Research

Publications

• "Headquarters Gravity: How Multinationals Shape International Trade," Journal of International Economics, July 2021 Journal link, latest WP version, replication files

• "Multinational Production and Corporate Taxes: A Quantitative Assessment,"  Journal of International Economics, September 2020, link to paper, Journal link, slides, replication files 

• "Trade wars and industrial policy competitions: Understanding the US-China economic conflicts," with Jiandong Ju, Hong Ma, and Xiaodong Zhu, Journal of Monetary Economics, January 2024, Journal link, online appendix, replication files

• "Trade, FDI, and Global Imbalances," with Wei Li and Guangyu Nie,  Journal of International Money and Finance, July 2020, Journal link, replication files 

• "Who Starts the Trade War? A Theory of Export Controls and Quid Pro Quo," with Yanling Zhou, the World Economy, October 2021, Journal link

• "Multinationals, Global Value Chains, and the Welfare Impacts of Economic Sanctions," with Xiayi Du, Economics Letters, November 2022, Journal link, replication files

Working papers

• "Local Corporate Taxes and the Geography of Foreign Multinationals," with Jianpeng Deng, Chong Liu, and Yuan Zi, revisions required by Review of Economics and Statistics

• "Armington Elasticities and the Third-Country Effects of Trade Policies," with Wei Li, Bin Qiu, Yanbo Zeng, and Yuan Zi, submitted, replication files（CEPR discussion paper)

• "Optimal Spatial Emission," with Mengyuan Wang and Zhengying Xie, slides

• "Export and Innovation: the Value of Interfirm Knowledge Networks," with Chong Liu

• "Processing-Trade-Induced Dutch Disease," with Jianpeng Deng, submitted, replication files 

Working in progress

• "Luck, Fundamentals, and the Optimal Policies over Space," with Felix Tintelnot

• "Multinationals and Markups," with Steven Yeaple

• "R&D Subsidies in Production and Knowledge Networks", with Chenran Liu, Chong Liu, and Yuan Zi

• "Innovation and Production over Space"