＜正＞Aggregate trade data with breakdown into related and non-related party components show that US multinational enterprises use different trading strategies in the China region relative to other countries.US trade with the China region in 2002-2007 is characterized by arm’slength transactions.State-level trade data show great variability in state engagement with the region through trade:exports to the region range from 1 to 28 percent of stale exports. In addition,compared to exports to other countries,exports to the region are highly concentrated.At the extreme,for some states,96-98 percent of exports to the region are computer and electronic products.Finally,gravity regressions show that state exports to Hong Kong are positively associated with the relative size of the Hong Kong-born population in the states.There is no evidence that stricter labor regimes lead to lower state exports.
展开▼
