题目：Geographic Clustering and Resource Reallocation Across Firms in Chinese Industries

报告人：杨锡怡  助理教授   上海科技大学 

主持人： 金樟峰  博士后  浙江大学经济学院

时间：2019年5月24日   星期五    12:00-13:30

地点：浙江大学玉泉校区经济学院418室  

Abstract:

This study examines the effects of China’s industrial clustering on the resource reallocation efficiency across firms. Based on a county-industry level panel dataset from 1998-2007, we find that industrial clustering significantly increases local industries’ productivities by lifting the average firm productivity and reallocating resources from less to more productive firms. The identification issues are carefully addressed by instrumental variable (IV) regressions. Furthermore, we find evidence that the positive effect of clustering on resource reallocation efficiency is likely through intensified local competition, given that: (i) both entry and exit rate are much higher in clusters than in non-clusters and (ii) the dispersion of individual firm markup is significantly reduced within clusters, suggesting pro-competitive effect of industry clustering.

Introduction:

Xiyi Yang (杨锡怡) is currently an assistant professor at the School of Entrepreneurship and Management, ShanghaiTech University. Xiyi received her Ph.D. in Economics from the University of Hong Kong in 2015, and Bachelor’s degree in Business Administration from Hong Kong Polytechnic University in 2011. Her research focus on regional development and corporate sustainability in China, and her works have been published in journals like Joule, Annals of Regional Science, and Maritime Business Review.

CRPE秘书处
2019-5-20