Artikel

Levels of structural change

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.

Language
Englisch

Bibliographic citation
Journal: Journal of Evolutionary Economics ; ISSN: 1432-1386 ; Volume: 32 ; Year: 2021 ; Issue: 1 ; Pages: 35-86 ; Berlin, Heidelberg: Springer

Classification
Wirtschaft
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Economic Development: General
Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
Economywide Country Studies: Asia including Middle East
Production, Pricing, and Market Structure; Size Distribution of Firms
Subject
Structural change
Fabricant’s laws
China
Labor productivity
Economic growth
Firm growth

Event
Geistige Schöpfung
(who)
Heinrich, Torsten
Yang, Jangho
Dai, Shuanping
Event
Veröffentlichung
(who)
Springer
(where)
Berlin, Heidelberg
(when)
2021

DOI
doi:10.1007/s00191-021-00740-9
Last update
20.09.2024, 8:23 AM CEST

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Heinrich, Torsten
  • Yang, Jangho
  • Dai, Shuanping
  • Springer

Time of origin

  • 2021

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