企业异质性视角下美国对华反倾销对中国企业出口的影响

doi:10.16381/j.cnki.issn1003-207x.2021.1723

Abstract

Abstract:

The anti-dumping measures are critical trade barriers to China’s export， the United States is the major country conducts anti-dumping investigation against Chinese companies， and the export-oriented companies are important participants for China participating in the international economic cycle. Thus， it is of great theoretical and practical significance to investigate the effects of US anti-dumping measures on the exports of China’s enterprises. Moreover， since different types of enterprises owns various abilities in risk aversion， resilience， and dealing with the trade barriers， further research on the impact of anti-dumping measures on different types of enterprises will provide an important reference for policymakers and entrepreneurs.By matching the Chinese Industrial Enterprise Database and the Global Anti-dumping Database， the effects of US anti-dumping measures on the exports of China’s enterprises are investigated， distinguishing the heterogeneities between enterprises with different business size， ownership， and locations.The empirical findings show that the US anti-dumping measures not only significantly declined the export value of China’s enterprises， but also significantly reduce their export probability. When distinguishing the enterprise heterogeneities， first， the US anti-dumping measures has larger negative effects on the export probability of small and micro enterprises than that of large and medium-sized enterprises. Secondly， it also generates larger negative effects on the export value of state-owned enterprises than that of private enterprises and foreign-funded enterprises. In the end， it’s negative effects on export value and export probability is highest for enterprises located in western region， followed by that located in eastern region and central region.

Key words: anti-dumping measures, trade barriers, export, enterprise heterogeneity

CLC Number:

Yu Zhang,Xiang Gao,Junrong Zhang,Cuihong Yang. The Effects of Anti-dumping on China's Export from the Perspective of Enterprise Heterogeneity[J]. Chinese Journal of Management Science, 2024, 32(7): 45-53.

Figures/Tables 6

变量	$l n (e x p o r t)$
变量	(1)	(2)	(3)	(4)	(5)	(6)
$A D$	-1.6937^***	-1.6661^***	-1.7154^***	-1.4960^***	-1.5214^***	-1.5836^***
$A D$	(-4.45)	(-4.39)	(-4.41)	(-3.79)	(-3.83)	(-4.08)
$l n p r o d u c t i v i t y$	0.7534^***	0.7363^***	0.6934^**	0.7486^***	0.6787^**	0.7709^***
$l n p r o d u c t i v i t y$	(2.89)	(2.84)	(2.57)	(2.78)	(2.42)	(2.88)
$l n K L$	-0.1261	-0.1261	-0.0835	-0.0704	0.0262	0.0498
$l n K L$	(-0.98)	(-0.99)	(-0.57)	(-0.48)	(0.12)	(0.24)
$i n n o v a t i o n$	1.8036^***	1.8700^***	1.8567^***	1.8061^***	1.6317^**	1.7668^**
$i n n o v a t i o n$	(2.58)	(2.69)	(2.66)	(2.60)	(2.34)	(2.58)
$l n p e r w a g e$	0.4819	0.4322	0.4375	0.4298	0.4090	0.2376
$l n p e r w a g e$	(1.61)	(1.45)	(1.46)	(1.44)	(1.37)	(0.85)
$l n g d p_C h i n a$	3.1568^***	3.1328^***	1.9781	1.7397	11.5216^***	9.5700^**
$l n g d p_C h i n a$	(7.33)	(7.29)	(0.99)	(0.88)	(2.84)	(2.57)
$l n s u b s i d y$		0.0972^**	0.0960^**	0.0927^**	0.0843^**	0.0864^**
$l n s u b s i d y$		(2.31)	(2.28)	(2.21)	(2.00)	(2.17)
$a g e$			0.1894	0.3087	-2.1122^**	-1.6179^*
$a g e$			(0.59)	(0.96)	(-2.14)	(-1.80)
$a g e 2$				-0.0035^***	-0.0034^***	-0.0032^**
$a g e 2$				(-2.72)	(-2.64)	(-2.53)
常数项	-19.0853^***	-18.8915^***	-12.4380	-11.0456	-53.3864^***	-46.2320^***
常数项	(-7.54)	(-7.48)	(-1.12)	(-0.99)	(-2.82)	(-2.60)
时间固定效应	否	否	否	否	是	是
企业固定效应	是	是	是	是	是	是
样本量	768	768	768	768	768	850
$R ? 2$	0.2574	0.2639	0.2643	0.2733	0.2830	0.2865

变量	Tobit估计			OLS估计
变量	(1)	(2)	(3)	(4)	(5)	(6)
$A D$	-0.1216^***	-0.1235^***	-0.1246^***	-0.1216^***	-0.1235^***	-0.1246^***
$A D$	(-3.77)	(-3.83)	(-3.97)	(-3.35)	(-3.39)	(-3.50)
$l n p r o d u c t i v i t y$	0.0350	0.0254	0.0332	0.0350	0.0254	0.0332
$l n p r o d u c t i v i t y$	(1.59)	(1.12)	(1.54)	(1.41)	(0.99)	(1.36)
$l n K L$	-0.0040	0.0130	0.0143	-0.0040	0.0130	0.0143
$l n K L$	(-0.34)	(0.76)	(0.86)	(-0.30)	(0.67)	(0.76)
$i n n o v a t i o n$	0.2089^***	0.1883^***	0.1997^***	0.2089^***	0.1883^***	0.1997^***
$i n n o v a t i o n$	(3.69)	(3.33)	(3.61)	(3.27)	(2.94)	(3.19)
$l n p e r w a g e$	0.0562^**	0.0534^**	0.0413^*	0.0562^**	0.0534^*	0.0413
$l n p e r w a g e$	(2.31)	(2.21)	(1.82)	(2.05)	(1.95)	(1.61)
$l n g d p_C h i n a$	0.0763	1.0869^***	0.8798^***	0.0763	1.0869^***	0.8798^***
$l n g d p_C h i n a$	(0.47)	(3.30)	(2.93)	(0.42)	(2.92)	(2.59)
$l n s u b s i d y$	0.0074^**	0.0065^*	0.0071^**	0.0074^*	0.0065^*	0.0071^*
$l n s u b s i d y$	(2.18)	(1.92)	(2.20)	(1.93)	(1.70)	(1.94)
$a g e$	0.0220	-0.2155^***	-0.1641^**	0.0220	-0.2155^**	-0.1641^**
$a g e$	(0.84)	(-2.70)	(-2.26)	(0.75)	(-2.38)	(-2.00)
$a g e 2$	-0.0004^***	-0.0004^***	-0.0003^***	-0.0004^***	-0.0004^***	-0.0003^***
$a g e 2$	(-3.50)	(-3.47)	(-3.46)	(-3.10)	(-3.06)	(-3.06)
常数项	0.0902	-6.2956^***	-5.0338^***	-0.1937	-4.7843^***	-3.9989^**
常数项	(0.08)	(-3.02)	(-2.64)	(-0.19)	(-2.75)	(-2.46)
时间固定效应	否	是	是	否	是	是
企业固定效应	是	是	是	是	是	是
样本量	768	768	850	768	768	850
$R ? 2$	-	-	-	0.1540	0.1692	0.1653

变量	$l n e x p o r t$			$E X d m$
变量	(1)	(2)	(3)	(4)	(5)	(6)
$A D$	-1.1478	-1.2230^*	-1.2771^*	-0.0756	-0.0821	-0.0822^*
$A D$	(-2.61)	(-3.38)	(-3.86)	(-2.11)	(-2.92)	(-3.37)
$A D × b i g$	-0.3624	-0.3277	-0.4100	-0.0324	-0.0308	-0.0375
$A D × b i g$	(-0.67)	(-0.72)	(-0.92)	(-0.76)	(-0.89)	(-1.08)
$A D × s m a l l$	-0.6776	-0.5621	-0.5190	-0.1025^**	-0.0903^**	-0.0882^*
$A D × s m a l l$	(-2.33)	(-2.07)	(-1.72)	(-4.51)	(-4.30)	(-3.74)
常数项	-11.7113	-102.7188^**	-85.4236^**	-0.3055	-9.3345^*	-7.4812^**
常数项	(-0.76)	(-4.48)	(-9.08)	(-0.20)	(-4.01)	(-8.98)
其他控制变量	是	是	是	是	是	是
时间固定效应	否	是	是	否	是	是
企业固定效应	是	是	是	是	是	是
样本量	768	768	850	768	768	850
$R ? 2$	0.2741	0.2836	0.2870	0.1565	0.1711	0.1671

变量	$l n e x p o r t$			$E X d m$
变量	(1)	(2)	(3)	(4)	(5)	(6)
$A D$	-0.7138^**	-0.7310^**	-0.7750^**	-0.0719^**	-0.0745^***	-0.0729^**
$A D$	(-5.37)	(-6.66)	(-5.59)	(-6.58)	(-21.41)	(-9.34)
$A D * s t a t e$	-0.5307^*	-0.5694^**	-0.6480^**	-0.0009	-0.0069	-0.0138
$A D * s t a t e$	(-3.03)	(-4.37)	(-9.33)	(-0.06)	(-0.57)	(-1.63)
$A D * f o r e i g n$	-0.9896	-1.0012	-0.9902	-0.0709^*	-0.0691	-0.0698
$A D * f o r e i g n$	(-2.71)	(-2.66)	(-2.69)	(-3.33)	(-2.84)	(-2.68)
常数项	-9.5024	-95.3212	-79.3515	-0.0654	-8.8861	-7.1104
常数项	(-1.71)	(-2.02)	(-1.83)	(-0.11)	(-1.98)	(-1.67)
其他控制变量	是	是	是	是	是	是
时间固定效应	否	是	是	否	是	是
企业固定效应	是	是	是	是	是	是
样本量	768	768	850	768	768	850
$R ? 2$	0.2830	0.2914	0.2946	0.1596	0.1736	0.1697

变量	国有企业		外资企业		t检验
变量	样本量	均值	样本量	均值	均值差异
$l n s u b s i d y$	127	5.860	741	1.812	4.048^***
	国有企业		民营企业		t检验
	样本量	均值	样本量	均值	均值差异
$l n s u b s i d y$	127	5.860	513	2.208	3.652^***
	民营企业		外资企业		t检验
	样本量	均值	样本量	均值	均值差异
$l n s u b s i d y$	513	2.208	741	1.812	0.396^***

变量	$l n e x p o r t$			$E X d m$
变量	(1)	(2)	(3)	(4)	(5)	(6)
$A D$	-0.5486^**	-0.6659^**	-0.7674^***	-0.0955^***	-0.1050^***	-0.1107^***
$A D$	(-5.80)	(-7.31)	(-19.41)	(-13.47)	(-12.65)	(-25.17)
$A D × e a s t$	-0.9986^***	-0.8920^***	-0.8439^***	-0.0279^***	-0.0188	-0.0136
$A D × e a s t$	(-47.32)	(-19.16)	(-25.92)	(-15.08)	(-2.77)	(-2.41)
$A D × w e s t$	-1.7513^***	-1.7452^***	-1.7655^***	-0.0415^***	-0.0449^***	-0.0437^**
$A D × w e s t$	(-73.32)	(-30.57)	(-17.37)	(-10.78)	(-19.91)	(-6.49)
常数项	-11.2450	-103.1968^***	-85.8753^***	-0.2007	-9.3806^***	-7.5204^***
常数项	(-2.09)	(-48.67)	(-35.98)	(-0.24)	(-39.59)	(-26.47)
其他控制变量	是	是	是	是	是	是
时间固定效应	否	是	是	否	是	是
企业固定效应	是	是	是	是	是	是
样本量	768	768	850	768	768	850
$R ? 2$	0.2745	0.2842	0.2875	0.1541	0.1693	0.1654

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The Effects of Anti-dumping on China's Export from the Perspective of Enterprise Heterogeneity

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