All Outputs (5)

Payment choice in international trade: theory and evidence from cross-country firm-level data (2016)
Journal Article
Hoefele, A., Schmidt-Eisenlohr, T., & Yu, Z. (in press). Payment choice in international trade: theory and evidence from cross-country firm-level data. Canadian Journal of Economics / Revue Canadienne d'Économique, 49(1), 296-319. https://doi.org/10.1111/caje.12198

When trading across borders, firms choose between different payment contracts. Theoretically, this should allow firms to trade-off differences in financing costs and enforcement across countries. This paper provides evidence for this hypothesis emplo... Read More about Payment choice in international trade: theory and evidence from cross-country firm-level data.

What can explain the Chinese patent explosion? (2016)
Journal Article
Eberhardt, M., Helmers, C., & Yu, Z. (2017). What can explain the Chinese patent explosion?. Oxford Economic Papers, 69(1), 239-262. https://doi.org/10.1093/oep/gpw042

We analyse the ‘explosion’ of patent filings by Chinese residents both domestically and in the United States during the early 2000s, employing a unique dataset of 374,000 firms matching patent applications to manufacturing census data. Our analysis r... Read More about What can explain the Chinese patent explosion?.

Volatility and diversification of exports: firm level theory and evidence (2016)
Journal Article
Vannoorenberghe, G., Zheng, W., & Yu, Z. (2016). Volatility and diversification of exports: firm level theory and evidence. European Economic Review, 89, 216-247. https://doi.org/10.1016/j.euroecorev.2016.07.002

We show using detailed firm-level Chinese data that, among small exporters, firms selling to a more diversified set of countries have more volatile exports, while the opposite holds among large exporters. This apriori surprising result for small firm... Read More about Volatility and diversification of exports: firm level theory and evidence.

Quality selection, sectoral heterogeneity and Chinese exports (2016)
Journal Article
Kneller, R., & Yu, Z. (2016). Quality selection, sectoral heterogeneity and Chinese exports. Review of International Economics, 24(4), 857-874. https://doi.org/10.1111/roie.12241

Recent models of international trade have identified product quality as an important determinant of bilateral trade flows. In this paper we examine the relationship between the characteristics of the export market and the aggregate quality of product... Read More about Quality selection, sectoral heterogeneity and Chinese exports.

How firms export: processing vs. ordinary trade with financial frictions (2016)
Journal Article
Manova, K., & Yu, Z. (2016). How firms export: processing vs. ordinary trade with financial frictions. Journal of International Economics, 100, https://doi.org/10.1016/j.jinteco.2016.02.005

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choi... Read More about How firms export: processing vs. ordinary trade with financial frictions.