【主讲】Renliang Liu (博士，圭尔夫大学)
【主题】Capital Control Evasion, Dual Exchange Rates Arbitrage and Fake Trade
【时间】2018年12月17日 (周一) 15：30-17：00
【地点】上海财经大学经济学院楼701室
【语言】英文
【摘要】This paper contributes to the literature of capital controls in two folds. First, we document empirical evidence of fake trade related to the capital control evasion, using the trade data between mainland China and Hong Kong. To our knowledge, this is the first empirical study connecting the fake trade with the capital control evasion, while previous studies focus on the tariff evasion. Our results provide empirical support to Wei and Zhang's (2007) argument that capital controls may increase the real trade costs when custom officials impose additional measures to impede fake trade in the economies with capital controls. Second, we identify the group of goods that are more prone to fake trade, using disaggregate trade data. Our study helps to narrow down the categories of goods that the custom officials should target in their inspections on fake trade.
