|کد مقاله||کد نشریه||سال انتشار||مقاله انگلیسی||ترجمه فارسی||نسخه تمام متن|
|5047160||1476254||2017||10 صفحه PDF||سفارش دهید||دانلود رایگان|
- Share of import content but does not affect the degree of tariff pass-through.
- Evidence of an almost complete exchange rate pass-through
- Firms with higher import-content share have a lower exchange rate pass-through.
We examine whether a firm's import content share differentially affects the degree of tariff and exchange rate pass-through into its export prices. Our pricing-to-market model suggests that a firm's import content share negatively affects the degree of exchange rate pass-through but does not affect the degree of tariff pass-through. Using firm-level data for Chinese exporting firms during the period 2000-2006, we find evidence of an almost complete exchange rate pass-through. As expected, when we distinguish firms by their trade regime, processing-trade firms, especially pure-assembly firms which tend to have higher import-content share, have a lower exchange rate pass-through than ordinary trade firms. We find no evidence that the tariff pass-through differs across the various trade regimes.
Journal: China Economic Review - Volume 46, December 2017, Pages 87-96