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Wei, Shang-Jin

Works: 231 works in 1,488 publications in 2 languages and 11,903 library holdings
Roles: Author, Editor, Contributor, Creator
Classifications: HF1418.7, 337
Publication Timeline
Publications about Shang-Jin Wei
Publications by Shang-Jin Wei
Most widely held works by Shang-Jin Wei
Regional trading blocs in the world economic system by Jeffrey A Frankel( Book )
7 editions published in 1997 in English and held by 552 libraries worldwide
China's growing role in world trade by Robert C Feenstra( Book )
23 editions published between 2009 and 2013 in 3 languages and held by 297 libraries worldwide
Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world's second largest exporter, as well as a substantial importer of raw materials, intermediate inputs, and other goods. This paper provides an overview of the microstructure of Chinese trade, its macroeconomic implications, trade disputes with other WTO member countries, and the role of foreign firms
The composition of foreign direct investment and protection of intellectual property rights : evidence from transition economies by Beata K. Smarzynska Javorcik( Book )
64 editions published between 1999 and 2002 in English and Undetermined and held by 244 libraries worldwide
In paying bribes. But although U.S. companies are more likely than investors from other countries to retain full ownership of firms in corrupt countries, they are not less likely than firms from other countries to undertake foreign direct investment in those countries. This paper - a joint product of Trade and Public Economics, Development Research Group - is part of a larger effort in the group to study the effects of corruption on economic activity. The authors may be contacted at or
Open regionalism in a world of continental trade blocs by Jeffrey A Frankel( Book )
50 editions published between 1993 and 1998 in English and held by 241 libraries worldwide
Using the gravity model, we find evidence of three continental trading blocs: the Americas, Europe and Pacific Asia. Intra-regional trade exceeds what can be explained by the proximity of a pair of countries, their sizes and GNP/capitas, and whether they share a common border or language. We then turn from the econometrics to the economic welfare implications. Krugman has supplied an argument against a three-bloc world, assuming no transport costs, and another argument in favor, assuming prohibitively high transportation costs between continents. We complete the model for the realistic case where intercontinental transport costs are neither prohibitive nor zero. If transport costs are low, continental Free Trade Areas can reduce welfare. We call such blocs super-natural. Partial liberalization is better than full liberalization within regional Preferential Trading Arrangements, despite the GATT's Article 24. The super-natural zone occurs when the regionalization of trade policy exceeds what is justified by natural factors. Estimates suggest that trading blocs like the current EC are super-natural
Foreign portfolio investors before and during a crisis by U-ch'an Kim( Book )
32 editions published between 1999 and 2000 in English and Undetermined and held by 210 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
The Oxford companion to the economics of Africa ( Book )
5 editions published in 2014 in English and held by 181 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
Negative alchemy? : corruption, composition of capital flows, and currency crises by Shang-Jin Wei( Book )
35 editions published between 2000 and 2001 in English and Undetermined and held by 156 libraries worldwide
Corruption affects the composition of capital inflows in a way that may raise the likelihood of a currency crisis
Does "grease money" speed up the wheels of commerce? by Daniel Kaufmann( Book )
31 editions published between 1999 and 2000 in English and Undetermined and held by 154 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 )
31 editions published between 1999 and 2001 in English and Undetermined and held by 145 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
Limiting currency volatility to simulate goods market integration : a price based approach by David C Parsley( Book )
24 editions published in 2001 in English and held by 96 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 )
27 editions published between 2003 and 2005 in English and held by 81 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
Fear of service outsourcing : is it justified? by Mary Amiti( Book )
20 editions published in 2004 in English and held by 65 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
Service offshoring and productivity : evidence from the United States by Mary Amiti( Book )
22 editions published between 2005 and 2006 in English and held by 58 libraries worldwide
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring has a significant positive effect on productivity in the US, accounting for around 11 percent of productivity growth during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller accounting for approximately 5 percent of productivity growth. There is a small negative effect of less than half a percent on employment when industries are finely disaggregated (450 manufacturing industries). However, this affect disappears at more aggregate industry level of 96 industries indicating that there is sufficient growth in demand in other industries within these broadly defined classifications to offset any negative effects
A solution to two paradoxes of international capital flows by Jiandong Ju( Book )
22 editions published in 2006 in English and held by 49 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 )
21 editions published in 2007 in English and held by 37 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 foreign-owned, and domestic privately owned firms, conditioning on their sector, location, and size characteristics. It finds that even after a quarter-of-century of reforms, state-owned firms still have significantly lower returns to capital, on average, than domestic private or foreign-owned firms. Similarly, certain regions and sectors have consistently lower returns to capital than other regions and sectors. By our calculation, if China succeeds in allocating its capital more efficiently, it could reduce its capital stock by 8 percent without sacrificing its economic growth (and hence could raise its household consumption and deliver a faster improvement to its citizens' living standard)
Collateral damage : exchange controls and international trade by Shang-Jin Wei( Book )
23 editions published in 2007 in English and held by 36 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 )
21 editions published between 2005 and 2008 in English and held by 26 libraries worldwide
We develop a methodology to study whether and how a financial-sector crisis can spill over to the real economy, and apply it to the case of the ongoing subprime mortgage crisis. If there is a spillover, does it manifest itself primarily by reducing consumer confidence and consumer demand? Is there also a supply-side channel through a tightened liquidity constraint faced by non-financial firms? Since most firms appear to have much larger cash holdings than in the past, some suggest that a liquidity constraint is not likely to be a significant factor for non-financial firms. We propose a methodology to estimate the importance of these two channels for spillovers. We first propose an index of a firm's sensitivity to a shock to consumer confidence, 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). As a robustness check, we also construct an alternative sector-level index of a firm's intrinsic demand for external finance, based on the work of Rajan and Zingales (1998). We find robust evidence suggesting that both channels are at work, but that a tightened liquidity squeeze appears to be economically more important than reduced consumer confidence or 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 )
24 editions published between 2004 and 2010 in English and held by 23 libraries worldwide
International capital flows, while potentially beneficial, are said to increase a countrys 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( file )
1 edition published in 2008 in English and held by 0 libraries worldwide
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Alternative Names
Wei Shang-chin
Wei Shang-Jin
Wei, Shang-Jin 1964-
Wei, Shanjin 1964-
English (475)
Chinese (1)
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