Patterns of industrial dynamics in the manufacturing sector

Sun, Sizhong (2013) Patterns of industrial dynamics in the manufacturing sector. In: Wu, Yanrui, (ed.) Regional Development and Economic Growth in China. Series on Economic Development and Growth, 7 . World Scientific Publishing, Singapore, pp. 161-187.

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This chapter investigates the industrial dynamics in Chinese manufacturing sector, where we find two common properties that also hold in many previous studies, namely the Gibrat's Law and a typical tent shape of growth rate distribution. We further connect the growth rate distribution with the average firm size in a sector and the industrial policy regime shift that occurred in China in 2006. A 'big sector effect' and 'policy regime shift effect' are found, where bigger sectors tend to have growth rate distributions with a fatter tail but smaller dispersion and the policy regime shift also exerts similar impact.

Item ID: 26194
Item Type: Book Chapter (Research - B1)
ISBN: 978-981-4439-85-5
ISSN: 1793-3668
Date Deposited: 22 Jul 2013 06:16
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910204 Industry Costs and Structure @ 50%
91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910203 Industrial Organisations @ 50%
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