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A0603
Title: Trade shock and formula instruments with firm-level network data Authors:  Liyu Dou - Singapore Management University (Singapore)
Ming Li - The Chinese University of Hong Kong - Shenzhen (China)
Wenjie Wang - Nanyang Technological University (Singapore)
Wenze Li - Nanyang Technological University (Singapore) [presenting]
Abstract: Beginning in early 2018, the United States and China implemented a series of substantial tariff measures, escalating over subsequent years. Nonetheless, achieving consensus on the impact of the tariff conflict on the Chinese economy remains challenging. Thus, the purpose is to examine the effects of US-China trade shocks on China utilizing firm-level data and instrumental variables.