| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17387 |
| DP17387 Using Equity Market Reactions to Infer Exposure to Trade Liberalization | |
| Anew Greenland; Mihai Ion; John Lopresti; Peter Schott | |
| 发表日期 | 2022-06-14 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We propose a method for identifying exposure to changes in trade policy based on asset prices that has several advantages over standard measures: it encompasses all avenues of exposure, it is natively firm-level, it yields estimates for both goods and service producers, and it can be used to study reductions in difficult-to-quantify non-tariff-barriers in a way that controls naturally for broader macroeconomic shocks. Applying our method to two well-studied US trade liberalizations provides new insight into service sector responses to trade liberalizations as well as dramatically different responses among small versus large firms, even within narrow industries. |
| 主题 | Financial Economics ; International Trade and Regional Economics |
| 关键词 | China shock Event study Pntr Abnormal returns Cusfta |
| URL | https://cepr.org/publications/dp17387 |
| 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/546442 |
| 推荐引用方式 GB/T 7714 | Anew Greenland,Mihai Ion,John Lopresti,et al. DP17387 Using Equity Market Reactions to Infer Exposure to Trade Liberalization. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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