How Exporters Respond to Antidumping Investigations?
02/11/2013 12:00
Yi Lua (National University of Singapore), Zhigang Tao (University of Hong Kong), and Yan Zhang (University of Hong Kong).
Abstract
Using Ghina Gustoms data that cover monthly transactions of all Ghinese exporters, we investigate how Ghinese exporters respond to U.S. antidumping investigations during the 2000-2006 period. Our difference-in-differences analysis uncovers a number of findings: (fi) the substantial trade-dampening effect at the product level operates mostly at the extensive margin (i.e., a decrease in the number of ex- porters) rather than the intensive margin (i.e., a decrease in the ex- port volume per exporter); (2) direct exporters are more likely to exit the U.S. market than trade intermediaries upon both the affirmative preliminary and final ITG determinations; (3) multi-product direct exporters are more likely to exit the U.S. market than single-product direct exporters upon the affirmative preliminary ITG determination, but the opposite holds upon the affirmative final ITG determination; and (Q) little price adjustment to antidumping investigations are found at either the product level or firm-product level. We then provide a coherent explanation to the aforementioned findings based on recent developments in trade theories.
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