| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15763 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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