题目：FDI Entry and Product Scope of Chinese Firms

主讲人：唐遥 (北京大学光华管理学院)

时间：2021年4月23日（周五）10:00-12:00 am

地点：朗润园512教室

Abstract: We exploit the relaxation of regulation on Foreign Direct Investment (FDI) after China's entry into WTO to estimate the effect of industry-level FDI entry on the product scope of Chinese firms. According to our baseline results, in industries that experienced a 0.01 increase in the share of foreign firms, product scope of Chinese firms expanded by 12%. At the industry level, FDI entry is associated with a shortening of the technological distance between the domestic industry and the world frontier, and a reduction the resource mis-allocation both of which contribute to the expansion of product scope. When we distinguish industries by technology intensity, the positive effect of FDI entry on product scope mainly occur in medium-tech industries. At the firm level, entry of foreign firms expands product scope by raising a firm's managerial efficiency. From the perspective of product turnover, FDI entry raises the rate of adding new products but does not affect the rate of retiring existing products. Relative to non-SOE firms, SOEs on average have a larger product scope but they report a smaller increase in product scope after entry of foreign firms.

About the speaker: 唐遥是北京大学光华管理学院应用经济系副教授，中信改革发展研究基金会研究员。2009年不列颠哥伦比亚大学经济学博士毕业，2009到2016年在美国Bowdoin College任教，历任助理教授、副教授。主要研究发表在Journal of International Economics，Journal of Econometrics，Journal of Urban Economics，《经济研究》等国内外著名杂志上。研究方向为货币经济学，国际经济学和企业策略。