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American Economic Review· 2017Q1

WTO Accession and Performance of Chinese Manufacturing Firms

Loren Brandt, Johannes Van Biesebroeck, Luhang Wang, Yifan Zhang

Short summary

China's WTO accession led to a 14% average reduction in manufacturing firm markups and a 10% increase in productivity, with pro-competitive effects strongest among incumbents and efficiency gains dominating for new entrants.

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance