Trade liberalization and entrepreneurship: Evidence from China’s WTO accession
发布日期：2024/08/12
作者：秦妮 孔东民 王琴
单位：华中科技大学经济学院 中南财经政法大学金融学院
期刊：Journal of International Money and Finance
Abstract：We investigate the effect of trade liberalization on entrepreneurship. By using China’s World Trade Organization accession as an exogenous shock to conduct a difference-in-differences estimation, we find that trade liberalization has a sizeable positive effect on entrepreneurship. Our findings are robust to different specifications and endogeneity problems. We further discuss the plausible mechanisms driving our results: the trade induced competition, and input market channel. China’s WTO accession may lead to more entrepreneurship in areas with low levels of economic development, a high level of trust, and industries with a low level of external finance dependence.
DOI:https://doi.org/10.1016/j.jimonfin.2024.103155
链接：Trade liberalization and entrepreneurship: Evidence from China’s WTO accession - ScienceDirect
