Trade Liberalization and Markup Dispersion: Evidence from China's WTO Accession

被引：310

作者：

Lu, Yi ^{[1
]}

Yu, Linhui ^{[2
]}

机构：

[1] Natl Univ Singapore, Dept Econ, Singapore 117570, Singapore

[2] Zhejiang Univ, Sch Econ, 38 Zheda Rd, Hangzhou 310027, Peoples R China

来源：

AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS | 2015年 / 7卷 / 04期

基金：

中国国家自然科学基金;

关键词：

GEOGRAPHIC CONCENTRATION; PRODUCTIVITY GROWTH; FIRM; COMPETITION; MISALLOCATION; WELFARE; DYNAMICS; IMPACT; UPS;

D O I：

10.1257/app.20140350

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we empirically investigate whether trade liberalization affects markup dispersion, a potential source of resource misallocation. The identification uses China's WTO accession at the end of 2001. We show that trade liberalization reduces markup dispersion within a narrowly defined industry. We also examine both price and cost responses to trade liberalization, as well as heterogeneous effects across firms and across locations. Our study contributes to the literature by identifying another potential channel through which free trade benefits a nation.

引用

页码：221 / 253

页数：33