Foreign Entry and Heterogeneous Growth of Firms


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Foreign Entry and Heterogeneous Growth of Firms

Vis færre oplysninger Deng, Poul Jefferson, Gary 2012-12-12 2012-12-10T09:18:04Z 2012-12-10T09:18:04Z 2012-12-10
dc.description.abstract We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their technological distance from foreign firms. Domestic firms with smaller technological distance from their foreign counterparts tend to experience faster productivity growth, while firms with larger technological distance tend to lag further behind. We test this hypothesis using a unique firm-level data of Chinese manufacturing. Our empirical results confirm that foreign entry indeed generates strong heterogeneous growth patterns among domestic firms. en_US
dc.format.extent 30 en_US
dc.language eng en_US
dc.subject.other Firm Heterogeneity en_US
dc.subject.other Creative Destruction en_US
dc.subject.other Productivity Growth en_US
dc.subject.other FDI en_US
dc.subject.other Competition en_US
dc.subject.other Chinese Economy en_US
dc.title Foreign Entry and Heterogeneous Growth of Firms en_US
dc.type wp en_US
dc.accessionstatus modt12dec12 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US Frederiksberg en_US
dc.publisher.year 2012 en_US
dc.title.subtitle Do We Observe “Creative Destruction” in China? en_US

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