Gains from trade or from catching-up? Value creation and distribution in the era of China’s WTO accession

Giovanni Dosi, Maria Enrica Virgillito, Xiaodan Yu

Research output: Journal PublicationArticlepeer-review

Abstract

In this article we focus on the role of exports in Chinese economic development in the era of WTO accession. We address a series of different, although connected, questions. First, do Chinese exporting and non-exporting firms differ in terms of their productivity performance and paid wages? Second, to what extent exporting and non-exporting firms have contributed to the process of convergence and catching-up? Third, does the productivity-wage pass-through differ between exporting and non-exporting firms? Overall our findings downplay the role of exporting firms as both carriers of labor productivity and wage growth for the Chinese economy. In this respect, “gains from catching-up” outweigh any “gain from trade”.

Original languageEnglish
JournalEurasian Business Review
DOIs
Publication statusAccepted/In press - 2022
Externally publishedYes

Keywords

  • Event studies
  • Export
  • Productivity
  • Trade
  • Wage

ASJC Scopus subject areas

  • Business, Management and Accounting (all)
  • Economics, Econometrics and Finance (miscellaneous)

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