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

Albert Park, Dean Yang, Xinzheng Shi and Yuan Jiang
Additional contact information
Yuan Jiang: National Bureau of Statistics, China

The Review of Economics and Statistics, 2010, vol. 92, issue 4, 822-842

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 precrisis 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 in firm productivity and other firm performance measures. Consistent with "learning-by-exporting," the productivity impact of export growth is greater when firms export to more developed countries. (c) 2010 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (153)

Downloads: (external link)
http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00033 link to full text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis (2009)
Working Paper: Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:restat:v:92:y:2010:i:4:p:822-842

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().