Distribution margins and distribution-oriented FDI: Evidence from China

被引：0

作者：

Tian, Wei ^{[1
]}

Wu, Xinhong ^{[1
]}

机构：

[1] Peking Univ, Sch Econ, Beijing 100871, Peoples R China

来源：

EMERGING MARKETS REVIEW | 2024年 / 62卷

关键词：

Distribution margins; Distribution -oriented FDI; Input-output table; Exporter integration; EXCHANGE-RATES; TRADE; INTEGRATION; INVESTMENT; CONTRACTS; PRICES; FIRMS;

D O I：

10.1016/j.ememar.2024.101169

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper constructs a new measure of distribution margins that covers more countries than that in the World Input-Output Database. Based on this measure, we develop a set of stylized facts and examine the effect of distribution margins on exporters' distribution-oriented foreign direct investment decision using customs data and foreign direct investment decision data from China. We find that higher distribution margins in destination countries drive exporters to conduct distribution-oriented foreign direct investment. Compared with specialized export intermediaries, manufacturers have a greater incentive to invest in distribution sectors abroad when faced with higher distribution margins.

引用

页数：18

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