Growth, Development, and Structural Change at the Firm-Level: The Example of the PR China

Heinrich, Torsten; Yang, Jangho; Dai, Shuanping

doi:10.2139/ssrn.3756558

Cited by 4 publications

(9 citation statements)

References 72 publications

(174 reference statements)

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“…analysis Secchi, 2006, 2011) where the distribution is conjectured to belong to the family of Asymmetric Exponential Power (AEP) distributions. However, there is also strong evidence that both growth rates and many other quantities at the firm level are heavy-tailed (Axtell, 2001;Heinrich and Dai, 2016;Yang et al, 2019;Heinrich et al, 2019), such that the tails could be severely underestimated by AEP fits.…”

Section: Regularitiesmentioning

confidence: 99%

“…However, labor productivities (and total factor productivities, TFPs) follow heavy-tailed distributions, which makes these dispersion measures unreliable (Yang et al, 2019). Other dispersion measures, that are robust with respect to heavy tails, such as the scale parameter of Lévy alpha stable fits, show no sign of increasing, at least not relative to the median of the distribution (Yang et al, 2019;Heinrich et al, 2019).…”

Section: Regularitiesmentioning

confidence: 99%

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Levels of Structural Change: An Analysis of China's Development Push 1998-2014

2020

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Section: Regularitiesmentioning

confidence: 99%

Section: Regularitiesmentioning

confidence: 99%

Levels of Structural Change: An Analysis of China's Development Push 1998-2014

2020

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“…Adanya ketimpangan antar pusat dengan daerah atau antar wilayah satu dengan yang lainnya sudah biasa terjadi. Hal tersebut karena adanya perbedaan sumber daya alam pada tiap daerah (Heinrich et al, 2020;Andini & Mandasari, 2017).…”

Section: Ketimpangan Pembangunan Ekonomiunclassified

“…Pertumbuhan ekonomi merupakan suatu indikator keberhasilan suatu negara dalam pencapaian pembangunan yang lebih baik, dimana bila pertumbuhan ekonomi tersebut setiap tahunnya mengalami peningkatan yang signifikan maka dapatlah dikatakan bahwa roda pembangunan negara tersebut sangat baik (Heinrich et al, 2020;Sohag et al, 2019;Kamaruddin & Alam, 2018). Kondisi saat ini yang terindentifikasi pembangunan banyak terpusat dikota-kota besar khususnya di Pulau Jawa sedangkan di kawasan Indonesia Bagian Timur dinilai masih kurang berkembang.…”

Section: Pembahasanunclassified

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Model Ketimpangan Pembangunan Ekonomi di Indonesia

Raharti

Laras

Oktavianti

2021

Ekobis

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The purpose of this study is to analyze the effect of economic growth on the level of development inequality between provinces in Indonesia. The research method used is multiple linear regression analysis with OLS (ordinary least squares). The results of the analysis show that the inequality of economic development between provinces in Indonesia in 2005-2019 is relatively high because every year there is a significant increase, this fact is in line with the Neoclassical theory. Economic growth, poverty rate and population have a positive effect on inequality in economic development. The policy implication is that the provincial government in Indonesia should pay attention to sectors that absorb labor as a contribution to the level of economic growth and empower small communities.

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Levels of structural change

2021

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We investigate structural change in the PR China during a period of particularly rapid growth 1998-2014. For this, we utilize sectoral data from the World Input-Output Database and firm-level data from the Chinese Industrial Enterprise Database. Starting with correlation laws known from the literature (Fabricant’s laws), we investigate which empirical regularities hold at the sectoral level and show that many of these correlations cannot be recovered at the firm level. For a more detailed analysis, we propose a multi-level framework, which is validated empirically. For this, we perform a robust regression, since various input variables at the firm-level as well as the residuals of exploratory OLS regressions are found to be heavy-tailed. We conclude that Fabricant’s laws and other regularities are primarily characteristics of the sectoral level which rely on aspects like infrastructure, technology level, innovation capabilities, and the knowledge base of the relevant labor force. We illustrate our analysis by showing the development of some of the larger sectors in detail and offer some policy implications in the context of development economics, evolutionary economics, and industrial organization.

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Growth, Development, and Structural Change at the Firm-Level: The Example of the PR China

Cited by 4 publications

References 72 publications

Levels of Structural Change: An Analysis of China's Development Push 1998-2014

Levels of Structural Change: An Analysis of China's Development Push 1998-2014

Model Ketimpangan Pembangunan Ekonomi di Indonesia

Levels of structural change

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