Trade Liberalization and Decentralization of State-Owned Enterprises: Evidence from China
题目：Trade Liberalization and Decentralization of State-Owned Enterprises: Evidence from China
时间： 2018年11月9日 9:30-11:30
This paper examines the relationship between trade liberalization and SOEs probability to be decentralized, using detailed customs and firm-level data from China. We show that input tariff cuts significantly lower the probability of SOE’s being decentralized, whereas output tariff cuts raise this probability. We also find that as the distance from an SOE to its owner (a certain level of government) increases, the effect of input and output tariff cuts on the probability of SOEs decentralization become stronger. Further, the impact of the input tariff cuts dominates that of the output tariff cuts, because most of China’s imports are intermediate goods. Our empirical results are consistent with a simple model featuring a balance between governmental oversight cost and profits extracted from SOEs to explain why governments decide to decentralize SOEs.
王欢欢，武汉大学博士毕业，华东师范大学副教授。研究方向为：经济法，环境法，制度与经济。论文发表于《Journal of Applied Economics》, 《Annal of Economics and Finance》等英文期刊以及《法商研究》、《现代法学》、《世界经济文汇》等中文期刊。