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11月2日,Sushanta Mallick(Queen Mary University of London)
发布时间:2017-10-31   发布人:zs   点击数:365

报告人:Sushanta Mallick, Queen Mary University of London

时间:11月2日,周四下午1:30—3:00

地点:博学楼1222教室

题目:Does Easing Controls on External Commercial Borrowings boost Exporting Intensity of Indian Firms?

摘要:Using a rich dataset of 11,612 Indian firms over the period 1988-2014 and a difference-in-differences approach, we analyse the impact of the impact of the export-oriented policy initiative, namely foreign exchange management act (FEMA) on firms’ exporting activity. The results show that firms who benefited from this initiative have higher export intensity compared to matched exporting firms with only domestic sources of financing. Further, our results suggest that this effect is particularly stronger for firms that receive extra incentives in the form of government grants and subsidies including export incentives and duty drawbacks. Finally, we find that when financially constrained firms and those firms operating in vulnerable industries gain access to foreign financing, they are able to increase their export participation. Overall, easing controls on trade financing is more responsive for those firms that are smaller in size, have higher output volatility, higher import intensity, and operate in industries with greater dependence on external finance and higher inventory-to-sales ratio.

报告人简介:Sushanta Mallick教授是Queen Mary University of London(伦敦大学玛丽女王学院)国际金融教授。博士毕业于华威大学(University of Warwick),曾就职于拉夫堡大学(Loughborough University),英国皇家国际事务研究院(Royal Institute of International Affairs),摩根大通香港分部,2006年入职Queen Mary University of London。研究领域包括国际贸易与国际金融,发展经济学,宏观经济政策,已在Journal of International Money and Finance,Economic Letters, Review of International Economics等期刊上发表八十多篇论文。目前担任国际著名经济学期刊Economic Modelling的主编。

 

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