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Gains from trade or from catching-up? Value creation and distribution in the era of China’s WTO accession

Gains from trade or from catching-up? Value creation and distribution in the era of China’s WTO... In this article we focus on the role of exports in Chinese economic development in the era of WTO accession. We address a series of different, although connected, questions. First, do Chinese exporting and non-exporting firms differ in terms of their productivity performance and paid wages? Second, to what extent exporting and non-exporting firms have contributed to the process of convergence and catching-up? Third, does the productivity-wage pass-through differ between exporting and non-exporting firms? Overall our findings downplay the role of exporting firms as both carriers of labor productivity and wage growth for the Chinese economy. In this respect, “gains from catching-up” outweigh any “gain from trade”. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Eurasian Business Review Springer Journals

Gains from trade or from catching-up? Value creation and distribution in the era of China’s WTO accession

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Publisher
Springer Journals
Copyright
Copyright © The Author(s) under exclusive licence to Eurasia Business and Economics Society 2022
ISSN
1309-4297
eISSN
2147-4281
DOI
10.1007/s40821-022-00212-5
Publisher site
See Article on Publisher Site

Abstract

In this article we focus on the role of exports in Chinese economic development in the era of WTO accession. We address a series of different, although connected, questions. First, do Chinese exporting and non-exporting firms differ in terms of their productivity performance and paid wages? Second, to what extent exporting and non-exporting firms have contributed to the process of convergence and catching-up? Third, does the productivity-wage pass-through differ between exporting and non-exporting firms? Overall our findings downplay the role of exporting firms as both carriers of labor productivity and wage growth for the Chinese economy. In this respect, “gains from catching-up” outweigh any “gain from trade”.

Journal

Eurasian Business ReviewSpringer Journals

Published: May 25, 2022

Keywords: Export; Wage; Productivity; Trade; Event studies; L6; F16; D24; J31

References