A general equilibrium analysis of FDI growth in Chinese services sectors

Latorre, María C.; Yonezawa, Hidemichi; Zhou, Jing

doi:10.1016/j.chieco.2017.09.002

Cited by 40 publications

(30 citation statements)

References 33 publications

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“…Xiang and He (2016) find that the establishment of the PFTZ has had a significantly positive impact on capital flows in Shanghai. Latorre et al (2017) find that the impact of more foreign multinationals in providing services is positive for China. Javorcik York, are defining themselves as international free trade ports or global logistics centers, because this practice is an effective way to drive regional growth in the trade, finance and service sectors.…”

Section: Free Trade Ports: the Next Step In China's Reform And Openinmentioning

confidence: 84%

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

Tian

et al. 2018

China and World Economy

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With sluggish external demand and increasing trade protectionism by the USA and the European Union, China is facing severe challenges in implementing its deeper, ongoing reforms. To respond actively to such challenges, the Communist Party of China's 19th National Congress proposed to “promote a new pattern of all‐round opening up.” In particular, the establishment of free trade ports is considered an important means to realize deeper integration with the world economy. This paper discusses the background, the motivation, the possible challenges as well as a feasible path for the successful implementation of free trade ports in China. Based on the international experience, the construction of free trade ports in China requires freer trade in goods, high mobility of talent and free capital flow.

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Section: Free Trade Ports: the Next Step In China's Reform And Openinmentioning

confidence: 84%

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

Tian

et al. 2018

China and World Economy

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“…Latorre, et al (2018) also find, however, that the entry of MNEs in Chinese service sectors crowds out national firms. This would bring about a reduction in production in the sectors to which MNEs accrue, generating a decrease in overall production in the sector.…”

Section: Service Multinationals Versus Manufacturing Multinationalsmentioning

confidence: 98%

“…Applying a CGE model, Latorre (2016), Latorre and Yonezawa (2018) and Latorre et al. (2018) find that the entry of more service multinationals leads to lower service prices. These positive effects of an increased number of varieties have also been derived in the context of trade (Broda & Weinstein, 2006 and Goldberg et al., 2009).…”

Section: Service Multinationals Versus Manufacturing Multinationalsmentioning

confidence: 99%

“…Latorre, et al (2018) analyse the recent Chinese policies of liberalisation in services. According to the OECD (2016), the 2015 edition of the 'Catalogue for the Guidance of Foreign Investment Industries' points to an active FDI attraction policy in strategic services.…”

Section: Service Multinationals Versus Manufacturing Multinationalsmentioning

confidence: 99%

“…Due to the relative small share of services in Chinese GDP of 51% in 2017 (World Bank, 2018), it seems there is a lot of scope for the growth in its service sectors. Latorre, et al (2018) derive that the entry of more service MNEs in China reduces the prices of service and benefit Chinese manufactures, which use those as inputs. As a consequence, the export competitiveness of manufactures increases, resulting in an overall positive impact for the Chinese economy.…”

Section: Service Multinationals Versus Manufacturing Multinationalsmentioning

confidence: 99%

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Foreign multinationals in service sectors: A general equilibrium analysis of Brexit

2020

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We examine the role of foreign multinationals in service sectors in the context of Brexit, which is assumed to induce an increase in different types of barriers: (a) FDI barriers to multinationals in services; (b) non‐tariff barriers to trade; and (c) import tariffs between the UK and the rest of the EU. We use a state‐of‐the‐art Melitz approach in manufactures with multinationals operating in imperfectly competitive service sectors in a multiregional general equilibrium framework. We find that the increased FDI barriers in services explain about one third of the total welfare loss of Brexit. Furthermore, our decomposition analysis (by introducing each type of barriers separately) shows that the barriers against the EU service multinationals in the UK are harmful to British manufacturing sectors because they face a reduced (and more expensive) supply of intermediate services.

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Green innovation and SO₂ emissions: Dynamic threshold effect of human capital

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Green innovation is an effective path to decrease environmental pollutions. It is of immense interest to evaluate the roles of green innovation on SO 2 emissions reduction. We also investigate the static and dynamic threshold effect of human capital in the impacting paths of different innovations on SO 2 emissions. The empirical resultsshow that the design patent increases SO 2 emissions while the development of utility patent can decrease SO 2 emissions based on the static analysis and dynamic analysis.Both the "pollution halo" and the "pollution heaven" hypotheses of foreign direct investment (FDI) are validated in China. Moreover, green innovation positively affects SO 2 emission reduction based on the System Generalized Method of Moment (SYS-GMM) estimation. Both static and dynamic panel threshold regression results reveal that the positive effects of different innovations will become larger when human capital exceeds the corresponding threshold values. Hence, it is important to enhance green human capital.

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A general equilibrium analysis of FDI growth in Chinese services sectors

Cited by 40 publications

References 33 publications

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

Foreign multinationals in service sectors: A general equilibrium analysis of Brexit

Green innovation and SO₂ emissions: Dynamic threshold effect of human capital

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A general equilibrium analysis of FDI growth in Chinese services sectors

Cited by 40 publications

References 33 publications

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

China's Free Trade Ports: Effective Action Against the Threat of De‐globalization

Foreign multinationals in service sectors: A general equilibrium analysis of Brexit

Green innovation and SO2 emissions: Dynamic threshold effect of human capital

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Product

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Green innovation and SO₂ emissions: Dynamic threshold effect of human capital