THE IMPACT OF INDUSTRIAL AGGLOMERATION ON FIRM EMPLOYMENT AND PRODUCTIVITY IN GUANGDONG PROVINCE, CHINA
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 10
Abstract
This paper examines the impact of industrial agglomeration on productivity and firm employment in Guangdong province, China. As the firstly opened area in China, Guangdong gained most benefits from the economic reform by attracting FDI and expanding trade. Furthermore, due to its adjacency to Hong Kong, a core-periphery mechanism with significant agglomeration effects, as described in spatial economics, had been observed. By carrying out OLS empirical method and using a panel dataset containing 504 samples from 2000 to 2005 at individual firm level, we found that the manufacturing rather than the service industry is playing the most important role in Guangdong; Furthermore, bridge infrastructure, industrial specialization, and FDI significantly affect firm employment and productivity. The empirical results imply that Guangdong should strengthen its technology level for further industrial upgrading.
Authors and Affiliations
Xu Zhang| National Graduate Institute for Policy Studies
Keywords
Related Articles
- EP ID EP2088
- DOI -
- Views 437
- Downloads 26
MARKET REACTION TO DIVIDEND INITIATION ANNOUNCEMENTS ON THE GHANA STOCK EXCHANGE: THE CASE OF INDUSTRIAL ANALYSIS
This study examines the market?s reaction to dividend initiation announcements. In particular, it considered the magnitude of abnormal returns during the days that surround announcements of dividend initiation. This stud...
THE EFFECTS OF INDEPENDENT MANAGERS, INSTITUTIONAL SHAREHOLDERS AND AUDIT EXPENSES ON THE PROBABILITY OF FINANCIAL CRISIS
This paper examines the impact of independent managers, institutional shareholders and audit expenses on the probability of financial crisis of the listed companies in Tehran Stock Exchange (TSE). The target sample inclu...
THE IMPACT OF DEBT STRUCTURE ON FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM NIGERIAN QUOTED FIRMS
This paper provides an empirical investigation of the impact of debt structure on the performance of Nigerian quoted firms. It was conducted using 12-year annualized panel data spanning the period 2001-2012 for cross sec...
STUDY ON THE EFFECT OF AFFECTING FACTORS ON THE STONE EXPORT PERFORMANCE IN LORESTAN PROVINCE
The main purpose of this research is to study the effect of affecting factors on the stone export performance in Lorestan province. Based on its purpose, it is an applied research and based on the method of data collect...
THE EFFECT OF INTEREST RATE, INFLATION RATE, GDP, ON REAL ECONOMIC GROWTH RATE IN JORDAN
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real economic growth in Jordan over the period 2000-2010. Unit root test (Augmented Dickey-Fuller test) has been...