Chinese firm and industry reactions to antidumping initiations and measures

China has been the subject of large numbers of both antidumping initiations and measures. This article explores the reactions of Chinese firms and industries to these actions by using dynamic system GMM estimator and industrial panel data on all Chinese firms in the industry, foreign firms operating within China and state-owned enterprises (SOEs) for aggregated firms group between 1997 and 2007. We find that antidumping actions by developed and developing countries negatively impact industrial profits and employee and firm numbers and also exports, but improve labour productivity. We also find that different kinds of firms show different responses. All firms together in an industry react to antidumping the most, and foreign and SOE firms show a much smaller response. Further, antidumping effects from different countries are different. Developed countries’ antidumping actions have more negative impact than developing countries’ actions; the effects of US actions are different from the European Union’s.     

Border tax adjustments and U.S. trade

This paper reports welfare and terms of trade effects from border adjustments in the indirect taxes used by major U.S. trading partners using a numerical general equilibrium model of world trade and production due to Whalley (1985). Where the United States is a net importer of manufactures (as with Japan and the EEC) the United States gains by having these countries administer taxes on a destination rather than an origin basis. This is because the taxes involved typically have higher rates on manufactured products, and a discriminatory origin basis tax with higher rates on exportables operates akin to an export tax.     

A MICROCONSISTENT EQUILIBRIUM DATA SET FOR CANADA FOR USE IN TAX POLICY ANALYSIS

In this paper we describe a micro consistent data set for Canada for 1972, assembled with general equilibrium tax policy analysis in mind. We stress the methodology used and in a number of tables report its main features.
In the data set the separate detail contained in input-output transactions tables, national accounts, household income and expenditure data, taxation statistics, foreign trade statistics, flow of funds and other sources is adjusted for mutual consistency. The final result is a micro consistent data set in which demands equal supplies for all products, zero profit conditions hold for industries and all agents' demands satisfy their budget constraints.
The motivation for data assembly is the currently widely used practice of calibrating "empirical" general equilibrium models so as to exactly reproduce a base year data observation as an equilibrium model solution. This procedure enables empirically based models to evaluate counterfactual equilibria in a way which corresponds to comparative static analysis in theoretical literature.
More detail on the data set is available on request in appendices deleted from the published version of this paper due to space constraints.     

Uniform domestic tax rates,trade distortions and economic integration

This paper examines the argument that uniform indirect tax rates are necessary to remove trade distortions for participating countries in economic integration. In a simple goods mobile, factor immobile international trade model it is shown that uniformity of tax rates is not necessary with either a general origin or destination based tax. Under a restricted origin basis, absence of distortion is only possible if trade is bilaterally balanced, in which case uniform or nonuniform rates across countries serve equally well.     

China in the World Trading System

This article discusses China's trade policy stance followingWorld Trade Organization (WTO) accession in 2002. The issuesnow for China are less the merits of WTO accession, and morehow her global trade policies are cast given WTO membership.Three issues are taken up. The first is the extent to whichWTO accession helps China in dealing with various key tradeissues, including anti-dumping, and textiles and apparel trade.The second is China's participation in regional trade agreementspost-WTO accession. The third is the implementability of China'saccession commitments in the key service areas (banking, insurance,telecoms). (JEL: F10)