Containing Chinese state-owned enterprises? The role of deep trade agreements

Kevin Lefebvre (), Nadia Rocha () and Michele Ruta
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Kevin Lefebvre: CEPII
Nadia Rocha: World Bank

Review of World Economics (Weltwirtschaftliches Archiv), 2023, vol. 159, issue 4, No 3, 887-920

Abstract: Abstract Regional trade agreements increasingly include provisions that regulate state-owned enterprises. This paper combines new information on the content of “deep” regional trade agreements and data on Chinese firm-level exports during 2000–2011 to analyze the spillover effect of rules on state-owned enterprises on the intensive and extensive margins of Chinese state-owned enterprises’ trade. Rather than containing state capitalism, regional trade agreements regulating state-owned enterprises signed by Chinese trading partners with third countries increase exports and entry of Chinese state-owned enterprises as they gain a competitive edge in regulated markets. This spillover effect is robust to several extensions and is even stronger for agreements that include rules on subsidies and competition policy. This finding points to the need for commonly agreed multilateral rules to regulate state owned enterprises.

Keywords: State-owned enterprises; Regional trade agreements; China (search for similar items in EconPapers)
JEL-codes: F1 F12 F13 F14 P31 P33 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10290-022-00484-z

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