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Replication data for: Growing Like China

Resource Type
  • Song, Zheng
  • Storesletten, Kjetil
  • Zilibotti, Fabrizio
Publication Date
  • Abstract

    We construct a growth model consistent with China's economic transition: high output growth, sustained returns on capital, reallocation within the manufacturing sector, and a large trade surplus. Entrepreneurial firms use more productive technologies, but due to financial imperfections they must finance investments through internal savings. State-owned firms have low productivity but survive because of better access to credit markets. High-productivity firms outgrow low-productivity firms if entrepreneurs have sufficiently high savings. The downsizing of financially integrated firms forces domestic savings to be invested abroad, generating a foreign surplus. A calibrated version of the theory accounts quantitatively for China's economic transition. (JEL E21, E22, E23, F43, L60, O16, O53, P23, P24, P31)
  • Is supplement to
    DOI: 10.1257/aer.101.1.196 (Text)
  • Song, Zheng, Kjetil Storesletten, and Fabrizio Zilibotti. “Growing Like China.” American Economic Review 101, no. 1 (February 2011): 196–233.
    • ID: 10.1257/aer.101.1.196 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Song, Zheng; Storesletten, Kjetil; Zilibotti, Fabrizio (2011): Replication data for: Growing Like China. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.