Annual Conference

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Trade, Growth and Development, Senior Fellows/Fellows

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May 2022

Natural Barriers and Policy Barriers

Shang-Jin WEI , Yang JIAO
This paper investigates whether “natural” trade barriers of a country due to geography and other factors outside the country’s control stimulate more or less policy barriers such as tariffs. Our theory predicts that the politician’s relative weight on private benefits over social welfare in ...
Keywords: Natural Barriers, Institutional Quality, Trade Policy, China Shock, Reciprocated Unilateralism
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Annual Conference

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Trade, Growth and Development

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May 2022

Trade Shocks and Bank Lending: Evidence from Antidumping Investigations of Chinese Firms

Chunbo LIU, Huimin SHI, Yu WU
Using credit registry data from China, this paper examines the implications of antidumping trade shocks on exporting country’s bank loan market. We find that a onestandard-deviation trade shock leads to a 7.2% increase in the likelihood of default in relative terms. Banks respond to the shock by r...
Keywords: Antidumping, Bank Lending, China, Spillover
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Annual Conference

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Trade, Growth and Development, Senior Fellows/Fellows

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May 2022

To Own or to Rent? The Effects of Transaction Taxes on Housing Markets

Lu HAN , L. Rachel NGAI, Kevin D. SHEEDY
Using transaction records on residential property sales and leases, this paper estimates the effects of Toronto’s imposition of a tax on property purchases in 2008. Three novel effects are uncovered: (i) a rise in buy-to-rent transactions alongside a fall in transactions by owneroccupiers in spite...
Keywords: rental market, buy-to-rent investors, homeownership rate, transaction taxes.
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Annual Conference

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Trade, Growth and Development

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May 2022

SMEs Amidst the Pandemic and Reopening: Digital Edge and Transformation

Lin William CONG, Xiaohan YANG, Xiaobo ZHANG
Using administrative universal business registration data as well as primary offline and online surveys of small businesses in China, we examine (i) whether digitization helps small and medium enterprises (SMEs) better cope with the COVID-19 pandemic, and (ii) whether the pandemic has spurred digita...
Keywords: Small Businesses, COVID-19, Digital Economy, E-Commerce
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Annual Conference

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Trade, Growth and Development

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May 2022

The Distributional Impacts of Transportation Networks in China

Yang TANG, Lin MA
This paper evaluates the dynamic and distributional impacts of transportation networks in China. We argue that the quality of roads and railroads vary substantially over time and space, and therefore binary measures of connectivity in the literature are inadequate. Instead, we construct a new panel ...
Keywords: regional trade, Migration, welfare, economic geography
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