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经济科学 - 2021, Vol. 43(1): 18-30
目的国风险与出口商品质量
Demand Risk and Export Quality

胡翠1, 胡增玺2, 许召元3
Hu Cui1, Hu Zengxi2, Xu Zhaoyuan3

1.中央财经大学国际经济与贸易学院 北京 102206;
2.浙江大学中国数字贸易研究院 浙江杭州 310058;
3.国务院发展研究中心产业经济研究部 北京 100010
1. Central University of Finance and Economics;
2. China Academy of Digital Trade, Zhejiang University;
3. Development Research Center of The State Council

出版日期: 2021-02-23
2021, Vol. 43(1): 18-30
DOI: 10.12088/PKU.jjkx.2021.01.02


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摘要 本文主要研究目的国风险对出口商品质量的影响。理论上,本文在Borcherding和Silberberg(1978)的框架下阐述目的国风险对出口商品质量的影响机制,并得到目的国风险下降将提高出口到该市场上商品质量的结论。利用1985-2011年跨国面板数据,以出口国银行对进口国银行的贷款笔数作为出口国企业面临风险的代理变量,本文实证研究结果表明,目的国风险下降确实有利于提高出口商品质量,这与理论模型的结论一致。此外,实证研究还发现风险下降对商品质量存在异质性影响。本文的研究有利于理解中国的“品质洼地”现象,能为建设“制造强国”提供一定启示。
关键词 目的国风险出口商品质量国家间银行贷款    
Abstract:This paper tries to explain the “Washington Apple Effect” from the perspective of risk. Theoretically, we build a partial equilibrium model based on the skeleton of Borcherding and Silberberg (1978). Under assumptions of product price determined by cost and risk premium, and the elasticity of risk premium to risk is higher for product with higher quality, we have a proposition that decreasing risk will enhance quality of traded product. Empirically, our sample uses cross-border panel data with the period of 1985~2011, product quality estimated by the method proposed by Feenstra and Romalis (2014), and risk proxy estimated by syndicate bank loans between trade partners. The estimated results show that the declining of risk in the destination market will improve the quality of products exporting to the market, which is consistent with the conclusion of theoretical model. The above results hold for controlling different fixed effects, more possible bilateral affecting factors, and different proxies for the risk. In addition, we find that the higher risk destinations or the higher risk of products, the higher of the effect for declining risk on the quality of traded products.
Key wordsrisk    product quality    bank linkage
ZTFLH:  F740.6  
基金资助:* 本研究得到国家自然科学基金面上项目(项目编号:71873153)、“中央财经大学一流学科建设项目-全球价值链背景下国际贸易理论与政策的重新审视”资助支持
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