英国威廉希尔公司经济学前沿高端讲座第四十二讲

The Mechanics of Growing and Maintaining a Supplier Base: Evidence from Chinese Firms

主讲人：李瑶副教授（香港科技大学）

主持人：杨程助理教授（英国威廉希尔公司李安民经济研究院）

嘉宾介绍：马湘君教授（英国威廉希尔公司中国经济研究院）

时间：2023年12月12日（周二） 10：00-11：30（北京时间）

地点：英国威廉希尔公司崇山校区五洲园一楼会议室

线上地址：腾讯会议：835-740-939

语言：中英文

摘要：

This paper aims to improve our understanding of the constraints that heterogeneous firms face in expanding and maintaining their supplier base and in responding to unanticipated shocks to this base. Based on highly disaggregated firm-productcountry trade data, we analyze the evolution of Chinese firms’ sourcing decisions in the wake of China’s entry into the WTO in 2001 and document three stylized facts using anti-dumping (AD) investigations as unanticipated trade shock. We next build a simple model of firm’s sourcing search capacity to explain the observed supplier network adjustment among Chinese firms. To test the model predictions, we examine the impact of China’s AD investigations towards other countries’ exported goods on Chinese firms’ import supplier network decisions (entry and exit of import origin markets, other than the targeted sourcing origins) for both targeted and non-targeted imports. We find that once subject to AD shock, firms are more likely to explore new origins and also more likely to exit existing origins for targeted imports, while they become more sluggish about entry and exit decision for nontargeted imports. Firms show more churning in import sourcing supplier network adjustment in terms of entry and exit for targeted imports, but the opposite pattern obtains for non-targeted imports. Moreover, the importing supplier network response to AD shock presents significant heterogeneity across firms. Combining trade data with firm-level production data, we find that small, less productive firms or firms with smaller supplier base more actively adjust import sourcing supplier network on both targeted and non-targeted imports when facing AD shock, while large, more productive firms or firms with greater supplier base show more modest churning in their sourcing supplier network adjustment。

主讲人简介：

李瑶，香港科技大学工商管理学院经济系副教授(终身教职)，于2010年获得加拿大西安大略大学经济学博士，于2001年及2003年获得北京大学经济学学士及经济学硕士。现担任香港科技大学经济发展中心副主任、大欧亚研究中心副主任及新兴市场研究院研究员，兼任中国国际贸易研究会（CTRG）副会长、粤港澳高校质量联盟联合秘书长等。主要研究领域为国际贸易、国际金融和经济发展，研究成果现已发表于经济学领域多个国际顶级期刊，包括Review of Economics and Statistics、American Economic Journal: Macroeconomics、Journal of International Economics、Journal of Development Economics、Journal of International Money and Finance、Journal of Comparative Economics 及 European Economic Review 等，并为多个国际顶级期刊担任匿名审稿人。