중국 반덤핑조치의 수입제한효과 = Trade Effects of Antidumping Actions in China

다국어 초록 (Multilingual Abstract)

China is by far the main target of antidumping litigation for most of its major trading partners. Recently, however, China itself has started using antidumping instrument actively, in particular since the WTO accession in November 2001. The trade effects of the antidumping actions of the traditional antidumping users such as the United States and the European Union have been well studied. Though since the establishment of WTO antidumping actions taken by developing countries proliferate, only a few studies have attempted to estimate the trade effects of their antidumping actions. With the increased use of China`s antidumping activities, there have been many studies on antidumping policy of China. Most of them focus on China`s antidumping laws and regulations, investigating whether they comply with the WTO rules or whether they have different characteristics from those of other countries. However, little attention has been paid to the effects of Chinese antidumping on trade. This paper investigates quantitatively the trade effects of Chinese antidumping. To estimate the trade effects of Chinese antidumping actions the dataset is constructed by combining Chinese antidumping actions with trade data at the HS-8 digit level and origin country level. Since the data consists of time-series and cross-section, the standard methodology is using the standard panel data technique. However, this estimator obviously suffers from the endogeneity problem, in particular when the lagged dependent variable is included in the regression. To produce a consistent estimator, this paper employs instrumental variable (IV) regression. The results show that on average antidumping actions cause the value of imports to fall by 30~42%.

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