ZHIHONG YU's Outputs (11)

Growing Like China: Firm Performance and Global Production Line Position (2021)
Journal Article
Chor, D., Manova, K., & Yu, Z. (2021). Growing Like China: Firm Performance and Global Production Line Position. Journal of International Economics, 130, Article 103445. https://doi.org/10.1016/j.jinteco.2021.103445

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms posit... Read More about Growing Like China: Firm Performance and Global Production Line Position.

Expert assessment of future vulnerability of the global peatland carbon sink (2020)
Journal Article
Loisel, J., Gallego-Sala, A. V., Amesbury, M. J., Magnan, G., Anshari, G., Beilman, D. W., …Wu, J. (2020). Expert assessment of future vulnerability of the global peatland carbon sink. Nature Climate Change, https://doi.org/10.1038/s41558-020-00944-0

© 2020, The Author(s), under exclusive licence to Springer Nature Limited. The carbon balance of peatlands is predicted to shift from a sink to a source this century. However, peatland ecosystems are still omitted from the main Earth system models th... Read More about Expert assessment of future vulnerability of the global peatland carbon sink.

Trade and management (2020)
Journal Article
Bloom, N., Manova, K., Van Reenen, J., Sun, S. T., & Yu, Z. (2021). Trade and management. Review of Economics and Statistics, 103(3), 443-460. https://doi.org/10.1162/rest_a_00925

We study how management practices shape export performance using matched production-trade-management data for Chinese and American firms and a randomized control trial in India. Better managed firms are more likely to export, sell more products to mo... Read More about Trade and management.

Multi-product firms and product quality (2017)
Journal Article
Manova, K., & Yu, Z. (2017). Multi-product firms and product quality. Journal of International Economics, 109, https://doi.org/10.1016/j.jinteco.2017.08.006

We examine the global operations of multi-product firms. We present a flexible heterogeneous firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish tha... Read More about Multi-product firms and product quality.

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.

From one to many central plans: drug advertising inspections and intra-national protectionism in China (2015)
Journal Article
Eberhardt, M., Wang, Z., & Yu, Z. (2016). From one to many central plans: drug advertising inspections and intra-national protectionism in China. Journal of Comparative Economics, 44(3), https://doi.org/10.1016/j.jce.2015.10.012

This paper provides the first micro-level evidence for the existence and patterns of intra-national protectionism in China. We demonstrate that drug advertising inspections are used by provincial governments to discriminate against firms from outside... Read More about From one to many central plans: drug advertising inspections and intra-national protectionism in China.

The more the better?: foreign ownership and corporate performance in China (2012)
Journal Article
Yu, Z., Greenaway, D., & Guariglia, A. (2014). The more the better?: foreign ownership and corporate performance in China. European Journal of Finance, 20(7-9), https://doi.org/10.1080/1351847X.2012.671785

We examine the relationship between the degree of foreign ownership and performance of recipient firms, using a panel of 21,582 Chinese firms over the period 2000–2005. We find that joint-ventures perform better than wholly foreign-owned and purely d... Read More about The more the better?: foreign ownership and corporate performance in China.