CEMA研讨会2018年秋季第七讲将于10月25日（周四）中午12:10-1:30在712会议室举行，由中国人民大学国家发展与战略研究院尹恒教授报告论文“Cost and Product Advantages: Evidence from Chinese Manufacturing Firms”，欢迎感兴趣的师生参加。

【Titile】: Cost and Product Advantages: Evidence from Chinese Manufacturing Firms

【Abstract】: We use data on 70,000 Chinese manufacturing firms that sell domestically and export to robustly estimate the joint distribution of unobserved productivity (cost advantages) and unobserved demand heterogeneity (product advantages) from 1998 to 2008. Product advantages show a trade off with cost advantages and are positively related to observed costs. Using the advantages we characterize Chinese manufacturing, that grew competing more on costs than in product advantages (which account for a significant but small 24% of growth). Our estimation highlights important biases affecting the estimates of the coefficients of the production function, demand elasticities and markups, when heterogeneity of demand or its correlation with productivity are ignored. With the separation of cost and product advantages, we revisit and reinterpret recent studies to find new results which change their policy consequences.

【报告人简介】: 尹恒，中国人民大学国家发展与战略研究院教授、财政金融学院博士生导师。研究领域为财政和经验产业组织。主持多项国家社会科学基金和自然科学基金项目，在《中国社会科学》、《经济研究》、《管理世界》、《世界经济》、《金融研究》、Annals of Economics and Finance等国内外重要学术期刊发表论文多篇。

                                   中国经济与管理研究院
                                       2018年10月25日