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What drives the volatility of firm level productivity in China ? (English)

The enterprise reforms of the 1990s profoundly changed the structure of the economy in China. With the deepening of market economy, the share of the state-owned and collective enterprises declined. Expansion and contraction, as well as establishment and closure, of firms became a common phenomenon. The level and volatility of firm productivity have become increasingly important aspects of the micro performance of the economy. This paper uses a firm-level...
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Luo,Xubei; Zhu,Nong.

What drives the volatility of firm level productivity in China ? (English). Policy Research working paper ; no. WPS 6846 Washington, DC: World Bank Group. http://documents.worldbank.org/curated/en/871231468011415422

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