Finance and Firm Export in China
利用面板数据，分析了外部融资、外商直接投资与中国私营企业出口的关系，发现消除对私营企业的金融歧视比依赖跨国公司的溢出效应更能促进本土企业出口。
SUMMARY Using a rich panel data set, we provide a rigorous analysis of the relationship between access to external finance, foreign direct investment and the exports of private enterprises in China. We conclude that, in order to foster the exports of indigenous enterprises, the elimination of financial discrimination against private firms is likely to be a more effective policy tool than the reliance on spillovers from multinational firms.