When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
This study systematically assessed the cross-border spillover effects of U.S. government subsidies on the Sino-US supply chain using a multi-period difference-in-differences approach. Our findings indicate that the U.S. government's subsidy policies…