| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14506 |
| DP14506 Geographic Clustering and Resource Reallocation Across Firms in Chinese Industries | |
| Di Guo; Kun Jiang; Cheng-Gang Xu; Xiyi Yang | |
| 发表日期 | 2020-03-18 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine the effects of China’s industrial clustering on resource reallocation efficiency across firms. Based on our county-industry level DBI index panel, we find that industrial clustering significantly increases local industries’ productivity by lifting the average firm productivity and reallocating resources from less to more productive firms. Moreover, we find major mechanisms through which resource reallocation is improved within clusters: (i) clusters facilitate higher entry rates and exit rates; and (ii) within clusters’ environment the dispersion of individual firm’s markup is significantly reduced, indicating intensified local competition within clusters. The identification issues are carefully addressed by instrumental variable (IV) regressions. |
| 主题 | Development Economics ; Industrial Organization |
| 关键词 | Industrial cluster Productivity growth Resource reallocation Competition |
| URL | https://cepr.org/publications/dp14506 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543407 |
| 推荐引用方式 GB/T 7714 | Di Guo,Kun Jiang,Cheng-Gang Xu,et al. DP14506 Geographic Clustering and Resource Reallocation Across Firms in Chinese Industries. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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