G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15763
DP15763 Entry Barriers and Growth: The Role of Endogenous Market Structure
Helu Jiang; Yu Zheng; Lijun Zhu
发表日期2022-05-23
出版年2022
语种英语
摘要We use China’s growth experience as a laboratory to study how reductions in entry barrier contribute to economic growth by inducing a more competitive market structure. The removal of entry restrictions on private firms in the late 1990s and early 2000s made the Chinese economy more competitive and dynamic, propelling the growth acceleration from the early 1990s to late 2000s. We develop a model of endogenous productivity and market structure with heterogeneous firms and frictional entry and calibrate it to Chinese manufacturing from 2004-7. We show about 25% of the productivity growth in 2004-7 is contributed by the reduction of entry barriers during the reforms in the previous decade. While close to 40% of the gain in growth comes from entry bringing about younger firms with higher growth potential, over 60% of the gain in growth comes from entry enforcing tighter market competition which strengthens all active firms’ incentive to grow. We also provide suggestive evidence that this mechanism may be at play in a wider economic context.
主题Development Economics ; Macroeconomics and Growth
关键词Firm entry Endogenous growth Firm dynamics Entry barriers
URLhttps://cepr.org/publications/dp15763-2
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/546356
推荐引用方式
GB/T 7714
Helu Jiang,Yu Zheng,Lijun Zhu. DP15763 Entry Barriers and Growth: The Role of Endogenous Market Structure. 2022.
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