主题：Bilateral Economies of Scope

主讲：Sichuang Xu  Assistant Professor

会议时间：2024年5月14日 13:30-15:00

会议地点：半岛·体育bob官方网站714会议室

内容简介：International transactions are costly because they require investments in logistics, contracts, and the acquisition of local institutional knowledge. We posit that a portion of the fixed costs of entering a specific export market can be used toward costs of acquiring imports from that same market, and vice versa. Using dis-aggregated transactions data for Chinese firms from 2000 to 2015, we document firm-level trading patterns that suggest such market-specific bilateral economies of scope. Using a structural model, we estimate that the simultaneous export and import in a given country reduces export and import fixed costs by over 41 and 37 percent, respectively.

个人简介：Prof. Sichuang Xu is an Assistant Professor of Economics in The Chinese University of Hong Kong, Shenzhen. He received his B.A in Finance from Sun Yat-sen University and his Ph.D. from Hong Kong University of Science and Technology. His research interests are macroeconomics, financial economics and international economics.