WorldCat Identities

Wei, Shang-Jin

Overview
Works: 232 works in 1,368 publications in 1 language and 10,451 library holdings
Roles: Author, Editor, Contributor, Creator
Classifications: HF1418.7, 337
Publication Timeline
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Most widely held works by Shang-Jin Wei
Regional trading blocs in the world economic system by Jeffrey A Frankel( Book )

6 editions published in 1997 in English and held by 555 WorldCat member libraries worldwide

The globalization of the Chinese economy( Book )

10 editions published between 2002 and 2003 in English and held by 283 WorldCat member libraries worldwide

This volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide contemporary accounts of developments in the Chinese economy as it prepares to join the WTO and examines the implications of China's accession for the rest of the world. Firstly, the volume offers an overview of possible changes in industrial policies and analyses developments in some important sectors, including agriculture, telecommunications and automobiles
China's growing role in world trade by Robert C Feenstra( Book )

12 editions published between 2010 and 2012 in English and Undetermined and held by 278 WorldCat member libraries worldwide

In less than three decades, China has grown from playing a negligible role in world trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise - the loss of jobs, for example - others have highlighted the benefits of less expensive goods and services purchased by U.S. consumers along with new market and investment opportunities for U.S. firms. Bringing together an expert group of contributors, "China's Growing Role in World Trade" undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories eliminates a number of misconceptions, overturns some conventional wisdom, and documents data patterns that enhance our understanding of issues related to China's trade
Foreign portfolio investors before and during a crisis by U-ch'an Kim( Book )

27 editions published between 1999 and 2000 in English and Undetermined and held by 178 WorldCat member libraries worldwide

Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during a currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative feedback (contrarian) traders before the crisis but switch to be positive feedback traders during the crisis. Second, individual investors herd significantly more than institutional investors. Non-resident (institutional as well as individual) investors herd significantly more than their resident counterparts. Third, differences in the Western and Korean news coverage are correlated with differences in net selling by non-resident investors relative to resident investors
Does "grease money" speed up the wheels of commerce? by Daniel Kaufmann( Book )

28 editions published between 1999 and 2000 in English and held by 145 WorldCat member libraries worldwide

Is it true that fighting corruption can improve economic efficiency and that fighting bribery can be productive? Not according to this study
Natural openness and good government by Shang-Jin Wei( Book )

27 editions published between 2000 and 2001 in English and held by 137 WorldCat member libraries worldwide

A "naturally more open economy"--As determined by its size and geography - devotes more resources to building good institutions and displays less corruption
The Oxford companion to the economics of China( Book )

7 editions published in 2014 in English and held by 132 WorldCat member libraries worldwide

This work provides a wide range of perspectives on the past, present, and future of the Chinese economy. The topics covered include: the China model, future prospects for China; China and the global economy; trade and the Chinese economy; macro-economics and finance; urbanization; industry and markets; agriculture and rural development; land, infrastructure and environment; population and Labour; dimensions of well-being and inequality; health, education, and gender equity; regional divergence in China; and a brief look at a selection of China's provinces
Corruption and composition of foreign direct investment : firm-level evidence by Beata K. Smarzynska Javorcik( Book )

25 editions published between 2000 and 2001 in English and held by 101 WorldCat member libraries worldwide

The extent of corruption in a host country affects a foreign direct investor's choice of investing through a joint venture or through a wholly owned subsidiary. Corruption reduces inward foreign investment and shifts the ownership structure toward joint ventures
Pollution havens and foreign direct investment : dirty secret or popular myth? by Beata K. Smarzynska Javorcik( Book )

26 editions published between 2001 and 2002 in English and held by 88 WorldCat member libraries worldwide

The "pollution haven" hypothesis states that multinational firms, particularly those in highly polluting industries, relocate to countries with weak environmental standards. Despite the plausibility and popularity of this hypothesis, Smarzynska and Wei find only weak evidence in its favor
Limiting currency volatility to simulate goods market integration : a price based approach by David C Parsley( Book )

23 editions published in 2001 in English and held by 86 WorldCat member libraries worldwide

This paper empirically studies the effect of instrumental and institutional stabilization of the exchange rate on the integration of goods markets. An instrumental stabilization of the exchange rate is accomplished through intervention in the foreign exchange market, or by monetary policies. An institutional stabilization, is an adoption a currency board or a common currency. In contrast to the literature that employs data on the volume of trade, an important novelty of this paper is the use of a 3-dimensional panel of prices of 95 very disaggregated goods (e.g., light bulbs) in 83 cities from around the world from 1990 to 2000. We find that goods market integration is increasing over time and is inversely related to distance, exchange rate variability, and tariff barriers. In addition, the impact of an institutional stabilization of the exchange rate provides a stimulus to goods market integration that goes far beyond an instrumental stabilization. Among the institutional arrangements, long-term currency unions demonstrate greater integration than more recent currency boards. All of them can improve their integration further relative to a U.S. benchmark
The WTO promotes trade, strongly but unevenly by Arvind Subramanian( Book )

26 editions published between 2003 and 2005 in English and held by 76 WorldCat member libraries worldwide

Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world trade, this paper furnishes robust evidence that the institution has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports estimated at about 44 percent of world trade. The same has not been true for developing country members, although those that joined after the Uruguay Round have benefited from increased imports. Similarly, there has been an asymmetric impact between sectors. These results are consistent with the history and design of the institution
Transparency and international investor behavior by Gaston Gelos( Book )

18 editions published in 2002 in English and held by 64 WorldCat member libraries worldwide

Does country transparency affect international portfolio investment? We examine this and related questions using some new measures of transparency and a unique micro dataset on international portfolio holdings. We distinguish between government and corporate transparency. There is clear evidence that international funds invest systematically less in less transparent countries. On the other hand, herding among funds tends to be more prevalent in less transparent countries. There is also some evidence that during crises, funds flee non-transparent countries by a greater amount
Does insider trading raise market volatility? by Julan Du( Book )

19 editions published in 2003 in English and held by 64 WorldCat member libraries worldwide

This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. It introduces a new measure of insider trading. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market, and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitatively significant when compared with the effect of economic fundamentals
Fear of service outsourcing : is it justified? by Mary Amiti( Book )

20 editions published in 2004 in English and held by 62 WorldCat member libraries worldwide

The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This paper aims to establish what are the hypes and what are the facts. The results show that although service outsourcing has been steadily increasing it is still very low, and that in the United States and many other industrial countries "insourcing" is greater than outsourcing. Using the United Kingdom as a case study, we find that job growth at a sectoral level is not negatively related to service outsourcing
A solution to two paradoxes of international capital flows by Jiandong Ju( Book )

20 editions published in 2006 in English and held by 43 WorldCat member libraries worldwide

International capital flows from rich to poor countries can be regarded as either too low (the Lucas paradox in a one-sector model) or too high (when compared with the logic of factor price equalization in a two-sector model). To resolve the paradoxes, we introduce a non-neoclassical model which features financial contracts and firm heterogeneity. In our model, free patterns of gross capital flow emerge as a function of the quality of the financial system and the level of protection for property rights(i.e., the risk of expropriation. A poor country with an inefficient financial system but a low expropriation risk may simultaneously experience an outflow of financial capital but an inflow of foreign direct investment (FDI), resulting in a small net flow
Das (wasted) kapital : firm ownership and investment efficiency in China by David Dollar( Book )

19 editions published in 2007 in English and held by 32 WorldCat member libraries worldwide

Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to capital across firm ownership, regions, and sectors. It provides a systematic comparison of investment efficiency among wholly and partially state-owned, wholly and partially foreignowned, and domestic privately owned firms, conditioning on their sector, location, and size characteristics. It finds that e
Collateral damage : exchange controls and international trade by Shang-Jin Wei( Book )

20 editions published in 2007 in English and Undetermined and held by 31 WorldCat member libraries worldwide

While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable
Real effects of the subprime mortgage crisis : is it a demand or finance shock? by Hui Tong( Book )

18 editions published in 2008 in English and held by 23 WorldCat member libraries worldwide

We develop a methodology to study how the subprime crisis spills over to the real economy. Does it manifest itself primarily through reducing consumer demand or through tightening liquidity constraint on non-financial firms? Since most non-financial firms have much larger cash holding than before, they appear unlikely to face significant liquidity constraint. We propose a methodology to estimate these two channels of spillovers. We first propose an index of a firm's sensitivity to consumer demand, based on its response to the 9/11 shock in 2001. We then construct a separate firm-level index on financial constraint based on Whited and Wu (2006). We find that both channels are at work, but a tightened liquidity squeeze is economically more important than a reduced consumer spending in explaining cross firm differences in stock price declines
The composition matters : capital inflows and liquidity crunch during a global economic crisis by Hui Tong( Book )

22 editions published between 2009 and 2010 in English and held by 18 WorldCat member libraries worldwide

International capital flows, while potentially beneficial, are said to increase a country's vulnerability to crisis - especially if they are skewed to non-FDI types. This paper studies whether the volume and composition of capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Using data on 3823 firms in 24 emerging countries, we find that, on average, the decline in stock prices was more severe for firms that are intrinsically more dependent on external finance for working capital. The volume of capital flows per se has no significant effect on the severity of the credit crunch. However, the composition of capital flows matters a great deal: pre-crisis exposure to non-FDI capital inflows worsens the credit crunch, while exposure to FDI alleviates the liquidity constraint. Similar results also hold when we perform an event study surrounding the Lehman Brothers bankruptcy
How much of Chinese exports is really made in China? : assessing foreign and domestic value-added in gross exports by Robert B Koopman( )

1 edition published in 2008 in English and held by 0 WorldCat member libraries worldwide

 
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Regional trading blocs in the world economic system
Alternative Names
Wei Shang-chin

Wei Shang-Jin

Wei, Shang-Jin 1964-

Wei, Shanjin 1964-

魏尚進

Languages
English (371)

Covers
The globalization of the Chinese economyChina's growing role in world trade