Trade liberalization and entrepreneurship: Evidence from China's WTO accession

被引：0

作者：

Qin, Ni ^{[1
]}

Kong, Dongmin ^{[1
]}

Wang, Qin ^{[2
]}

机构：

[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan, Peoples R China

[2] Zhongnan Univ Econ & Law, Sch Finance, Wuhan, Peoples R China

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 2024年 / 147卷

关键词：

Trade liberalization; Entrepreneurship; China; Natural experiment; PRODUCT MARKET COMPETITION; INNOVATION; INVESTMENT; GROWTH; PERFORMANCE; DISPERSION; REFORMS; CREDIT; MODEL; PRICE;

D O I：

10.1016/j.jimonfin.2024.103155

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the effect of trade liberalization on entrepreneurship. By using China's World Trade Organization accession as an exogenous shock to conduct a difference-in-differences estimation, we find that trade liberalization has a sizeable positive effect on entrepreneurship. Our findings are robust to different specifications and endogeneity problems. We further discuss the plausible mechanisms driving our results: the trade induced competition, and input market channel. China's WTO accession may lead to more entrepreneurship in areas with low levels of economic development, a high level of trust, and industries with a low level of external finance dependence.

引用

页数：22

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