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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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Value added is available between 1998 and 2007, 2004 excluded. Profits are defined as value added minus total compensation. They are available from 1998 to 2007, except for 2004. The unit of observation is a prefecture × year × industry (2-digit, Chinese Industrial Classification). 41 Not all “156†factories have been matched to firms in the “above-scale†data. These figures are thus lower bounds. Productivity Table D2 compares the Million-Rouble plants with other firms within treated counties along various measures of productivity. As productivity may be systematically correlated with firm size, all regressions control for employment. We further include county, year and two-digit industry fixed effects in all specifications.
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