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Hao, Xu ; Marlon, Seror ; Marlon, Seror ; Stephan, Heblich ; Stephan, Heblich ; Yanos, Zylberberg ; Yanos, Zylberberg. (2019) Industrial clusters in the long run: evidence from Million-Rouble plants in China.
In: CESifo Working Paper Series. RePEc:ces:ceswps:_7682.
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We further rely on the NBS above-scale survey (1992–2008) to shed light on the evolution of the Million-Rouble plants—see Appendix D for a description of the procedure followed to match plants with firms and a comparison of the MillionRouble plants with other firms in the same county. We find that (i) most plants are still active today (94 of the 125 Million-Rouble plants that operated in the manufacturing sector could be identified) and (ii) they are on average four times as productive as other above-scale firms (controlling for size; see Table D1 and the detailed discussion in Appendix D).
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