Have Chinese firms become smaller? If so, why?
Normally as an economy develops, firm sizes increase. However, as measured by the employment rate, the firm size in China declined from 2004 to 2008. In this paper, we develop a structural dynamic model with heterogeneous workers to study the relative contributions of three factors to declining firm...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2016
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/147730 |
| _version_ | 1855533421161349120 |
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| author | Yang, Qiming Zhang, Xiaobo Zhu, Wu |
| author_browse | Yang, Qiming Zhang, Xiaobo Zhu, Wu |
| author_facet | Yang, Qiming Zhang, Xiaobo Zhu, Wu |
| author_sort | Yang, Qiming |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Normally as an economy develops, firm sizes increase. However, as measured by the employment rate, the firm size in China declined from 2004 to 2008. In this paper, we develop a structural dynamic model with heterogeneous workers to study the relative contributions of three factors to declining firm size: rising real wages, implementation of minimum wages, and the introduction of a new national labor contract law. While rising wages make a sizeable contribution, we find that the new labor law plays a dominant role in solving the puzzle. In comparison, the impact of minimum wages is more muted. |
| format | Artículo preliminar |
| id | CGSpace147730 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1477302025-11-06T07:04:01Z Have Chinese firms become smaller? If so, why? Yang, Qiming Zhang, Xiaobo Zhu, Wu law labour legislation capacity development wages structural dynamics firm size Normally as an economy develops, firm sizes increase. However, as measured by the employment rate, the firm size in China declined from 2004 to 2008. In this paper, we develop a structural dynamic model with heterogeneous workers to study the relative contributions of three factors to declining firm size: rising real wages, implementation of minimum wages, and the introduction of a new national labor contract law. While rising wages make a sizeable contribution, we find that the new labor law plays a dominant role in solving the puzzle. In comparison, the impact of minimum wages is more muted. 2016-09-23 2024-06-21T09:23:14Z 2024-06-21T09:23:14Z Working Paper https://hdl.handle.net/10568/147730 en https://hdl.handle.net/10568/147474 https://hdl.handle.net/10568/148232 https://hdl.handle.net/10568/150881 Open Access application/pdf International Food Policy Research Institute Yang, Qiming; Zhang, Xiaobo; Zhu, Wu. 2016. Have Chinese firms become smaller? If so, why? IFPRI Discussion Paper 1558. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/147730 |
| spellingShingle | law labour legislation capacity development wages structural dynamics firm size Yang, Qiming Zhang, Xiaobo Zhu, Wu Have Chinese firms become smaller? If so, why? |
| title | Have Chinese firms become smaller? If so, why? |
| title_full | Have Chinese firms become smaller? If so, why? |
| title_fullStr | Have Chinese firms become smaller? If so, why? |
| title_full_unstemmed | Have Chinese firms become smaller? If so, why? |
| title_short | Have Chinese firms become smaller? If so, why? |
| title_sort | have chinese firms become smaller if so why |
| topic | law labour legislation capacity development wages structural dynamics firm size |
| url | https://hdl.handle.net/10568/147730 |
| work_keys_str_mv | AT yangqiming havechinesefirmsbecomesmallerifsowhy AT zhangxiaobo havechinesefirmsbecomesmallerifsowhy AT zhuwu havechinesefirmsbecomesmallerifsowhy |