Arbeitspapier

Government credit and trade war

By merging transaction-level trade data from China Customs and loan data from the China Development Bank (CDB), we analyze the effects of government credit on trade activities. We find that CDB credit mainly flows to SOEs in strategic industries at the top of the supply chain. These up-stream loans lead to the lower price and higher amount of export goods of private firms in down-stream industries, which leads to decreases in employment and performance of the US firms in the same industry. In contrast, the US firms in downstream industries use cheaper intermediate goods imported from China and perform better subsequently.

ISBN
978-952-323-270-9
Sprache
Englisch

Erschienen in
Series: BOFIT Discussion Papers ; No. 7/2019

Klassifikation
Wirtschaft
Money Supply; Credit; Money Multipliers
International Finance: General
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
Thema
government credit
export
supply chain
trade war

Ereignis
Geistige Schöpfung
(wer)
Cai, Ning
Feng, Jinlu
Liu, Yong
Ru, Hong
Yang, Endong
Ereignis
Veröffentlichung
(wer)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(wo)
Helsinki
(wann)
2019

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Cai, Ning
  • Feng, Jinlu
  • Liu, Yong
  • Ru, Hong
  • Yang, Endong
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Entstanden

  • 2019

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