Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis

Albert Park, Dean Yang, Xinzheng Shi and Yuan Jiang

No 14632, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct firm-specific exchange rate shocks based on the pre-crisis destinations of firms' exports. Because the shocks were unanticipated and large, they are a plausible instrument for identifying the impact of exporting on firm productivity and other outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and that export growth leads to increases firm productivity and other firm performance measures. Consistent with "earning-by-exporting", the productivity impact of export growth is greater when firms export to more developed countries.

JEL-codes: D24 F10 F31 L60 (search for similar items in EconPapers)
Date: 2009-01
New Economics Papers: this item is included in nep-bec, nep-cna, nep-dev, nep-eff, nep-int and nep-sea
Note: ITI
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Citations: View citations in EconPapers (22)

Published as Albert Park & Dean Yang & Xinzheng Shi & Yuan Jiang, 2010. "Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis," The Review of Economics and Statistics, MIT Press, vol. 92(4), pages 822-842, November.

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Related works:
Journal Article: Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis (2010)
Working Paper: Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis (2006)
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