Is competition from China so special?
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Fecha
2021-01
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Blackwell Publishing Ltd
Resumen
Competition from China is perceived as particularly damaging. We study whether this is true for firm performance. Using the universe of Spanish export transactions, we find that an increase in competition from China does not have a more damaging effect on export revenues, prices and number of exported products than an equally sized increase in competition from other countries. We document, though, that Chinese competition raises the probability that a firm ceases to export a good to a destination more than competition from other countries. This effect declines over time. We document an omitted variable bias in studies focusing only on Chinese competition, even when controlling for unobserved heterogeneity of destinations for different products within firms.
Palabras clave
China
Competition
Exports
Spain
Transaction-level data
Competition
Exports
Spain
Transaction-level data
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Materias
Cita
Heid, B., Mínguez, R., & Minondo, A. (2021). Is competition from China so special? World Economy, 44(1), 64-88. https://doi.org/10.1111/TWEC.12991