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DTSTART:20251102T020000
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DESCRIPTION:Dan Lu (University of Rochester and Princeton University) Excep
 tional Exporter Performance? Evidence from Chinese Manufacturing Firms Thi
 s paper uses Chinese firm-level data to document facts that run counter to
  the accumulated evidence about exporting firms and provides a model that 
 reconciles these contrasting patterns. The new facts are: (1) China’s expo
 rters are typically less productive and sell less in the domestic market t
 han non-exporters\, and (2) the distribution of export intensity exhibits 
 a U-shape\, with more than half of China.s exporters exporting most of the
 ir output. The new facts call into question the generality of recent trade
  theory\, which has been extremely successful in explaining the behavior o
 f exporters in developed countries. However\, Lu shows that the economic f
 orces described by Melitz (2003)\, when properly interpreted\, are exactly
  the ones needed to explain the observed patterns among Chinese firms. Whe
 n countries differ in their factor endowment\, sectors that are intensive 
 in the locally abundant factor face higher competition in the domestic mar
 ket than in foreign markets. Hence domestic rather than export markets sel
 ect the most efficient firms. In the Chinese data\, both the productivity 
 differences between exporters and non-exporters as well as the distributio
 n of export intensity are systematically related to the labor intensity of
  the firm or its industry. Lastly\, Lu shows that her model correctly pred
 icts the effects of trade liberalization in China. 
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DTSTAMP:20260312T134915Z
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SUMMARY:TDPE presents: Dan Lu
UID:RFCALITEM639089057554315989
X-ALT-DESC;FMTTYPE=text/html:Dan Lu (University of Rochester and Princeton 
 University) Exceptional Exporter Performance? Evidence from Chinese Manufa
 cturing Firms This paper uses Chinese firm-level data to document facts th
 at run counter to the accumulated evidence about exporting firms and provi
 des a model that reconciles these contrasting patterns. The new facts are:
  (1) China’s exporters are typically less productive and sell less in the 
 domestic market than non-exporters\, and (2) the distribution of export in
 tensity exhibits a U-shape\, with more than half of China.s exporters expo
 rting most of their output. The new facts call into question the generalit
 y of recent trade theory\, which has been extremely successful in explaini
 ng the behavior of exporters in developed countries. However\, Lu shows th
 at the economic forces described by Melitz (2003)\, when properly interpre
 ted\, are exactly the ones needed to explain the observed patterns among C
 hinese firms. When countries differ in their factor endowment\, sectors th
 at are intensive in the locally abundant factor face higher competition in
  the domestic market than in foreign markets. Hence domestic rather than e
 xport markets select the most efficient firms. In the Chinese data\, both 
 the productivity differences between exporters and non-exporters as well a
 s the distribution of export intensity are systematically related to the l
 abor intensity of the firm or its industry. Lastly\, Lu shows that her mod
 el correctly predicts the effects of trade liberalization in China. <br>
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