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宏观workshop： Competition and Welfare Gains from Trade: A Quantitative Analysis of China During 1995-2004
发布日期：2015-11-19 10:26 来源：北京大学国家发展研究院
时间：2015年11月19日（周四）13：30 －15：00地点：北大国家发展研究院 朗润园512
主持人：霍德明 王敏 赵波
主讲人：Wen-Tai Hsu（新加坡管理大学）
标题： Competition and Welfare Gains from Trade: A Quantitative Analysis of China During 1995-2004
摘要：This paper provides a quantitative analysis of gains from trade of China over the period of 1995-2004, which was when China experienced both rapid growth and drastically improved openness. We decompose gains from trade in two ways. First, we disentangle pro-competitive effects from a traditional Ricardian effect. Second, we separate the effect due to tariff reduction from that due to reduction in non-tariff trade cost. Our quantitative analysis shows that pro-competitive effect accounts for 25.4% of the total welfare gains from trade, whereas the allocative efficiency alone accounts for 22.3%. We also find that tariff reduction accounts for about 31.6% of reduction of overall trade cost, whereas the associated relative contribution to overall gains is slightly larger at 39.6%. In our multi-sector analysis, we find that when a sectoral markup is higher in 1995, there tends to be a larger reduction in the respective sectoral trade cost from 1995 to 2004, a tendency that is generally welfare improving. One methodological advantage of this paper's quantitative framework is that its application is not constrained by industrial/product classifications, and hence it is applicable to countries of any size.
主讲人简介：Wen-Tai Hsu,1998年毕业于国立台湾大学经济学系，2002获得该系硕士学位，并于2008获得美国明尼苏达大学经济学博士学位。现为新加坡管理大学经济学院助理教授，曾于2011-2013在新加坡国立大学做访问助理教授。Dr.Hsu的研究在多个国际顶级期刊发表，包括Ecomonic Journal，Journal of Economic Theory, Journal of International Economics, Journal of Urban Economics 等。所获奖项包括新加坡管理大学Sing Lun奖学金、新加坡管理大学经济学院杰出研究奖、Economic Journal 2012年度Austin Robinson 纪念奖等等。主要研究领域包括应用微观理论、国际经济学、城市与区域经济学以及产业组织。
详细发表信息：“Central Place Theory and City Size Distribution,” Economic Journal, 122, September 2012, pp. 903–932. Austin Robinson Memorial Prize for the best paper published in the Economic Journal in 2012 by an author who is within five years of receiving their PhD.
“Optimal City Hierarchy: A Dynamic Programming Approach to Central Place Theory,” with Thomas J. Holmes and Frank Morgan, Journal of Economic Theory, 154, November 2014, pp. 245-273.
“Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade,” with Thomas J. Holmes and Sanghoon Lee, Journal of International Economics, 94(2), November 2014, pp. 195-206.
“The Fundamental Law of Highway Congestion Revisited: Evidence from National Expressways in Japan,” with Hongliang Zhang, Journal of Urban Economics, 81, May 2014, pp. 65-76.
“Does Market Competition Lead to Customization?” with Travis Ng and Yi Lu, Journal of Economic Behavior and Organization, 106, October 2014, pp. 10-28.
“Trade, Firm Selection, and Industrial Agglomeration,” with Ping Wang, Regional Science and Urban Economics, 42(6), November 2012, pp. 975-986.
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宏观workshop： Competition and Welfare Gains from Trade: A Quantitative Analysis of China During 1995-2004
发布日期：2015-11-19 10:26 来源：北京大学国家发展研究院
时间：2015年11月19日（周四）13：30 －15：00地点：北大国家发展研究院 朗润园512
主持人：霍德明 王敏 赵波
主讲人：Wen-Tai Hsu（新加坡管理大学）
标题： Competition and Welfare Gains from Trade: A Quantitative Analysis of China During 1995-2004
摘要：This paper provides a quantitative analysis of gains from trade of China over the period of 1995-2004, which was when China experienced both rapid growth and drastically improved openness. We decompose gains from trade in two ways. First, we disentangle pro-competitive effects from a traditional Ricardian effect. Second, we separate the effect due to tariff reduction from that due to reduction in non-tariff trade cost. Our quantitative analysis shows that pro-competitive effect accounts for 25.4% of the total welfare gains from trade, whereas the allocative efficiency alone accounts for 22.3%. We also find that tariff reduction accounts for about 31.6% of reduction of overall trade cost, whereas the associated relative contribution to overall gains is slightly larger at 39.6%. In our multi-sector analysis, we find that when a sectoral markup is higher in 1995, there tends to be a larger reduction in the respective sectoral trade cost from 1995 to 2004, a tendency that is generally welfare improving. One methodological advantage of this paper's quantitative framework is that its application is not constrained by industrial/product classifications, and hence it is applicable to countries of any size.
主讲人简介：Wen-Tai Hsu,1998年毕业于国立台湾大学经济学系，2002获得该系硕士学位，并于2008获得美国明尼苏达大学经济学博士学位。现为新加坡管理大学经济学院助理教授，曾于2011-2013在新加坡国立大学做访问助理教授。Dr.Hsu的研究在多个国际顶级期刊发表，包括Ecomonic Journal，Journal of Economic Theory, Journal of International Economics, Journal of Urban Economics 等。所获奖项包括新加坡管理大学Sing Lun奖学金、新加坡管理大学经济学院杰出研究奖、Economic Journal 2012年度Austin Robinson 纪念奖等等。主要研究领域包括应用微观理论、国际经济学、城市与区域经济学以及产业组织。
详细发表信息：“Central Place Theory and City Size Distribution,” Economic Journal, 122, September 2012, pp. 903–932. Austin Robinson Memorial Prize for the best paper published in the Economic Journal in 2012 by an author who is within five years of receiving their PhD.
“Optimal City Hierarchy: A Dynamic Programming Approach to Central Place Theory,” with Thomas J. Holmes and Frank Morgan, Journal of Economic Theory, 154, November 2014, pp. 245-273.
“Allocative Efficiency, Mark-ups, and the Welfare Gains from Trade,” with Thomas J. Holmes and Sanghoon Lee, Journal of International Economics, 94(2), November 2014, pp. 195-206.
“The Fundamental Law of Highway Congestion Revisited: Evidence from National Expressways in Japan,” with Hongliang Zhang, Journal of Urban Economics, 81, May 2014, pp. 65-76.
“Does Market Competition Lead to Customization?” with Travis Ng and Yi Lu, Journal of Economic Behavior and Organization, 106, October 2014, pp. 10-28.
“Trade, Firm Selection, and Industrial Agglomeration,” with Ping Wang, Regional Science and Urban Economics, 42(6), November 2012, pp. 975-986.
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