scholarly journals Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters

2013 ◽  
Vol 103 (6) ◽  
pp. 2169-2195 ◽  
Author(s):  
Amit K Khandelwal ◽  
Peter K Schott ◽  
Shang-Jin Wei
Keyword(s):  
Trade Liberalization ◽  
Institutional Reform ◽  
Trade Barriers ◽  
Firm Productivity ◽  
Export Prices ◽  
Before And After ◽  
Export Volume

If trade barriers are managed by inefficient institutions, trade liberalization can lead to greater-than-expected gains. We examine Chinese textile and clothing exports before and after the elimination of externally imposed export quotas. Both the surge in export volume and the decline in export prices following quota removal are driven by net entry. This outcome is inconsistent with a model in which quotas are allocated based on firm productivity, implying misallocation of resources. Removing this misallocation accounts for a substantial share of the overall gain in productivity associated with quota removal. (JEL F13, F14, L67, O14, O19, P23, P33)

scholarly journals Rezim Global dan Liberalisasi Perdagangan Sektor Garam di Indonesia

2020 ◽  
Vol 12 (2) ◽  
pp. 120-139
Author(s):  
Esti Renatalia Tanaem ◽  
Puguh Toko Arisanto
Keyword(s):  
Trade Liberalization ◽  
Domestic Market ◽  
Trade Barriers ◽  
International Pressure ◽  
International Pressures

Known as a maritime country, Indonesia is still unable to meet its need of salts, especially industrial salts. As a result, Indonesia has to import salts from various countries with an increasingly higher volume each year. Using theory of two-level games, authors found that the salt importing policy cannot be separated from international pressures so that Indonesia undertakes trade liberalization on salt sector. The international pressure emanated from three global regimes namely WTO, IMF and FTA. The three global regimes basically require Indonesia to liberalize its domestic market by removing tariff and non-tariff trade barriers in various sectors including salt. This paper will explain the mechanism and scheme of the three global regimes in liberalizing Indonesia's trade on salt sector.

MODEL KERAGAAN SAYUR DAN BUAH SEBELUM DAN SESUDAH ERUPSI GUNUNG SINABUNG DI KABUPATEN KARO SUMATERA UTARA

2017 ◽  
Vol 9 (3) ◽  
pp. 23
Author(s):  
Satia Negara Lubis ◽  
T Sabrina ◽  
Lili Fauziah
Keyword(s):  
Development Model ◽  
Data Series ◽  
Policy Simulation ◽  
Simultaneous Production ◽  
Export Prices ◽  
Significant Difference ◽  
Before And After ◽  
Domestic Prices ◽  
Vegetables And Fruits ◽  
North Sumatra

An eruption of Mount Sinabung since 2010 up to now have an impact on the production and export of vegetables and fruits in the district of Karo.  The purpose of this research is 1) To analyze the supply-demand of vegetables and fruits in North Sumatra after the eruption of Mount Sinabung since 2010 and compare it with before the the eruption of Mount Sinabung And 2) To build a horticultural development model after the eruption of Mount Sinabung from the aspects of farming, middle-farm and post-harvest also policy simulation The analyzed data was the data series of Karo regency using the simultane model with method estimation two SLS. The result of analysis showed that there was no significant difference in the production of vegetables and fruits before and after the eruption of Mount Sinabung in Karo regency. While at the variable price shows that there was a significant difference before and after the eruption of  Mount Sinabung As the simultaneous production, consumption, exports, domestic prices, horticulture export prices in the Karo district affect one another and the policy to develop production and horticulture export was by minimizing Bank Indonesia’s rate and decreasing the price of fertilizer by 10 percent.

scholarly journals Fund performance-flow relationship and the role of institutional reform

2018 ◽  
Vol 15 (1) ◽  
pp. 311-327
Author(s):  
Jinyu Feng ◽  
Wenzhao Wang
Keyword(s):  
Market Efficiency ◽  
Mutual Fund ◽  
Positive Impact ◽  
Institutional Reform ◽  
Institutional Development ◽  
Positive Influence ◽  
Investment Fund ◽  
Before And After ◽  
Star Performers ◽  
Performance Flow

Extant literature shows the positive impact of institutional development on investor rationality and market efficiency. The authors extend this evidence by investigating the performance-flow relationship in the Chinese mutual fund market before and after the enforcement of the revised Law of the People’s Republic of China on Securities Investment Fund. Empirical evidence reveals that Chinese investors irrationally chase past star performers before institutional reform, but gradually become rational and less obsessed with star-chasing behaviors after reform. Moving one percentile upward in the relative performance among the star funds is associated with money inflows by 0.532% after reform, much lower than 1.433% before reform. The findings confirm the positive influence of institutional development on investor rationality and market efficiency. The successful experience can be borrowed by other emerging markets with less developed institutions.

Judicial Efficiency and Firm Productivity: Evidence from a World Database of Judicial Reforms

2020 ◽  
Vol 102 (1) ◽  
pp. 49-64 ◽  
Author(s):  
Matthieu Chemin
Keyword(s):  
Standard Deviation ◽  
Foreign Aid ◽  
Contract Enforcement ◽  
Firm Productivity ◽  
Specific Investments ◽  
Judicial Efficiency ◽  
Before And After ◽  
Triple Difference ◽  
Enforcement Mechanisms

I assemble and classify a database of judicial reforms funded by foreign aid agencies as either comprehensive (targeting all characteristics of quality, speed, access) or limited reform. A triple difference is used to compare firms in countries with or without judicial reforms, before and after reforms, and in sectors more or less reliant on contract enforcement mechanisms, due to their need for relationship-specific investments. I find that externally financed comprehensive judicial reforms improve perceptions of judiciary efficiency (for all firms) and firm productivity (for sectors relying on relationship-specific investments) by 0.15 and 0.09 (22%) standard deviation, respectively.

Trade liberalization, roads and firm productivity

2021 ◽  
pp. 102712
Author(s):  
Matteo Fiorini ◽  
Marco Sanfilippo ◽  
Asha Sundaram
Keyword(s):  
Trade Liberalization ◽  
Firm Productivity
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