Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107199
Authors: 
Duschl, Matthias
Peng, Shi-Shu
Year of Publication: 
2014
Series/Report no.: 
Papers on Economics and Evolution 1401
Abstract: 
This paper 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 (AEP) 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 found in Western European economies. We then find, through five hypotheses, that the ownership type mainly affects the tails of the growth rate distributions. Our results also indicate that barriers of becoming a high growth firm, such as financial constraints, are especially prevalent in the Chinese private sector.
Subjects: 
firm growth
growth rate distributions
AEP conditional estimation
variance-scaling relationship
China
ownership type
JEL: 
C46
O53
L10
Document Type: 
Working Paper

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