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Essays on geography and firm decision on exports and investment.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays on geography and firm decision on exports and investment./
Author:	Li, Kai.
Description:	1 online resource (80 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 78-04(E), Section: A.
Contained By:	Dissertation Abstracts International78-04A(E).
Subject:	Economics. -
Online resource:	click for full text (PQDT)
ISBN:	9781369404319

Essays on geography and firm decision on exports and investment.
Li, Kai.

Essays on geography and firm decision on exports and investment. - 1 online resource (80 pages)

Source: Dissertation Abstracts International, Volume: 78-04(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

The world is not flat, neither are countries. Geography, in terms of location and destination, plays a key role in firm activity. The thesis is composed of two chapters that are relevant to geography and firms' decisions on exporting and investment.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9781369404319Subjects--Topical Terms:

555568
Economics.
Index Terms--Genre/Form:

554714
Electronic books.

Essays on geography and firm decision on exports and investment.
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099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Li, Kai. $3 792583
245 1 0 $a Essays on geography and firm decision on exports and investment.
264 0 $c 2016
300 $a 1 online resource (80 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 78-04(E), Section: A.
500 $a Adviser: Mark Roberts.
502 $a Thesis (Ph.D.) $c The Pennsylvania State University $d 2016.
504 $a Includes bibliographical references
520 $a The world is not flat, neither are countries. Geography, in terms of location and destination, plays a key role in firm activity. The thesis is composed of two chapters that are relevant to geography and firms' decisions on exporting and investment.
520 $a Previous research on export dynamics addresses a firm's tradeoff between generating a profit now or in the future, but it overlooks the importance of a firm's export decisions across markets. In the first chapter paper, I study a firm's dynamic export destination choice over two markets (the North and South) using a structural model in which I take into account of both the selection effect and the learning-by-exporting effect. Using data from the Chinese plastic industry, I distinguish and model two determinants that impact a firm's sales: a general component productivity that affects the firm's (entry) sales in all markets, and a market-specific component demand that influences sales only in that market to which the firm is exporting. I find that a firm's decision to export to the North promotes entry (sales) in other markets through productivity improvement. In contrast, a firm's decision to export to the South merely increases the sales in the South through a market-specific demand impact. Counterfactual analysis shows that omitting the benefits of exporting to the South deters 7% of all exporting firms that may have exported to the North; yet eliminating the benefits of exporting to the North deters 34% of all exporting firms that may have exported to the South.
520 $a In addition to research on export destinations, the location of the firm also determines the way they make decisions. In the second chapter, I study a panel dataset for firms in the equipment-making industry in China and observe that the investment rates in urban areas are consistently lower than in suburban areas by 6-7 percentage points. Three factors could explain this - the production technology, profit shocks and capital adjustment costs. I build a structural model and quantify the relative importance of three factors in determining the firms' investment rate. The results indicate that while the production technology is similar in urban and suburban areas, profit shocks tend to be more volatile and with higher means among firms in suburban areas. Moreover, urban firms face higher (even if more easily reversible) adjustment costs for capital. The counterfactual analysis reveals that profit shocks are responsible for 70-80% of the differential in investment rates whereas difference in adjustment costs explains only about 20-30%.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Economics. $3 555568
650 4 $a Geography. $3 654331
650 4 $a Finance. $3 559073
655 7 $a Electronic books. $2 local $3 554714
690 $a 0501
690 $a 0366
690 $a 0508
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a The Pennsylvania State University. $3 845556
773 0 $t Dissertation Abstracts International $g 78-04A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10297044 $z click for full text (PQDT)