Cluster-based industrialization in China: Financing and performance

نویسندگان
چکیده

منابع مشابه

Cluster-based industrialization in China: Financing and performance

China’s rapid industrialization despite the lack of a well developed financial system seems to defy the conventional thinking on the role of finance in development. This paper tries to explain the puzzle from the clustering point of view. Based on firm-level data from two recent censuses, we find that within industrial clusters: finer division of labor lowers the capital barriers to entry; clos...

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ژورنال

عنوان ژورنال: Journal of International Economics

سال: 2011

ISSN: 0022-1996

DOI: 10.1016/j.jinteco.2011.03.002