| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27510 |
| 来源ID | Working Paper 27510 |
| Using Equity Market Reactions to Infer Exposure to Trade Liberalization | |
| Andrew N. Greenland; Mihai Ion; John W. Lopresti; Peter K. Schott | |
| 发表日期 | 2020-07-13 |
| 出版年 | 2020 |
| 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 | Macroeconomics ; International Economics ; Trade ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w27510 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585184 |
| 推荐引用方式 GB/T 7714 | Andrew N. Greenland,Mihai Ion,John W. Lopresti,et al. Using Equity Market Reactions to Infer Exposure to Trade Liberalization. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27510.pdf（2275KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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