A collaborative paper by Professor Yu Miaojie, President of Liaoning University and Fellow of the International Economic Association, along with Magnus Lodefalk and Aili Tang from Örebro University in Sweden, has been accepted for publication in the international journal Applied Economics Letters.
Abstract
We employ survival analysis to examine the impact of export credit guarantees on the duration of firms’ exports, using highly granular panel data from Sweden at both the firm-country and firm-country-product levels. The estimation results indicate that export credit guarantees significantly prolong firms’ export spells at both levels. This effect is particularly pronounced for small and medium-sized enterprises (SMEs), small-value contracts, and trade activities involving high-risk markets. The findings of this study hold important implications for designing policies aimed at promoting long-term export growth.
Author Biography
Born in 1976, Professor Yu Miaojie, Ph.D supervisor, is a Ph.D graduate in economics from University of California, Davis. He is a deputy to the 14th National People’s Congress, member of the Standing Committee of Liaoning Provincial People’s Congress, member of the Legislative Committee of Liaoning Provincial People’s Congress, Deputy Secretary of the CPC Committee and President of Liaoning University. He is member of the International Economic Association of the United Nations, a Distinguished Professor of Chang Jiang Scholars Program, winner of National Science Fund for Distinguished Young Scholars, an Outstanding Young Scientist of Beijing, a Distinguished Professor at Peking University, member of Economic and Trade Policy Advisory Committee of Ministry of Commerce, council member of the ‘China-US Research Think Tank Alliance’ of the Ministry of Finance, an Honorary Professor of Irkutsk State University in Russia, and a member of the International Advisory Board of Financial University under the Government of the Russian Federation. He also serves as Vice President of the China Society of World Economics, Vice President of the China Econometrics Association, Vice President of the Chinese Association of Quantitative Economics, Vice President of the China Society of Industrial Economics, Vice President of the Chinese Association of Hong Kong & Macao Studies, Vice Chairman of Liaoning Federation of Social Sciences and an outstanding young scholar of Huang Tingfang/Xinhe. He is among the top one percent most highly cited economists in the field of economics and management in the world and is also at present the only Chinese scholar to win the Royal Economic Society Prize. He is appointed as an expert consultant by the United Nations, the Asian Development Bank, the Ministry of Finance, the Ministry of Commerce, the State Council Counselor's Office and many local governments, and was specially invited to give a report on China’s economic development at the United Nations Headquarter. He is a receiver of the special government allowance of the State Council.
Professor Yu Miaojie’s research field is international trade and China’s economic development. He has published nearly 200 papers in top and first-class journals at home and abroad, such as Economic Journal, Review of Economics & Statistics, Journal of International Economics, Journal of Development Economics, Economic Research and Managing the World and published 27 monographs, textbooks and essays in Chinese, English and German languages. He is associate editor of Review of International Economics, an internationally renowned academic journal, executive editor of International Trade from the Ministry of Commerce, editor in chief of both Journal of Liaoning University and Japan Studies and executive editor of Journal of Chang’an University.
Professor Yu Miaojie has won many awards, including Award for Outstanding Achievements in Philosophy and Social Sciences from the Ministry of Education (three times), Award for Outstanding Achievements in Philosophy and Social Sciences in Beijing, Wu Yuzhang Prize on Humanity and Social Science, Pei-Kang Chang Prize in Development Economics, and the Anzijie International Trade Research Award (five times). His book Processing Trade and Enterprise Productivity has been awarded the Liu-Shibai Economic Research Prize, Husheng Outstanding Young Scholar Research Prize, National Trade Development Research Award, China Young Economist Award and Achievement Award of Liaoning Philosophy and Social Sciences Award.
He was specially received as an outstanding representative of young and middle-aged faculty by General-Secretary Xi Jinping during the 120th anniversary celebration of Peking University. As an exemplary representative of the 25th anniversary of the National Science Fund for Distinguished Young Scholars hosted by Prime Minister Li Keqiang, he participated in a high-level forum chaired by the then Premier of the State Council. In 2024, he visited the Federal Assembly and regional legislatures of Russia as a member of a delegation of young representatives from the National People’s Congress. As a specially appointed supervisor of the National Commission of Supervision, he attended the Fourth Plenary Session of the 20th Central Commission for Discipline Inspection. He also represented China as one of a distinguished university president at the China-Italy and China-Belarus University Presidents’ Forums.
Magnus Lodefalk is an Associate Professor at Örebro University, concurrently serving as a researcher at the Ratio Institute and the Global Labor Organization (GLO). His research focuses on the drivers and obstacles of enterprise development, as well as the mechanisms through which these factors impact employment, wages, and economic growth. His research areas include the economic effects of technological innovation, the impact of public policies (foreign trade policies), the economic contributions of immigrant labor, the macroeconomic consequences of enterprise servitization. In his research practice, he frequently employs econometric methods to analyze large-scale longitudinal databases and linked employer-employee datasets.
Aili Tang is a researcher at the Ratio Institute, an institute affiliated to Örebro University. Her research focuses on the analysis of firm dynamics in the energy market and international trade.
