Imports of key capital goods and quality upgrading: Evidence from China's import subsidy policy1

被引:6
作者
Li, Jie [1 ]
Lu, Angdi [2 ]
Wu, Shuang [3 ]
机构
[1] Capital Univ Econ & Business, Int Sch Econ & Management, 121 Zhang Jia Lu Kou, Beijing 100070, Peoples R China
[2] Renmin Univ China, Sch Appl Econ, 59 Zhongguancun St, Beijing 100872, Peoples R China
[3] Peking Univ, Inst New Struct Econ, 5 Yiheyuan St, Beijing 100871, Peoples R China
基金
美国国家科学基金会;
关键词
Capital goods imports; Import subsidy policy; Export quality upgrading; TRADE LIBERALIZATION; PRODUCT QUALITY; INTERMEDIATE INPUTS; EXPORT DESTINATIONS; MULTIPRODUCT FIRMS; SKILL PREMIUM; PRICES; COMPLEMENTARITY; COMPETITION;
D O I
10.1016/j.chieco.2023.101988
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the impact of capital goods imports on firms' export quality upgrading with a subsidy policy for advanced capital imports implemented in China since 2008. Using a matched dataset of firms' production and custom data, we employ a difference-in-differences strategy that exploits firms' differential pre-event exposures to the policy. We find that the subsidy policy increases firms' imports of subsidized products, and improves their export quality. Furthermore, export quality improvements due to capital goods imports are larger if (1) firms are more pro-ductive; (2) the exporting product is the firm's core product; (3) the product is a differentiated good; and (4) the destination market is larger and richer. Further analysis suggests that capital goods imports can also boost firms' total exports and the number of exporting destinations and products. The mechanism tests reveal that capital-skill complementarity can explain improved export product quality through capital goods imports. Capital goods imports also lead to increased skill management that can improve export quality as well.
引用
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页数:29
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