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Identifying Chinese Supply Shocks

其他書名	Effects of Trade on Labor Markets
出版	Centre for Economic Policy Research, 2018
URL	http://books.google.com.hk/books?id=FTFXuwEACAAJ&hl=&source=gbs_api

註釋In a highly influential study, Autor, Dorn and Hanson (2013) analyze the effect of Chinese exports on the U.S. labor market. To identify causality, Chinese exports to the United States are instrumented with Chinese exports to other advanced economies, an identification strategy that relies on the absence of common demand shocks to all advanced economies. Our paper questions this identification assumption. We document that in the period between 1991 and 2007, sector-level exports from China grew parallel to those from other emerging market economies. This positive correlation is stronger for countries with a comparative advantage close to China's. We argue that these patterns are inconsistent with the view that China-specific supply shocks dominated China's export growth. Adjusting the identification strategy in ADH, we find that the qualitative results from ADH survive but are smaller in magnitude.