Multi-product firms, product scope, and the policy of export tax rebate

被引：11
|
作者：
Tan, Yong [1 ]
Han, Jian [1 ]
Ma, Yeqing [1 ]
机构：
[1] Nanjing Univ, Dept Int Econ & Trade, Nanjing 200093, Jiangsu, Peoples R China
来源：
CHINA ECONOMIC REVIEW | 2015年 / 35卷
关键词：
Multi-product firms; Product Scope; Export tax rebate; Organizational capital; PERFORMANCE;
D O I：
10.1016/j.chieco.2015.05.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper extends the model of Nocke and Yeaple (2014) to analyze the impact of the export tax rebate (ETR) changes on multi-product firms' product scope. In response to ETR changes, firms optimally reallocate their organizational capital, and adjust the intensive and extensive margins of production. We test the model's predictions using firm-level export and ETR data from China. We find that less profitable products, facing larger ETR reductions, and products in which China has a comparative disadvantage, are more likely to be dropped. (C) 2015 Elsevier Inc. All rights reserved.
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页码：33 / 46
页数：14
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