Firms Quasi-dynamics in Chinese Manufacturing Industry  

作　　者：Lixing Li Qihong Liu Changyu Ren 

机构地区：[1]China Center for Economic Research,National School of Development,Peking University,China [2]Department of Economics,University of Oklahoma,USA [3]National School of Development,Peking University,China

出　　处：《China & World Economy》2022年第5期102-127,共26页中国与世界经济（英文版）

基　　金：financial support from the National Natural Science Foundation of China(No.71773004).

摘　　要：We explore firm quasi-dynamics(entry,exit,and growth)in Chinese manufacturing industry and investigate how these dynamics vary across regions.Our results show that relative to provinces with less developed economies,in provinces with more developed economies(i)there is a higher proportion of new firms;(i)new firms are smaller and more labor-intensive;(ii)firms exit at a quicker rate,and surviving firms grow faster.These results point toward cross-region differences in market efficiency in terms of how much it costs a firm to enter or exit the market.Our findings shed light on how firms should adapt their strategies across regions and how the government should create sound policies on industrial upgradingand relocation.

关 键 词：entry and exit firm dynamics industrial shift labor cost market thickness 

分 类 号：F424[经济管理—产业经济]