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Firm Quasi-Dynamics in the Chinese Manufacturing Industries
09:00-11:00, Tuesday, July 13, 2021
Center for Industrial and Business Organization (CIBO), DUFE（东北财经大学产业组织与企业组织研究中心）
Institute for Advanced Economic Research (IAER), DUFE（东北财经大学高等经济研究院）
Committee for Discipline Construction of Industrial Economics, China Society of Industrial Economics（中国工业经济学会产业经济学学科建设专业委员会）
Dr. Qihong Liu is a Professor of Economics at University of Oklahoma. He obtained his Ph.D. in Economics from SUNY Stony Brook in 2003. Professor Liu’s main research areas are Industrial Organization and Applied Microeconomics with focus on modeling firms’ pricing and product strategies. His recent research includes ad avoidance and airlines. He is a leader in modeling strategic interactions between consumers and firms, facilitated by the availability of consumer information. Professor Liu has published in journals including Review of Economics and Statistics, European Economic Review, International Journal of Industrial Organization, Journal of Economics & Management strategy, and Journal of industrial Economics. His research has been cited in various media including Bloomberg, Forbes, and Wall Street Journal, etc. Professor Liu is an Associate Editor of Information Economics and Policy and Notas Economicas (Portugal), and serves on the editorial board of Journal of Media Economics.
We explore the firm quasi-dynamics (entry/exit and growth) in the Chinese manufacturing industries and investigate how these dynamics vary across regions. Our results show that relative to provinces with less developed economies, in provinces with more developed economies: (1) There are higher shares of new firms; (2) New firms are smaller and more labor-intensive; (3) Firms exit at a quicker rate and surviving firms grow faster. These results point toward cross-region differences in market efficiency in terms of how much it costs a firm to enter or exit the market. Our findings shed light on how firms should adapt their strategies across regions and how the government should create sound policies on industrial upgrading and relocation.
For more information of the seminar, scan the following QR code(s) to join Tencent QQ group (904 544 292) or WeChat group named "IAER Seminar (2)", please.
WeChat Group (QR code is valid until 6/18/2021)