Miaojie Yu
Biographic Data
| ID | 5731350 |
|---|---|
| NAME | Miaojie Yu |
| GIVEN NAMES | Miaojie |
| FAMILY NAME | Yu |
| SIGNATURE | YU M |
| AFFILIATIONS | Peking University |
| ORCID | 0000-0003-2114-6124 |
| VERIFIED | Yes |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 81 |
| AUTHOR COUNT | 21 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2009 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
China Shock Versus Covid ‐19 Pandemic
Studies have found that Chinese import competition (known as “China Shock”) and the COVID‐19 pandemic have caused a loss of jobs. Using state‐level panel data from 2017 to 2021, this paper finds that both Chinese import competition and COVID‐19 confirmed cases have had negative impacts on US manufacturing employment, but the impact of Chinese import competition has been larger. The findings are robust to additional controls and various specificat…
Trade Liberalization and Chinese Students in U.S. Higher Education
We highlight a lesser-known consequence of China’s integration into the world economy: the rise of services trade. We demonstrate how the United States’ trade deficit in goods cycles back as a surplus in U.S. exports of education services. Focusing on China’s accession to the World Trade Organization, we show that Chinese cities more exposed to trade liberalization sent more students to U.S. universities. Growth in housing income and wealth allow…
Trade liberalization, labor market power, and misallocation across firms
Judicial Quality, Input Customisation, and Trade Margins
We study how the contracting environment affects the quality of trade. A better contracting environment not only induces specialisations in industries intensively using customised inputs, but also causes quality upgrading of domestic varieties and tougher competition in these industries. We incorporate these effects into a Ricardian model with customised input and product quality. Our model predicts that better judicial quality raises a country’s…
Trade liberalisation and Chinese firm’s exports
We investigate how trade liberalisation affects the performance of Chinese manufacturing firms via sourcing from the South. Taking imports from Indonesia, the largest country in South‐east Asia—China's current trading partner as an example, we find that Chinese firms with higher import shares from Indonesia perform better in productivity, exports and sales, and they are more likely to engage in processing exports. Moreover, the impacts of foreign…
Understanding RCEP and CPTPP
Since initiating reform and opening up, especially since acceding to the World Trade Organization in 2001, China has made remarkable progress in international trade and economic development. Under the new development strategy of dual circulation, China looks to deepen regional integration through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after signing the Regional Comprehensive Economic Partnership (RCEP). …
Introduction to the special issue
Introduction to the Special Issue on Understanding the Current China-U.S. ‘Trade War’
One of the most important international economic events in 2018 was the China-U.S. “trade war.” With China’s growing role in the worldwide economy and geopolitical impacts, the United States has labeled China as a strategy competitor. This notes briefly introduce the six articles covered in the volume. We highlight the causes and possible economic consequences from the perspectives of the United States, China, Japan, the Europe, and even East Asi…
Understanding the recent Sino-U.S. trade conflict
To understand Sino-U.S. trade relations, this article interprets the trade imbalance between China and the United States from the Trump administration’s perspective. The Trump administration claims that the Chinese government’s subsidies and high import tariffs cause the Sino-U.S. trade deficit, resulting in job losses in the U.S. The Trump administration therefore argues that imposing high tariffs on Chinese exports can resolve the deficit. The …
Outward FDI and Domestic Input Distortions
We examine how domestic distortions affect firms’ production strategies abroad by documenting two puzzling findings using Chinese firm-level data of manufacturing firms. First, private multinational corporations (MNCs) are less productive than state-owned MNCs, but they are more productive than state-owned enterprises overall. Second, there are disproportionately fewer state-owned MNCs than private MNCs. We build a model to rationalise these find…
China’s international trade development and opening-up policy design over the past four decades
China’s opening-up in the past four decades has gone through three waves: the extensive margin of opening-up (1978–2001), the intensive margin of opening-up (2001–2017), and all-around opening-up (since 2017). This paper explores these three stages of the country’s economic reform. China’s gains from trade have been inspired by different economic factors. Before the turn of the century, the large trade volume was due to the realization of compara…
Introduction to the special issue on firm performance and worker heterogeneity using Chinese Employer-Employee Survey (Cees) dataset
The Chinese Employer-Employee Survey (CEES) is the first dataset that links firm performance with worker heterogeneity in China, and therefore is a precious data resource for various research topics. This note introduces the CEES dataset, as well as seven papers that serve as the initial step in applying the CEES dataset. The topics covered include interaction between firm-level behavior and worker-level features, for example, firm innovation, qu…
International trade and firm innovation
How international trade fosters firm innovation is crucial in understanding how economic integration boosts productivity growth. This study uses the Chinese Employer-Employee Survey data set, which contains detailed, firm-level information on exports, imports, and innovation. The study documents several stylized facts characterizing the interaction between international trade and innovation among Chinese firms. The main findings are that exporter…
The potential impact of China–US BIT on China’s manufacturing sectors
This article finds that the overall effect of the foreign direct investment (FDI) and thereby the China–US bilateral investment treaties (BIT) on Chinese manufacturing sector is positive, which raises the productivity and profitability of the firms, using various econometric models and other evidence. The manufacturing sector as a whole has already opened up to the world economy and needs to continue this process. The industries in the manufactur…
Unexceptional exporter performance in China? The role of processing trade
Processing trade, export intensity, and input trade liberalization
How do reductions in input trade costs affect firm's sales decision between domestic and foreign markets? By using Chinese firm-level production data and transaction-level trade data during 2000–2006 to construct firm-specific input trade costs, we find rich evidence that a reduction in input trade cost for large trading firms leads to an increase in export intensity (i.e., exports over total sales). The impact is more pronounced for ordinary fir…
Processing Trade, Tariff Reductions and Firm Productivity
Journal Article Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms Get access Miaojie Yu Miaojie Yu China Centre for Economic Research National School of Development Peking University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 943–988, https://doi.org/10.1111/ecoj.12127 Published: 25 June 2014 Article history Received:…
Exports and Credit Constraints under Incomplete Information
This paper examines why credit constraints for domestic and exporting firms arise in a setting where banks do not observe firms' productivities. To maintain incentive compatibility, banks lend below the amount that firms need for optimal production. The longer time needed for export shipments induces a tighter credit constraint on exporters than on purely domestic firms. In our application to Chinese firms, we find that the credit constraint is m…
Exchange Rate Movements and Exporter Profitability
Most products exported by Chinese manufacturing firms are characterized by high labor-intensity and low markup. Renminbi (RMB) appreciation undoubtedly worsens this situation as exporters have to pay RMB-denominated wages and charge dollar-denominated prices. This paper studies the correlation between exchange rate movements and the profitability of exporters. We find significant negative effects of RMB appreciation on the profitability of export…
Introduction to the Special Issue on China's Growing Trade and Trans-Pacific Trade Agreements
In 2013 China became the largest trading country and the second largest economy (in terms of current US dollar) in the world. In 2013 China’s total trade volume (i.e., exports and imports) reached
Trade, democracy, and the gravity equation
Processing Trade, Tariff Reductions and Firm Productivity
Journal Article Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms Get access Miaojie Yu Miaojie Yu China Centre for Economic Research National School of Development Peking University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 943–988, https://doi.org/10.1111/ecoj.12127 Published: 25 June 2014 Article history Received:…
Trade, democracy, and the gravity equation
Unexceptional exporter performance in China? The role of processing trade
Outward FDI and Domestic Input Distortions
We examine how domestic distortions affect firms’ production strategies abroad by documenting two puzzling findings using Chinese firm-level data of manufacturing firms. First, private multinational corporations (MNCs) are less productive than state-owned MNCs, but they are more productive than state-owned enterprises overall. Second, there are disproportionately fewer state-owned MNCs than private MNCs. We build a model to rationalise these find…
Understanding the recent Sino-U.S. trade conflict
To understand Sino-U.S. trade relations, this article interprets the trade imbalance between China and the United States from the Trump administration’s perspective. The Trump administration claims that the Chinese government’s subsidies and high import tariffs cause the Sino-U.S. trade deficit, resulting in job losses in the U.S. The Trump administration therefore argues that imposing high tariffs on Chinese exports can resolve the deficit. The …
Trade liberalization, labor market power, and misallocation across firms
Judicial Quality, Input Customisation, and Trade Margins
We study how the contracting environment affects the quality of trade. A better contracting environment not only induces specialisations in industries intensively using customised inputs, but also causes quality upgrading of domestic varieties and tougher competition in these industries. We incorporate these effects into a Ricardian model with customised input and product quality. Our model predicts that better judicial quality raises a country’s…
Understanding RCEP and CPTPP
Since initiating reform and opening up, especially since acceding to the World Trade Organization in 2001, China has made remarkable progress in international trade and economic development. Under the new development strategy of dual circulation, China looks to deepen regional integration through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after signing the Regional Comprehensive Economic Partnership (RCEP). …
China’s international trade development and opening-up policy design over the past four decades
China’s opening-up in the past four decades has gone through three waves: the extensive margin of opening-up (1978–2001), the intensive margin of opening-up (2001–2017), and all-around opening-up (since 2017). This paper explores these three stages of the country’s economic reform. China’s gains from trade have been inspired by different economic factors. Before the turn of the century, the large trade volume was due to the realization of compara…
The potential impact of China–US BIT on China’s manufacturing sectors
This article finds that the overall effect of the foreign direct investment (FDI) and thereby the China–US bilateral investment treaties (BIT) on Chinese manufacturing sector is positive, which raises the productivity and profitability of the firms, using various econometric models and other evidence. The manufacturing sector as a whole has already opened up to the world economy and needs to continue this process. The industries in the manufactur…
Trade, democracy, and the gravity equation
Exports and Credit Constraints under Incomplete Information
This paper examines why credit constraints for domestic and exporting firms arise in a setting where banks do not observe firms' productivities. To maintain incentive compatibility, banks lend below the amount that firms need for optimal production. The longer time needed for export shipments induces a tighter credit constraint on exporters than on purely domestic firms. In our application to Chinese firms, we find that the credit constraint is m…
Exchange Rate Movements and Exporter Profitability
Most products exported by Chinese manufacturing firms are characterized by high labor-intensity and low markup. Renminbi (RMB) appreciation undoubtedly worsens this situation as exporters have to pay RMB-denominated wages and charge dollar-denominated prices. This paper studies the correlation between exchange rate movements and the profitability of exporters. We find significant negative effects of RMB appreciation on the profitability of export…
Introduction to the Special Issue on China's Growing Trade and Trans-Pacific Trade Agreements
In 2013 China became the largest trading country and the second largest economy (in terms of current US dollar) in the world. In 2013 China’s total trade volume (i.e., exports and imports) reached
Processing trade, export intensity, and input trade liberalization
How do reductions in input trade costs affect firm's sales decision between domestic and foreign markets? By using Chinese firm-level production data and transaction-level trade data during 2000–2006 to construct firm-specific input trade costs, we find rich evidence that a reduction in input trade cost for large trading firms leads to an increase in export intensity (i.e., exports over total sales). The impact is more pronounced for ordinary fir…
Processing Trade, Tariff Reductions and Firm Productivity
Journal Article Processing Trade, Tariff Reductions and Firm Productivity: Evidence from Chinese Firms Get access Miaojie Yu Miaojie Yu China Centre for Economic Research National School of Development Peking University Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 125, Issue 585, 1 June 2015, Pages 943–988, https://doi.org/10.1111/ecoj.12127 Published: 25 June 2014 Article history Received:…
The potential impact of China–US BIT on China’s manufacturing sectors
This article finds that the overall effect of the foreign direct investment (FDI) and thereby the China–US bilateral investment treaties (BIT) on Chinese manufacturing sector is positive, which raises the productivity and profitability of the firms, using various econometric models and other evidence. The manufacturing sector as a whole has already opened up to the world economy and needs to continue this process. The industries in the manufactur…
Unexceptional exporter performance in China? The role of processing trade
Introduction to the special issue on firm performance and worker heterogeneity using Chinese Employer-Employee Survey (Cees) dataset
The Chinese Employer-Employee Survey (CEES) is the first dataset that links firm performance with worker heterogeneity in China, and therefore is a precious data resource for various research topics. This note introduces the CEES dataset, as well as seven papers that serve as the initial step in applying the CEES dataset. The topics covered include interaction between firm-level behavior and worker-level features, for example, firm innovation, qu…
International trade and firm innovation
How international trade fosters firm innovation is crucial in understanding how economic integration boosts productivity growth. This study uses the Chinese Employer-Employee Survey data set, which contains detailed, firm-level information on exports, imports, and innovation. The study documents several stylized facts characterizing the interaction between international trade and innovation among Chinese firms. The main findings are that exporter…
China’s international trade development and opening-up policy design over the past four decades
China’s opening-up in the past four decades has gone through three waves: the extensive margin of opening-up (1978–2001), the intensive margin of opening-up (2001–2017), and all-around opening-up (since 2017). This paper explores these three stages of the country’s economic reform. China’s gains from trade have been inspired by different economic factors. Before the turn of the century, the large trade volume was due to the realization of compara…
Introduction to the Special Issue on Understanding the Current China-U.S. ‘Trade War’
One of the most important international economic events in 2018 was the China-U.S. “trade war.” With China’s growing role in the worldwide economy and geopolitical impacts, the United States has labeled China as a strategy competitor. This notes briefly introduce the six articles covered in the volume. We highlight the causes and possible economic consequences from the perspectives of the United States, China, Japan, the Europe, and even East Asi…
Understanding the recent Sino-U.S. trade conflict
To understand Sino-U.S. trade relations, this article interprets the trade imbalance between China and the United States from the Trump administration’s perspective. The Trump administration claims that the Chinese government’s subsidies and high import tariffs cause the Sino-U.S. trade deficit, resulting in job losses in the U.S. The Trump administration therefore argues that imposing high tariffs on Chinese exports can resolve the deficit. The …
Outward FDI and Domestic Input Distortions
We examine how domestic distortions affect firms’ production strategies abroad by documenting two puzzling findings using Chinese firm-level data of manufacturing firms. First, private multinational corporations (MNCs) are less productive than state-owned MNCs, but they are more productive than state-owned enterprises overall. Second, there are disproportionately fewer state-owned MNCs than private MNCs. We build a model to rationalise these find…
Trade liberalisation and Chinese firm’s exports
We investigate how trade liberalisation affects the performance of Chinese manufacturing firms via sourcing from the South. Taking imports from Indonesia, the largest country in South‐east Asia—China's current trading partner as an example, we find that Chinese firms with higher import shares from Indonesia perform better in productivity, exports and sales, and they are more likely to engage in processing exports. Moreover, the impacts of foreign…
Understanding RCEP and CPTPP
Since initiating reform and opening up, especially since acceding to the World Trade Organization in 2001, China has made remarkable progress in international trade and economic development. Under the new development strategy of dual circulation, China looks to deepen regional integration through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after signing the Regional Comprehensive Economic Partnership (RCEP). …
Introduction to the special issue
Judicial Quality, Input Customisation, and Trade Margins
We study how the contracting environment affects the quality of trade. A better contracting environment not only induces specialisations in industries intensively using customised inputs, but also causes quality upgrading of domestic varieties and tougher competition in these industries. We incorporate these effects into a Ricardian model with customised input and product quality. Our model predicts that better judicial quality raises a country’s…
Trade liberalization, labor market power, and misallocation across firms
Trade Liberalization and Chinese Students in U.S. Higher Education
We highlight a lesser-known consequence of China’s integration into the world economy: the rise of services trade. We demonstrate how the United States’ trade deficit in goods cycles back as a surplus in U.S. exports of education services. Focusing on China’s accession to the World Trade Organization, we show that Chinese cities more exposed to trade liberalization sent more students to U.S. universities. Growth in housing income and wealth allow…
China Shock Versus Covid ‐19 Pandemic
Studies have found that Chinese import competition (known as “China Shock”) and the COVID‐19 pandemic have caused a loss of jobs. Using state‐level panel data from 2017 to 2021, this paper finds that both Chinese import competition and COVID‐19 confirmed cases have had negative impacts on US manufacturing employment, but the impact of Chinese import competition has been larger. The findings are robust to additional controls and various specificat…
Economics (17 works) · China (16 works) · Global trade and economics (16 works) · International trade (15 works) · Business (13 works) · International economics (12 works) · International Business and FDI (11 works) · Political science (7 works) · Market economy (6 works) · Industrial organization (5 works)