2013/07 | LEM Working Paper Series | ||||||||||||||||
![]() |
|||||||||||||||||
Institutional Change and Productivity Growth in China's Manufacturing: The Microeconomics of Creative Restructuring |
|||||||||||||||||
Giovanni Dosi, Jiasu Lei, Xiaodan Yu |
|||||||||||||||||
Keywords | |||||||||||||||||
![]() |
![]() |
||||||||||||||||
Chinese industrial development, labour productivity distributions,
catching-up, heterogeneity, corporate ownership
|
|||||||||||||||||
JEL Classifications | |||||||||||||||||
![]() |
![]() |
||||||||||||||||
O1, O3, O4
|
|||||||||||||||||
Abstract | |||||||||||||||||
![]() |
![]() |
||||||||||||||||
This paper investigates the firm-level dynamics of labour productivity
in China's manufacturing sector over the period 1998-2007. Underlying
the aggregate evidence of a dramatic growth of labour productivity,
one observes a large, even if shrinking, intra-sectoral
heterogeneity. A major process of both catching-up and dying-out among
the least effcient ones occurs. Furthermore, we explore the effect of the
characteristics of firms according to the ownership and governance
structure upon the productivity distributions, highlighting the
importance of the transformation of domestic firms as drivers of
technical learning. In essence the fast catching-up process entails
more of a "creative restructuring" of domestic firms rather than sheer
"creative destruction" and even less so an MNC-led drive.
|
Downloads
|
![]() ![]() |
|
![]()
|
![]() |