| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27910 |
| 来源ID | Working Paper 27910 |
| Firm Input Choice Under Trade Policy Uncertainty | |
| Kyle Handley; Nuno Limão; Rodney D. Ludema; Zhi Yu | |
| 发表日期 | 2020-10-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine the role of trade policy uncertainty in shaping the import decisions of firms. If the adoption of a new input requires a sunk cost investment, then the prospect of price increases in that input, e.g. due to trade barriers, reduces the adoption of that input (a substitution effect) and possibly other inputs (complementarity via lower profits). Thus trade policy uncertainty can affect a firm’s entire input mix. We provide a new model of input price uncertainty that captures both effects and derive its empirical implications. We test these using an important episode that lowered input price uncertainty: China’s accession to the WTO and the associated commitment to bind its import tariffs. We estimate large increases in imported inputs by firms from accession; the reduced uncertainty from commitment generates substitution effects larger than the reductions in applied tariffs in 2000-2006 and has significant profit effects. |
| 主题 | International Economics ; Trade ; Globalization and International Relations ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w27910 |
| 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/585584 |
| 推荐引用方式 GB/T 7714 | Kyle Handley,Nuno Limão,Rodney D. Ludema,et al. Firm Input Choice Under Trade Policy Uncertainty. 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 | ||
| w27910.pdf（689KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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