (Citation2006); Singh and Vennam (Citation2016); Jensen (Citation2000); Zimmermann (Citation2012); Adhvaryu and Nyshadham (Citation2016); Andalón, Azevedo, Rodríguez-Castelán, Sanfelice, and Valderrama-González (Citation2016); Currie and Hyson (Citation1999); Buckles and Hungerman (Citation2013); Cornwell and Inder (Citation2015); Feeny, Mishra, Trinh, Ye, and Zhu (Citation2021); Agamile and Lawson (Citation2021); Giles and Yoo (Citation2007); Shah and Steinberg (Citation2017).2 Link to the report: International Labor Organization, 2020. The report states that the “agriculture sector accounts for 70 percent of children in child labor (112 million) globally”.3 Child health data is only available for the last three waves of the survey (2009, 2013 and 2016). All other health measures, except anthropometric measures, are available less frequently compared to the child’s general health status4 Although the samples are not statistically representative of the national population – as poorer regions were over-sampled – comparisons with nationally representative data sets (DHS, LSMS, etc.) show that they reflect the heterogeneity of ethnicity, religion and living standards in each of the study countries (Outes-Leon & Sanchez, Citation2008).5 The effects estimated in the paper pertain to shocks that occurred sometime over the previous four years (roughly).6 Note that we do not control for BMI when analyzing the effects of agricultural shocks on child health, as BMI is a critical determinant of child health and is strongly correlated with pre-natal conditions such as mother’s BMI, food security and obesity (Dinku, Mekonnen, & Adilu, Citation2020; Kassie & Workie, Citation2020; Kedir, Citation2009).7 The estimator assumes a constant treatment effect across groups and over time, and estimates that effect under the standard “common trends” assumption.8 See Stata’s xtdpd command for further details on the linear dynamic panel es
摘要本研究通过对5-22岁年轻人的时间使用研究,展示了埃塞俄比亚持续的农业冲击如何影响教育、健康和劳动成果。利用2002年至2016年的五轮Young Lives研究,我们使用动态面板工具变量回归来解释估计中未观察到的异质性和序列相关性。农业冲击大大减少了入学率和在校时间,使健康状况恶化,并增加了劳动力参与率和劳动时间。家庭财富起到缓冲作用,减轻了教育冲击的不利影响。有趣的是,来自较富裕家庭的儿童在冲击期间加入农业劳动的可能性更高,但与较贫穷家庭相比,他们的童工强度要低得多。关键词:农业冲击劳动教育财富时间使用代码:D13I20I25I31披露声明作者未报告存在潜在利益冲突。注1更多细节参见Beegle et al. (Citation2006);Singh and Vennam (Citation2016);詹森(Citation2000);齐默尔曼(Citation2012);Adhvaryu and nyshaham (citation);Andalón, Azevedo, Rodríguez-Castelán, Sanfelice, Valderrama-González (Citation2016);Currie and Hyson (Citation1999);巴克尔斯与亨格曼(Citation2013);康威尔和英德尔(Citation2015);Feeny, Mishra, Trinh, Ye和Zhu (Citation2021);Agamile and Lawson (Citation2021);贾尔斯和柳(Citation2007);Shah and Steinberg (Citation2017).2报告链接:国际劳工组织,2020年。报告指出,“农业部门童工占全球童工总数的70%(1.12亿)。儿童健康数据仅适用于最近三次调查(2009年、2013年和2016年)。与儿童总体健康状况相比,除人体测量法外,所有其他健康措施的可用频率都较低。4尽管这些样本在统计上不能代表全国人口——因为较贫穷地区的样本过多——但与具有全国代表性的数据集(国土安全调查、LSMS等)的比较表明,它们反映了每个研究国家的种族、宗教和生活水平的异质性(Outes-Leon & Sanchez, Citation2008)论文中估计的影响与过去四年中某个时候发生的冲击(大致)有关请注意,在分析农业冲击对儿童健康的影响时,我们没有控制BMI,因为BMI是儿童健康的关键决定因素,并且与母亲的BMI、食品安全和肥胖等产前状况密切相关(Dinku, Mekonnen, & Adilu, Citation2020;Kassie & Workie,引文2020;Kedir Citation2009) 7估计器在组间和时间上假设一个恒定的治疗效果,并在标准的“共同趋势”假设下估计效果有关线性动态面板估计的更多细节,请参阅Stata的xtdpd命令在表3中,将面临农业冲击的家庭的估计影响与未面临农业冲击的家庭的平均影响进行了比较链接到公告在这里,劳动力是年龄在15.12岁以下的儿童从事农业和有偿工作的总和。对富裕家庭来说,童工的主要影响是由农业和非有偿工作驱动的例如,在较年轻队列的第1轮和第3轮之间,埃塞俄比亚有72名儿童死亡(Barnett et al., Citation2013)同为15年的现场主管培养了与受访者之间亲切稳定的关系(Young Lives, Citation2018)。
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引用次数: 0
Social Spillovers of Parental Absence: The Classroom Peer Effects of ‘Left-behind’ Children on Household Human Capital Investments in Rural China 父母缺席的社会溢出效应:中国农村留守儿童对家庭人力资本投资的课堂同伴效应
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-13 DOI: 10.1080/00220388.2023.2255719
Xiaodong Zheng, Yanran Zhou
AbstractWhile the human capital consequences of rural-to-urban migration on left-behind children have been well-documented in developing countries, there is limited evidence regarding the social spillovers of parental migration on households without parent-child separation. This study investigates the effects of migration-induced left-behind children on household human capital investments in their non-left-behind peers. Leveraging the random student-class assignment within middle schools in rural China, we find that the share of left-behind children in class has significant negative impacts on household financial and time investments in non-left-behind classmates, especially out-of-school education expenditure. We also find heterogeneous effects demonstrating that the adverse spillovers are relatively larger among students who are boys, in grade nine, and from low socioeconomic status families. Further, our results suggest that exposure to left-behind classmates adversely affects non-left-behind students’ perceived quality of school life, cognitive and noncognitive skills, and their parents’ beliefs about returns of human capital investments. We interpret these findings as candidate mechanisms underlying the associations between parental absence and household investments in non-left-behind children. Our study sheds new light on the ‘costs’ of rural-to-urban migration in sending areas, which include not only welfare loss to families being left behind but negative spillover effects on non-left-behind households.Keywords: parental absenceleft-behind childrenhousehold human capital investmentspeer effectsrural China AcknowledgmentsThe authors would like to thank anonymous referees and editors for their constructive comments. The data and codes used for this study are available upon request.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 See Zheng et al. (Citation2022) for a literature review on the effects of parental migration on the short- and long-term human capital of left-behind children.2 See Supplementary Materials for more details about the sampling design of the CEPS.3 Given that the individual himself is removed from the ‘urn’ (the same grade) from which his peers are chosen, the peers for LBC are selected from a group with a slightly lower proportion of LBC than the peers for non-LBC. As a result, there is a mechanical negative relationship between one’s left-behind status and the share of LBC of randomly-assigned peers. According to Guryan et al. (Citation2009), such a bias could be corrected by simply controlling for the proportion of LBC of all individuals in the ‘urn’.4 The kernel distribution and descriptive statistics of class-level LBC proportion are shown in Supplementary Materials Figure S1.5 We conduct seemingly unrelated estimations for the subsamples and statistically test the between-group differences in coefficients of the LBC variable (the proportion of LBC in a class).6 Using the p
摘要在发展中国家,虽然农村向城市迁移对留守儿童的人力资本影响已经得到了充分的记录,但关于父母迁移对没有亲子分离的家庭的社会溢出效应的证据有限。本研究探讨了移民导致的留守儿童对非留守儿童家庭人力资本投资的影响。利用中国农村中学的随机学生-班级分配,我们发现留守儿童在班级中的比例对家庭对非留守同学的财务和时间投入,特别是校外教育支出具有显著的负向影响。我们还发现异质性效应表明,负面溢出效应在男孩、九年级学生和来自低社会经济地位家庭的学生中相对较大。此外,我们的研究结果表明,接触留守同学会对非留守学生的学校生活质量、认知和非认知技能以及父母对人力资本投资回报的看法产生负面影响。我们将这些发现解释为父母缺席与家庭对非留守儿童投资之间关联的候选机制。我们的研究揭示了移民输出国农村向城市迁移的“成本”,其中不仅包括留守家庭的福利损失,还包括对非留守家庭的负面溢出效应。关键词:父母缺席;留守儿童;家庭人力资本投资;本研究使用的数据和代码可根据要求提供。披露声明作者未报告潜在的利益冲突。注1:父母迁移对留守儿童短期和长期人力资本影响的文献综述见Zheng等(Citation2022)有关ceps抽样设计的更多详细信息,请参阅补充材料。3考虑到个体本身从选择其同伴的“urn”(同一等级)中移除,LBC的同伴是从LBC比例略低于非LBC的同伴的群体中选择的。因此,一个人的留守地位与随机分配的同伴的LBC份额之间存在机械的负相关关系。根据Guryan等人(Citation2009)的说法,这种偏差可以通过简单地控制“瓮”中所有个体的LBC比例来纠正类水平LBC比例的核分布和描述性统计见补充资料图S1.5。我们对子样本进行了看似无关的估计,并统计检验了LBC变量(LBC在一个类中所占的比例)系数的组间差异使用六年级的预定学习成绩,而不是当代的考试成绩,有助于解决潜在的同时性问题。我们还使用语文、数学和英语科目的当代考试成绩来计算学生的排名距离。结果在质量上保持相似,可应要求提供我们还研究了课堂上LBC的比例与父母“要求”指数和“反应”指数各项目之间的关系。如补充资料表S3和表S4所示,估计结果在质量上保持相似使用不同的LBC定义,类中LBC比例的核分布和描述性统计如图S2所示。基金资助:国家自然科学基金[72003173,72103182];教育部人文社科基金[21YJC790171];浙江省自然科学基金项目[LY21G030008];中国博士后科学基金[2023M730715]和浙江省省属高校基本科研业务费专项基金[XR202206]资助项目。资助者在研究设计、数据收集和分析、发表决定或手稿准备方面没有任何作用。
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引用次数: 0
The Politics of Taxation and Tax Reform in Times of Crisis: Covid-19 and Attitudes towards Taxation in Sierra Leone 危机时期的税收政治和税收改革:Covid-19和塞拉利昂对税收的态度
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-12 DOI: 10.1080/00220388.2023.2255717
Nicolas Orgeira Pillai, Vanessa van den Boogaard, Wilson Prichard
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引用次数: 0
The Impact of Input Trade Liberalization on the Entry of Foreign Firms: Evidence from a Quasi-Natural Experiment in China 投入品贸易自由化对外资企业进入的影响:来自中国准自然实验的证据
3区 经济学 Q3 DEVELOPMENT STUDIES Pub Date : 2023-09-11 DOI: 10.1080/00220388.2023.2253984
Qilin Mao, Jiayun Xu
This paper integrates trade policy and foreign direct investment into a unified analytical framework, and investigates the effects of input trade liberalization on the entry of foreign firms. To identify the causal effects, we utilize China’s accession to the WTO in 2001 as a quasi-natural experiment, and perform difference-in-difference estimation. The results show that input trade liberalization significantly increases foreign entry. We also find that input trade liberalization not only promotes the entry of new foreign firms, but also restrains the exit of existing foreign firms, thereby contributing to the net growth of the number of foreign firms. The mechanism tests show that increasing variety as well as quality of intermediate input and reduction in marginal cost are the potential channels through which input trade liberalization promotes foreign entry. This paper further demonstrates that institutional environment strengths the positive effect of input trade liberalization on foreign entry, and the promotive effect of input trade liberalization on foreign entry increases with industry import intensity, additionally, input trade liberalization is also conducive to improving the quality of foreign investment.
本文将贸易政策与外商直接投资整合到一个统一的分析框架中,考察了投入品贸易自由化对外资企业进入的影响。为了确定因果关系,我们利用2001年中国加入WTO作为准自然实验,并进行差中差估计。结果表明,投入贸易自由化显著增加了外资进入。我们还发现,投入贸易自由化不仅促进了新的外国公司的进入,而且还限制了现有外国公司的退出,从而有助于外国公司数量的净增长。机制检验表明,增加中间投入的种类和质量以及降低边际成本是投入贸易自由化促进外资进入的潜在渠道。本文进一步论证了制度环境强化了投入品贸易自由化对外资进入的正向作用,投入品贸易自由化对外资进入的促进作用随着产业进口强度的增大而增大,投入品贸易自由化也有利于提高外资质量。
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引用次数: 0
期刊
Journal of Development Studies
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