Import License, Misallocation, and Aggregate Total Factor Productivity in the Chinese Steel Industry*

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-11-20 DOI:10.1111/joie.12375

Li Su, Su Zhang

引用次数: 0

Abstract

This paper examines how import license restriction-induced resource misallocation affects industry aggregate total factor productivity (TFP). We apply a recently proposed consistent estimator to micro-level data from the Chinese steel industry, considering material price heterogeneity. We back out the potential extent of misallocation, finding the importers' TFP is not significantly higher than that of the nonimporters, and resource misallocation caused by the iron-ore import license lowers aggregate productivity. Our analysis indicates that removing the trade barrier counterfactually would increase the industrial TFP by 76.8%, on average.

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中国钢铁业的进口许可、错配和全要素生产率总量* * 中国钢铁业的进口许可、错配和全要素生产率总量* * 中国钢铁业的进口许可、错配和全要素生产率总量

本文探讨了进口许可证限制引发的资源错配如何影响行业的全要素生产率（TFP）。考虑到材料价格的异质性，我们对中国钢铁行业的微观数据采用了最近提出的一致估计方法。我们回溯了潜在的错配程度，发现进口商的全要素生产率并没有显著高于非进口商，而铁矿石进口许可证导致的资源错配降低了总体生产率。我们的分析表明，反事实取消贸易壁垒将使工业全要素生产率平均提高 76.8%。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.