Patterns of industrial dynamics in the manufacturing sector

This chapter investigates the industrial dynamics in Chinese manufacturing sector, where we find two common properties that also hold in many previous studies, namely the Gibrat's Law and a typical tent shape of growth rate distribution. We further connect the growth rate distribution with the average firm size in a sector and the industrial policy regime shift that occurred in China in 2006. A 'big sector effect' and 'policy regime shift effect' are found, where bigger sectors tend to have growth rate distributions with a fatter tail but smaller dispersion and the policy regime shift also exerts similar impact.

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Regional Development and Economic Growth in China

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1793-3668

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