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The patterns of Chinese firm growth: a conditional estimation approach of the asymmetric exponential power density

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  • Matthias Duschl
  • Shi-Shu Peng

Abstract

This article investigates the impact of ownership type on the entire growth rate distributional mass of Chinese firms, using a conditional estimation approach of the asymmetric exponential power density that goes beyond simple location-shift analysis. We first find a Chinese growth puzzle, i.e. a deviation from the stylized fact of the variance-scaling relationship commonly observed in Western European economies. We then find that the ownership type mainly affects growth rates far-off the mean value. Our results also indicate that barriers to becoming a high growth firm, such as financial constraints, are especially prevalent in the Chinese private sector.

Suggested Citation

  • Matthias Duschl & Shi-Shu Peng, 2015. "The patterns of Chinese firm growth: a conditional estimation approach of the asymmetric exponential power density," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 24(3), pages 539-563.
    • Handle: RePEc:oup:indcch:v:24:y:2015:i:3:p:539-563.
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    File URL: http://hdl.handle.net/10.1093/icc/dtv006
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    Citations

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    Cited by:

    1. Richard Harris & Nigar Hashimzade & Sai Ding, 2016. "Political Connections, State Ownership and Productivity in China," CESifo Working Paper Series 6236, CESifo.
    2. Heinrich, Torsten & Dai, Shuanping, 2016. "Diversity of firm sizes, complexity, and industry structure in the Chinese economy," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 90-106.
    3. Vitezić Vanja & Srhoj Stjepan & Perić Marko, 2018. "Investigating Industry Dynamics in a Recessionary Transition Economy," South East European Journal of Economics and Business, Sciendo, vol. 13(1), pages 43-67, June.
    4. Torsten Heinrich & Jangho Yang & Shuanping Dai, 2020. "Levels of structural change: An analysis of China's development push 1998-2014," Papers 2005.01882, arXiv.org, revised Sep 2020.
    5. Torsten Heinrich & Jangho Yang & Shuanping Dai, 2022. "Levels of structural change," Journal of Evolutionary Economics, Springer, vol. 32(1), pages 35-86, January.
    6. Alex Coad & Marc Cowling & Josh Siepel, 2017. "Growth processes of high-growth firms as a four-dimensional chicken and egg," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 537-554.

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