| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7345 |
| DP7345 The Time-Varying Systematic Risk of Carry Trade Strategies | |
| Paul Söderlind; Charlotte Christiansen; Angelo Ranaldo | |
| 发表日期 | 2009-06-28 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper empirically evaluates the effects of antidumping measures on the exports of protected firms. While antidumping protection raises the domestic sales of the more ?traditional? non-exporting firms on the protected market with about 5%, it negatively affects the firm-level exports of similar products as the protected ones. Export sales of protected firms fall by almost 8% compared to a relevant control group of unprotected firms. The drop in firm-level exports more than doubles for firms that are global, i.e. firms with foreign affiliates. Measured at the product-level, extra-EU exports of goods protected by antidumping fall by 36% while exports to target countries fall by as much as 66% following protection. Protection also affects the extensive margin of exporters but to a lesser extent. Initial exporters face a marginally higher probability to stop exporting during protection compared to unprotected firms. Finally, we find that the productivity of exporters falls while that of non-exporters rises during antidumping protection. We offer a number of plausible explanations for our findings arising from the heterogeneous firm literature. We also discuss the importance of our findings for policy. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Antidumping Firm-level exports Intensive margin Extensive margin Productivity Dif-in dif |
| URL | https://cepr.org/publications/dp7345 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536182 |
| 推荐引用方式 GB/T 7714 | Paul Söderlind,Charlotte Christiansen,Angelo Ranaldo. DP7345 The Time-Varying Systematic Risk of Carry Trade Strategies. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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