Market Impediments,Trade,and Foreign Direct Investment:Evidence from Chinas Round-Tripping

摘要：

This study uses reported exports and imports figures in China and Hong Kong and China and Thailand to examine the relations among trade,foreign direct investment flows,and tax-induced market impediments. The empirical results,largely consistent with theoretical models,support several conclusions. First,the spurious transfer of funds to and out of China,via under-reporting exports and over-reporting imports,closely follows the preferential tax incentives such as tax breaks to foreign investors. Second,exports under-reporting is negatively related to rebates for export. Third,imports over-reporting is negatively related to import tariffs. Finally,under-reporting of exports and over-reporting of imports appear to be most common in state-owned firms.

关键词： Trade flows foreign direct investment round-tripping.

作者: Hung-Gay Fung Jot Yau Gaiyan Zhang

作者单位: College of Business Administration &Center of International Studies University of Missouri-St.Louis Albers School of Business and Economics Seattle University 901 12th Avenue Seattle,WA 98122-1090 College of Business Administration University of Missouri-St.Louis One University Blvd St.Louis,MO 6

会议类型: 国际会议

会议名称: 2007年中国国际金融年会

会议地点: 成都

会议语种:英文

在线出版日期: 2007-07-09（万方平台首次上网日期，不代表论文的发表时间）