主题:Bilateral Economies of Scope
主讲:Sichuang Xu Assistant Professor
会议时间:2024年5月14日 13:30-15:00
会议地点:经济学院714会议室
内容简介:International transactions are costly because they require investments in logistics, contracts, and the acquisition of local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used toward costs of acquiring imports from that same market, and vice versa. Using dis-aggregated transactions data for Chinese firms from 2000 to 2015, we document firm-level trading patterns that suggest such market-specific bilateral economies of scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and import fixed costs by over 41 and 37 percent, respectively.
个人简介:Prof. Sichuang Xu is an Assistant Professor of Economics in The Chinese University of Hong Kong, Shenzhen. He received his B.A in Finance from Sun Yat-sen University and his Ph.D. from Hong Kong University of Science and Technology. His research interests are macroeconomics, financial economics and international economics.