主题：How Would Infant Industry Evolve in Facing Trade Retaliation? The Case of Photovoltaic Industry in China

主讲人：台湾政治大学经济学系助理教授 王信实

主持人：西南财经大学发展研究院副教授 余津嫺

时间：2017年4月21日（周五）下午14:00-16:30

地点：颐德楼H501

主办单位：发展研究院、科研处

主讲人简介：

Shinn-Shyr Wang is an Assistant Professor in the Department of Economics at National Chengchi University (NCCU). His current research interests include industrial organization, entrepreneurial economics, and applied econometrics.

Wang has experiences with empirical models of product differentiation at the firm level. He investigates the different markups that arise in the presence of different competition models such as Bertrand, collusion, mergers and price leadership. He also works on price transmission along the vertical supply chain in the retail industry with extensive numerical simulations.

In the project of entrepreneurial economics, Wang and his colleagues explore whether and how the educational network and political link can bridge the information dissemination and ease the barrier of crucial information flow between venture capitalists and start-up teams through a unique dataset collected and maintained by the Center for Economic Policy Research (CEPR) at NCCU. In addition, he is also part of a research team led by Professor Ping Wang (Washington University in St. Louis) and Professor Chang-Tai Hsieh (University of Chicago) where the theme is on the relationship of industrial dynamics and economic development.

During his visit, Wang will present a paper illustrating impacts of trade retaliations in 2011 on Chinese photovoltaic (PV) exporting firms. Through the methodology developed by the research team in NCCU CEPR, the analyses show that the capacity integration within existing Chinese PV exporters has played an important role to adjust the optimal allocation of production inputs.

内容提要：

The infant industry promotion has long served as a shortcut for industrialization or modernization in developing economies. However, this arguably generous policy usually distorts the optimal allocation of production inputs that results in the ubiquitous existence of zombie firms or further arouses large-scale trade retaliations from major exporting markets. This research investigates the outcome of trade retaliations in 2011 towards Chinese photovoltaic (PV) exporting firms. According to the empirical results, we surprisingly do not observe the waves of exit in Chinese PV exporting firms as predicted by the mass media. However, the capacity integration within existing Chinese PV exporters has played a role to adjust the optimal allocation of production inputs. We also investigate counterfactual analyses where the least productive zombie firms exit the markets. The analyses show that the exit of those zombie firms would not contribute to the major improvement of industry-level productivity as the effects brought by the production input reallocation result from the capacity reintegration.