新结构经济学workshop:Resource Shocks and Entrepreneurship: Evidence from China

发布日期:2018-03-09 15:36:57    来源:北京大学国家发展研究院

时间:2018年3月9日下午16:00-17:30   

地点:北京大学英杰交流中心359s会议室

主持人:王勇、王歆

主讲人:Tianyang Xi (National School of Development, Peking University)

Title: Resource Shocks and Entrepreneurship: Evidence from China

(joint with Ruochen Dai, Lixing Li, & Xuanli Xie)

Abstract:

This paper studies how the dependence on natural resource shapes entrepreneurship in the Chinese context. We exploit the sharp decline of global coal price from 2012 to 2014 as an exogenous shock  to identify the sector-specific impact of   domestic coal production on entrepreneurship. Using a comprehensive data set of firm registration, the paper finds a strong negative effect of coal production on the establishment of firms. Thus, a weak coal price provided an opportunity for the Chinese economy to pull out of the  resource dependence trap. In response to the declining coal sector, potential and existing entrepreneurs take advantage of the decreased opportunity cost and lower entry barrier to establish firms. Induced entrepreneurial activities are more vigorous in sectors with a higher level of downstreamness relative to, and of  higher proximity with, the coal sector in the production network, and in regions with an underdeveloped financial sector.

Speaker:

20160

Tianyang Xi obtained his Ph.D. degree in political science at New York University in 2013 before he joined the National School of Development. His fields of interests include conflicts and institutions, political selection, and the political economy of development. His recent works study how the educational and career backgrounds of political leaders shape economic policies, how the rules of political selection affect the characteristics of leaders, and how internal conflicts affected the pattern of bureaucratic selection in the late imperial China. His papers have appeared on Journal of Theoretical Politics, European Journal of Political Economy, and Journal of Development Economics.

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