Credit constraints, firm ownership and the structure of exports in China

Article dans une revue: We investigate how the export performance in China is influenced by credit constraints. Using panel data from Chinese customs, we show that credit constraints affect the sectoral composition of exports. We confirm that credit constraints provide an advantage to foreign-owned firms and joint ventures over private domestic firms in sectors with higher levels of financial vulnerability. We show that these distortions have been lessened over the period in conjunction with the reduction of State control over the financial intermediation system.

Auteur(s)

Joachim Jarreau, Sandra Poncet

Revue
  • International Economics
Date de publication
  • 2014
Mots-clés JEL
F10 F14 F23 F36 G32
Mots-clés
  • International trade
  • Firm ownership
  • Export margins
  • Credit constraints
  • Financial development
Pages
  • 52-173
Version
  • 1
Volume
  • 139